OTTAWA, Jan. 18, 2012 /CNW/ - Seprotech Systems Incorporated (TSX.V: SET; "Seprotech" or the "Company") is pleased to announce that a Canadian Consortium lead by the Company and including WESA Group Inc. of Ottawa, Ontario, has been awarded a contract in the Middle-East valued at approximately $ 4 Million CAD for environmental engineering and construction supervision services. The contract is for a Naturally Engineered Wastewater Treatment (NEWT) system at an industrial facility currently under construction for a bauxite mine and aluminum smelter in the Kingdom of Saudi Arabia.
The project is an ecological wastewater treatment system designed to mimic the cleansing functions of wetlands. The process is based on fixed-film technology and the ecological functions of a natural tidal wetland. "This is a very important project for Seprotech and represents our first contract in the Middle-East where water scarcity and conservation are paramount as they represent a major hurdle to economic growth," said President & CEO Harry Marshall. "We have only been working with our new partner in Saudi Arabia for 3 months and this relationship is already bringing in excellent results.
"The contract also reinforces new Management's strategy to expand Seprotech's technology reach through diverse processes and to concentrate on specific international partners with strong local presence, and with engineering capabilities complimentary to Seprotech's," continued Mr. Marshall. "We look forward to expanding our presence and new contracts in The Kingdom of Saudi Arabia and the Middle-East as a whole over the coming year."
Seprotech is a provider of engineered water and wastewater treatment solutions to the municipal/land development, resource sector and military market place, including Reverse Osmosis water purification systems, ROTORDISK® biological sewage treatment package plants and CrystalBlue™ membrane-based water recycling systems.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
For further information:
Mr. Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-0851