CALGARY, Nov. 17, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company) (TSX: PUR) is pleased to announce its partnership with WRc plc ("WRc") of Swindon, South West England, to offer water pipeline asset management solutions to the water sector within the United Kingdom and Ireland. WRc is a centre of excellence for innovation providing consultancy in the water, environment, waste and resources and gas sectors.
Pure and WRc will offer a customized range of proprietary pipeline inspection services, including the innovative SmartBall®, Sahara® and PipeDiver® condition assessment technology platforms, and their combined specialized engineering expertise to water utilities. By implementing an integrated, technology-based approach, utilities will be able to reduce the cost of pipeline operation and maintenance and extend asset life.
The partnership is expected to provide Pure with additional business opportunities within the UK, where it has had limited exposure to date, and also give WRc access to Pure's most innovative inspection technologies and asset management solutions.
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.
WRc is a global innovation consultancy who work with their clients to develop and implement innovative and valued solutions. WRc recognizes the benefits of collaboration as a driver of innovation and provides their clients with strategic support to develop their vision and map out their innovation needs. WRc brings a shared sense of purpose of discovering and delivering new and exciting solutions that enable their clients to meet the challenges of the future.
This News Release contains forward-looking statements, including, without limitation, statements containing the words "should", "believe", "anticipate", "may", "plan", "will", "continue", "intend", "expect", "estimate" and other similar expressions. These statements constitute "forward-looking information" within the meaning of applicable Canadian securities laws. These statements are based on the Company's current expectations, estimates, forecasts and assumptions. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other important factors that could cause the Company's actual performance to be materially different from that projected. Examples of these statements would include those where the Company forecasts the timing of new and existing projects, the success of the Company's new technologies and entering new markets, the Company's ability to generate future cash flows and the timing and amount of future dividend payments. The assumptions, risks and uncertainties that could cause actual results to differ materially from the forward-looking information, include, but are not limited to, market changes, the Company's ability to deliver services in a timely and cost effective manner, technological change, changes in general economic conditions and other risks detailed from time to time in our ongoing filings with the Canadian securities regulatory authorities, including those in the Company's Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise.
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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 Paul Moon, Investor Relations; (403) 266-6794 or [email protected]