Press release from CNW Group
BluMetric Announces New Contracts Exceeding $1.5 Million in the Northern Territories
Thursday, July 11, 2013
BluMetric Announces New Contracts Exceeding $1.5 Million in the Northern Territories06:30 EDT Thursday, July 11, 2013
OTTAWA, July 11, 2013 /CNW/ - BluMetric Environmental Inc. (TSX-V: BLM) is pleased to announce a new mining-site water management and remediation project in the Yukon which is expected to exceed $1 million in revenue over the two-year contract, and which, in combination with other new projects in the Yukon, Northwest Territories, and Nunavut, will bring the company's total fees in the northern territories this year to more than $1.5 million, representing a 50% increase over last year's cumulative work in that region. This particular project involves not only working to minimize or negate groundwater and surface water contamination but to manage the complex interrelationships among all the players involved.
"We are increasingly recognized both for our ability to handle highly complex water treatment and management problems and for our project management and stakeholder relationship skills," said Nell van Walsum, President of BluMetric's Professional Services Division. "Our work in the north, for a wide variety of government and commercial clients, has ranged from mining-site remediation to contaminant management on demolition sites to infrastructure assessment relating to industrial hygiene, health and safety."
"We are beginning to benefit from situations in which the Water and Professional Services Divisions are actively working together on complex projects," said BluMetric's CEO, William Touzel. "The symbiotic relationship we anticipated as a result of our merger is especially visible in longer-term projects, and should continue to strengthen as we broaden our service reach in the north."
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, providing environmental earth sciences and engineering solutions, including contaminated site remediation, water resource management, industrial hygiene, occupational health & safety, and renewable energy. This division also operates under the names "WESA", "Envir-Eau", and "OEL-HydroSys"
- Water, focussed on design-build and pre-engineered product solutions to industrial/commercial water and wastewater treatment needs. This division also 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