CALGARY, June 6, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce the appointment of Mr. Geoff Krause, C.A., C.P.A., as Chief Financial Officer of the Company, effective July 14, 2014.
Mr. Krause is currently Vice President, Finance, for Tervita Corporation, a private environmental solutions and energy services provider with over 4,000 employees, where he oversees a finance team of more than 150 employees spanning multiple divisions. Prior to joining Tervita in 2011, Geoff held CFO positions at Pristine Power Inc. and Cork Exploration Inc., both previously TSX-listed companies prior to their acquisition.
"Geoff's experience and proven leadership capabilities are a perfect fit for Pure at this stage in our Company's development," said Jack Elliott, President and CEO. "Geoff has extensive experience in corporate and operations financial management in a service environment. We are delighted that we have been able to attract an executive of his caliber to this critical position, and we look forward to having him as a key member of our executive team as we move to the next phase of growth."
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 technology licensing;
- Premium technical services including pipeline inspection, leak detection and condition assessment (PureEM™, SmartBall®, Sahara®, PipeDiver®, PureRobotics®; PureMFL™;
- 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 Regulators (www.sedar.com).
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SOURCE: Pure Technologies Ltd.
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