CALGARY, Jan. 20, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce it has been selected as Cantech Letter's Canadian Cleantech Stock of the Year. Pure was presented the award at a gala awards dinner at the Metro Toronto Convention Centre on Thursday, January 16th.
The Cantech Letter Awards celebrate the very best in Canadian technology. The winning companies are chosen by a panel of Canada's top technology analysts and the readers of Cantech Letter (http://www.cantechletter.com/). Past winners include Avigilon, Catamaran Corp. and Glentel. The 2013 Cantech Letter Awards is the fourth annual, and the first for the Cleantech award.
"I would like to thank Cantech Letter and members of the financial community who have made this award possible," commented Jack Elliott, Pure's President and COO. "I believe I speak for everyone at Pure in saying it is an honour to be recognized for the work we enjoy doing each day. Canada's technology sector is alive and well and many of its companies are leading the way in their respective fields. It is gratifying to know that our efforts are making a difference in the world today."
Cantech Letter's Nick Waddell commented on the award. "I am very pleased to present Pure Technologies with the inaugural Cleantech Stock of the Year Award. Pure's continuing focus on innovation makes it a model for its peers in the innovation, pipeline condition assessment and asset management sectors."
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 pipeline inspection, leak detection and condition assessment (PureEM™, SmartBall®, Sahara®, PipeDiver®, PureRobotics®; PureMFL™;
- 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).
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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 James E. Paulson, Chairman, Karen Keebler, Chief Financial Officer or Paul Moon, Investor Relations at (403) 266-6794 or e-mail to [email protected].