MONTREAL, Jan. 12 /CNW/ - ProSep Inc. (TSX: PRP), dedicated to providing
process solutions to the oil and gas industry, announces that it has been
awarded a $3.7 million (USD) contract by a major engineering, procurement and
construction firm to supply fuel and gas seal packages that will be used in an
off-shore project in Asia.
ProSep's fuel and gas seal packages will be used to condition and process
the natural gas, removing hydrocarbons and other compounds.
No other terms of the contract were provided for competitive reasons.
With this contract win, ProSep's sales backlog totals approximately $36
About ProSep Inc.
ProSep Inc., formerly known as TORR Canada Inc., is dedicated to
providing process solutions to the oil and gas industry. ProSep designs,
develops, manufactures and commercializes technologies to separate oil, water
and gas generated by oil and gas production. For more information, please
Caution concerning forward-looking statements
This press release contains forward-looking statements. Such statements
inherently involve numerous risks and uncertainties. Actual future results may
differ from the anticipated results expressed in the forward-looking
statements contained in this press release and ProSep does not undertake to
update this information. Investors are cautioned against placing undue
importance on forward-looking information contained herein and should consult
the final short form prospectus and the documents incorporated by reference
therein, which contain a more exhaustive analysis of risks and uncertainties
connected to ProSep's business.
For further information:
For further information: ProSep Inc., Jacques L. Drouin, President &
CEO, (514) 522-5550 ext. 226, firstname.lastname@example.org; The Equicom Group Inc.,
Joe Racanelli, (416) 815-0700 ext. 243, email@example.com