CALGARY, March 12, 2015 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce that its Board of Directors has appointed Mr. Raymond Crossley, CA to the Board effective March 12, 2015. Mr. Crossley recently retired from PricewaterhouseCoopers LLP ("PwC") after a distinguished career. He has been a Partner with PwC since 1996 and most recently served as Managing Partner, Western Canada. He has worked in various managerial and executive roles during his time with PwC.
"We are pleased to have attracted such a high calibre individual to join Pure's Board of Directors," said Jamie Paulson, Executive Chairman of Pure. "Ray brings significant leadership, management and corporate governance experience, attributes that will contribute to our strong Board. His financial expertise, both in Canada and the U.S., and extensive experience supporting numerous business and financial transactions will be welcome assets as the Company continues to execute on its future growth plans."
Ray is a Director of Penn West Petroleum Ltd., is a member of the Financial Review Committee of the Alberta Securities Commission and is also a Director with the Canada West Foundation. He has previously served as Chair of the annual fundraising dinner for Hull Services and as a member of the Patrons' Council of UNICEF's Water for Life Gala fundraising dinner.
Mr. Crossley is a Chartered Accountant and graduated from the University of Western Ontario with a degree in Economics and Political Science.
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;
- Recurring revenue from data analysis, site maintenance, and from technology licensing;
- Premium technical services including pipeline inspection, leak detection and condition assessment;
- Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure.
This News Release contains forward-looking statements, including, without limitation, statements containing the words "should", "believe", "anticipate", "may", "plan", "will", "continue", "intend", "expect", "estimate" and other similar expressions. These statements constitute "forward-looking information" within the meaning of applicable Canadian securities laws. These statements are based on the Company's current expectations, estimates, forecasts and assumptions. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other important factors that could cause the Company's actual performance to be materially different from that projected. Examples of these statements would include those where the Company forecasts the timing of new and existing projects, the success of the Company's new technologies and entering new markets, the Company's ability to generate future cash flows and the timing and amount of future dividend payments. The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward-looking information, include, but are not limited to, market changes, the Company's ability to deliver services in a timely and cost effective manner, technological change, changes in general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in the Company's Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise.
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SOURCE Pure Technologies Ltd.
For further information: To find out more about Pure Technologies Ltd. (TSX: PUR), visit our website at www.puretechltd.com or contact Paul Moon, Investor Relations; (403) 266-6794 or [email protected]