CALGARY, July 11, 2017 /CNW/ - Maynilad Water Services has awarded Pure Technologies ("Pure") a 12-month contract, worth up to $1.7 million, to assess a critical water pipeline within Metro Manila in the Philippines. The contract, which takes advantage of Pure's Assess and Address™ approach to pipeline management, marks the first condition assessment program for a water network operator located in south-east Asia.
"We've been partnering with Pure for more than eight years to assist with the reduction of our non-revenue water," said Eric J. Montes, VP Integrated Asset Management, Maynilad. "This project, which is part of our Pipeline Integrity Management, is aligned with our overall Asset Management Program. One of the major goals of the project is to establish the baseline condition and to determine the lifecycle cost and maintenance requirements of the pipeline, which is the single most critical asset that we operate, as well as evaluate the condition in comparison to international standards. Ultimately, Pure will assist us with our replacement and rehabilitation decisions allowing us to extend the life of this important asset."
Pure will make Assess and Address recommendations based on a number of factors, including detected leaks, remaining wall thickness on the metallic pipes and broken wire wraps on the PCCP, which are the main indicators of potential issues. Pure's non-destructive technical approach will prioritize specific locations on the pipeline for repair/replacement.
"We enjoy partnering with forward-thinking water operators like Maynilad who are open to using innovation and advanced analytics to manage their most critical assets," said Mike Wrigglesworth, Senior Vice President of Pure Technologies. "This program builds on our existing relationship with Maynilad, and provides defensible information on the condition of their infrastructure so they can make more informed decisions in the future."
Maynilad Water Services Inc. is the water and wastewater services provider for the 17 cities and municipalities that comprise the West Zone of the Metropolitan Manila area in the Philippines. The water operator was granted exclusive concession to operate until 2037.
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.
® Registered Trademarks, property of Pure Technologies Ltd.
"The TSX 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 IR website at https://investors.puretechltd.com/ or contact Paul Moon, Director of Investor Relations; (403) 537-3244 or [email protected]