Press release from CNW Group
Three major contracts valued at close to 85 million dollars for GLV Group
Tuesday, April 09, 2013
Three major contracts valued at close to 85 million dollars for GLV Group10:17 EDT Tuesday, April 09, 2013
MONTREAL, April 9, 2013 /CNW Telbec/ - GLV Group (GLV Inc.) announced today that Ovivo, its operating sector involved in water treatment, signed three major contracts for a total value close to 85 million dollars (CAN). These contracts were obtained in the Electronics market segment. "These contracts demonstrate Ovivo's global leadership in this segment and also confirm the strategy to refocus Ovivo's activities in growth markets such as Energy, Electronics and Metals, Municipal in Europe and North America as well as Parts and Services announced in August 2012," said Richard Verreault, President and Chief Executive Officer of GLV Group.
The scope of work includes the design, supply and commissioning of advanced ultrapure water as well as sophisticated industrial process and wastewater system. Contracts will be executed in Asia and North America over the next 18 to 24 months.
From GLV to GLV Group
GLV recently initiated a strategic review of its activities that led it to revisit its mission and business strategy, as well as resulted in a change in the branding of the company. This change includes a revision of its corporate signature representing GLV's past, present and future success namely: employees and their know-how. Thus GLV Group; Insightful people was born.
GLV Group also launched on April 8th a new website (www.glv.com) which is a unique window for GLV Group's financial partners, employees, and customers to learn more about the business.
About GLV Group (GLV Inc.)
GLV Group is an international business active mostly in the sectors of water treatment (Ovivo) and pulp and paper (GL&V) that offers comprehensive technological solutions as well as services and equipments tailored to the needs of its customers. GLV Group's different business units operate in more than 25 countries and employ approximately 2,100 employees. GLV Group is a public company whose shares are traded on the Toronto Stock Exchange (TSX) under the symbols GLV.A and GLV.B. www.glv.com
Notice regarding forward-looking statements
Certain statements in this press release regarding management's objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements are recognized by the use of terms such as "forecast," "project," "could," "plan," "aim," "estimate" and other similar terms, possibly used in the future or conditional, particularly with regard to certain assumptions. The management of GLV would like to point out that forward-looking statements involve a number of uncertainties and known and unknown risks such that GLV's actual and future results could differ considerably from those stated. There can be no assurance as to the materialization of the results, performance or achievements as expressed in or underlying the forward-looking statements. The forward-looking statements included in this press release were made as of the date hereof, and unless required to do so pursuant to applicable securities legislation, management of GLV assumes no obligation to update them.
SOURCE: GLV Inc.
For further information:
France De Blois
Chief Financial Officer
Tél. : + 514 284-2224
Global Director, Communications
Tél. : + 514 284-2224