CALGARY, Sept. 22, 2011 /CNW/ - Pure Technologies Ltd., ("Pure") (TSX:
PUR) is pleased to announce today that it has recently been awarded new
work in the United States for a combined value of approximately US$2
million. The services provided with these projects span the full range
of Pure's inspection, condition assessment and engineering services for
water and wastewater pipelines included in the following contracts:
City of Austin, Texas: Pure Technologies U.S. Inc. ("Pure U.S") will
provide non-destructive condition assessment and leak detection
services for the City of Austin water utility which services roughly
900,000 people in the Austin area. This major pipeline network is
comprised of a total of 3,646 miles of transmission and distribution
mains. This significant contract builds on other work obtained in the
state including a multi-year contract with the City of Dallas.
City of Anchorage, Alaska: A combination of services including
electromagnetic inspection, SmartBall® leak detection, and engineering
analysis will be performed for the water and wastewater utility that
services the Anchorage area.
Cary, North Carolina: Pure U.S. will provide condition assessment
services of several sewer force mains. This work demonstrates Pure's
growing presence in the wastewater market.
"Our overall service offering to the water and wastewater market is
becoming more and more attractive as we are able to meet the needs of
agencies faced with deteriorating infrastructure, water loss and
shrinking budgets," said Jamie Paulson, Chairman. "The new work we've
recently obtained in the U.S. shows that our efforts to grow business
in the Americas are being rewarded as we continue to obtain high-value,
multi-year program opportunities."
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 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: PUR), visit our website at www.puretechltd.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.