CALGARY, May 22 /CNW/ - Pure Technologies Ltd., TSX-V: PUR, is pleased to
announce the election of Charles W. Fischer of Calgary, Alberta to its Board
of Directors at the Company's Annual General Meeting on May 14th, 2009. Mr.
Fischer brings a wealth of business and public company experience to the
Mr. Fischer graduated from the University of Calgary with a degree in
Chemical Engineering in 1971, and again with a Masters of Business
Administration in 1982. Mr. Fischer was Vice-President, Planning and
Development for Bow Valley Industries, then served as President and Chief
Executive Officer of Encor Energy until it was acquired by Talisman Energy in
1993. Mr. Fischer served as Director, President and Chief Executive Officer of
Nexen Inc. until his recent retirement, and is a Board member of Nova
Chemicals, University of Calgary Board of Governors, Alberta Climate Change
Central Board, and the Canada West Foundation. He has served on numerous
Boards, including Syncrude Canada Limited, Alberta Economic Development
Authority, and the C.D. Howe Institute. Mr. Fischer is very active at the
community level and is the recipient of numerous awards for business,
leadership, technology and community service.
Mr. Fischer joins the current members of the Board of Directors,
re-elected at the same meeting, Peter Paulson, James Paulson, Michael
Kanovsky, and David McDermid. Mr. McDermid was elected to the Board in May
Pure also announces 100,000 stock options have been granted. The options
have an exercise price of $3.33 per share, expire on May 14, 2014, and vest
over 3 years. Total options outstanding, subsequent to the current grant, are
approximately 8% of total shares outstanding.
About Pure Technologies Ltd.
Pure Technologies Ltd. is an international technology and services
company which has developed patented technologies for inspection, monitoring
and management of critical infrastructure around the world. Pure operates from
its headquarters in Calgary, Canada and through subsidiaries in Maryland, New
Jersey, and the UK. Pure's proprietary product portfolio includes
SoundPrint(R), a continuous acoustic structural monitoring system for
buildings, bridges and structures; SoundPrint(R) AFO, a fiber-optic
distributed acoustic sensing system for monitoring and surveillance of
pipelines; and SmartBall(R), a revolutionary new leak detection technology for
water, wastewater and hydrocarbon pipelines.
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
(R) 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"
For further information:
For further information: To find out more about Pure Technologies Ltd.
(TSX-V: PUR), visit our website at www.puretechnologiesltd.com; contact James
E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403)
266-6794, or e-mail to: email@example.com