CALGARY, March 17, 2016 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") announced today that Mr. Muthu Chandrasekaran, P.Eng., has been appointed Senior Vice President, Energy Pipelines. Mr. Chandrasekaran was previously Vice President, Corporate Strategy & Marketing.
"Muthu has been a key member of the Pure team since he joined the company in 2000 following his graduation from the University of Alberta," commented Jack Elliott, Pure's President & CEO. "He was instrumental in the acquisition of the Hunter McDonnell Pipeline Services business and he has worked closely with the PureHM team to grow the business rapidly over the past year. In his new role, he will be responsible for increasing our share of the large market for integrity and asset management services in the oil & gas pipeline sector. We believe that our innovative culture, combined with PureHM's reputation for superior service, will provide opportunities for accelerated growth in this sector."
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.
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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]