PURE TECHNOLOGIES ANNOUNCES NEW US$8.5 MILLION CONTRACT

CALGARY, Jan. 17 /CNW/ - Pure Technologies Ltd. ("Pure") (TSX-V: PUR) is pleased to announce that Dallas City Council has authorized the award of a three-year service contract worth up to US$8.5 million to Pure's wholly-owned subsidiaries, Pure Technologies U.S. Inc. and Pressure Pipe Inspection Company (USA) Inc.

Under the contract, Pure will provide leak detection, electromagnetic inspection and other condition assessment services for Dallas Water Utilities (DWU), which services 2.4 million customers in Dallas, Texas and nearby communities. DWU maintains more than 5,000 miles of water mains and 4,300 miles of wastewater collection pipelines, making it one of the largest pipeline networks in the U.S. This service agreement builds on a leak detection and condition assessment program that commenced in 2004. Under the initial program, condition assessment and leak surveys of pipelines resulted in substantial water savings and avoided pre-mature failure of pipelines.

The non-destructive leak detection surveying and condition assessment services provided by Pure allow DWU to maintain optimum productivity and system reliability by reducing downtime and inspection time. Additionally, this service agreement enables DWU to monitor pipeline conditions effectively, and plan and coordinate maintenance projects.

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 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).

Forward-Looking Statements

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).

® Registered Trademarks, property of Pure Technologies Ltd.

"The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release"

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 info@puretechnologiesltd.com.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890