CALGARY, Jan. 27 /CNW/ - Pure Technologies Ltd., ("Pure") (TSX-V: PUR) announced today that Maynilad Water Services Inc. ("Maynilad") of the
Philippines has extended a significant contract with Pure's
wholly-owned subsidiary, the Pressure Pipe Inspection Company (PPIC)
for the use of Sahara® leak detection services.
Maynilad is the water and wastewater services provider for 17 cities and
municipalities that comprise the West Zone of the greater Metro Manila
area. Maynilad operates a pipeline network that runs for more than
6,000 kilometers. The initial contract between PPIC and Maynilad was
signed in 2009 as part of a strategic water loss management program
aimed at reducing non-revenue water loss. Under this contract, Maynilad
engineers were trained on Sahara technology so they can operate the
equipment in the West Zone concession.
Since the program began, Sahara has helped Maynilad reduce its
non-revenue water loss by detecting over 160 leak locations. Sahara has
also located unknown and illegal connections and pipeline features.
Advantages of using Sahara include its ability to inspect long
distances of aging water mains while the mains are in service; Maynilad
has therefore been able to increase leak detection and video inspection
efforts without disrupting water delivery services to its customers.
Before DMCI-MPIC Water Company, Inc. (DMWCI), a joint venture between
Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc.
(DMCIHI) took control of Maynilad in 2007, the non-revenue water level
in the West Zone was at a high 67%. As of year-end 2010, non-revenue
water in Maynilad's concession area is down to 51%. Only three years
under new management, Maynilad was able to drive down the West Zone's
system loss level to the lowest in its history.
This contract extension demonstrates Pure's success in securing new,
renewed, and extended contracts with former clients of PPIC. With this
contract extension and as a result of the acquisition of PPIC less than
six months ago, Pure has announced several contract and award notices
totaling approximately $12.5 million.
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international asset management technology
and services company which has developed patented technologies for
inspection, monitoring and management of critical infrastructure around
the world. Pure's business model incorporates four distinct but
complementary business streams:
Sales of proprietary monitoring technologies for pipelines, bridges and
structures (SoundPrint®, SoundPrint® AFO);
Recurring revenue from data analysis and site maintenance for these technologies, and from
Premium technical services including inspection, leak detection and condition assessment (P-Wave®,
SmartBall®, Sahara®, PipeDiver™, PureRobotics™);
Specialized engineering services in areas related to asset management, primarily in the area of pipeline
condition assessment for water and wastewater infrastructure (Openaka
Corp., Price Brothers UK Ltd, and Jason Consultants).
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words "believes",
"expects", "anticipates", "estimates", "intends", "plans", or similar
expressions. Forward-looking statements are not guarantees of future
performance. They involve risks, uncertainties and assumptions and the
Company's actual results could differ materially from those anticipated.
Forward-looking statements are based on the opinions and estimates of
Management at the date the statements are made, and are subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in
the forward-looking statements. In the context of any forward-looking
information please refer to risk factors detailed in, as well as other
information contained in, the Company's filings with Securities
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SOURCE Pure Technologies Ltd.
For further information:
To find out more about Pure Technologies Ltd. (TSX-V: PUR), visit our website at www.puretechnologiesltd.com. Or contact James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403) 266-6794 or e-mail to firstname.lastname@example.org