Press release from CNW Group
BluMetric Awarded US $1Million Contract For Wastewater Treatment System in New York
Thursday, May 02, 2013
BluMetric Awarded US $1Million Contract For Wastewater Treatment System in New York13:38 EDT Thursday, May 02, 2013
OTTAWA, May 2, 2013 /CNW/ - BluMetric Environmental Inc. (TSXV: BLM) is pleased to announce that it has been awarded a US$1M contract for the supply of wastewater treatment equipment to a municipality in New York State.
The contract is for the Water Division's Rotating Biological Contactor (RBC) technology for the treatment of municipal wastewater. With this contract, the client will install three different configurations of the BluMetric technology, and upon completion of a roughly half-year assessment period will make a decision which to use as the standard for the entire facility. The complete retro-fitting for the remainder of the facility is currently budgeted to include approximately US$7M in additional RBC equipment.
"Hundreds of RBC systems were installed in the Northeast United States in the '70s and '80s", said Harry Marshall, President of the BluMetric Water Division. "It is a very robust and reliable technology, however this vast installed base is reaching the end of its 30-year lifecycle and all these facilities will soon need to be retrofitted and upgraded. With our proprietary technology and decades of experience with RBCs, BluMetric is uniquely positioned to support a large number of US municipalities as they retrofit and upgrade their existing wastewater treatment facilities."
"We are seeing encouraging signs of recovery in this part of the US market," said BluMetric CEO William Touzel. "The United States is a key component in our growth initiatives and this strategic project sets a solid base for future opportunities."
BluMetric delivers sustainable solutions to complex environmental issues. The Company serves clients in many industrial sectors, and at all levels of government, in Canada and abroad.
BluMetric operates through two divisions:
- Professional Services Division, providing environmental earth sciences and engineering solutions, contaminated site remediation, water resource management, industrial hygiene, occupational health & safety, and renewable energy. This division operates under the names "WESA", "Envir-Eau", and "OEL-HydroSys"
- Water Division, focussed on design-build and pre-engineered product solutions to industrial/commercial water and wastewater treatment needs. This division operates under the names "WESAtech" and "Seprotech".
More information can be obtained at www.blumetric.ca
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.
SOURCE: BluMetric Environmental Inc.
For further information:
Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-0851
Robin M. Sundstrom
IRonside Investor Relations
Tel: (647) 822- 8111