Press release from CNW Group
Pure Technologies Announces New Work Worth US$4.8 Million
Wednesday, July 17, 2013
Pure Technologies Announces New Work Worth US$4.8 Million09:00 EDT Wednesday, July 17, 2013
CALGARY, July 17, 2013 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) announced today that its wholly-owned subsidiary, Pure Technologies US Inc.("Pure U.S."), has been awarded new work worth approximately US$4.8 million by the Board of County Commissioners of Miami-Dade Water and Sewer Department ("WASD").
Pure U.S. will provide inspection and monitoring services on a portion of WASD's water and wastewater system comprised of prestressed concrete cylinder pipes. The inspection and monitoring services will utilize a range of Pure's patented leak detection and condition assessment technologies including its PipeDiver®, SmartBall® and SoundPrint® Acoustic Fibre-Optic monitoring technologies.
The new work is expected to commence in the fourth quarter of 2013 and is for a period of approximately one year.
Prior announced work for WASD can be found here:
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 revenuefrom data analysis and site maintenance for these technologies, and from technology licensing;
- Premium technical servicesincluding pipeline inspection, leak detection and condition assessment (PureEM™, SmartBall®, Sahara®, PipeDiver®, PureRobotics™, PureMFL™);
- Specialized engineering servicesin 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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"The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release"
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 firstname.lastname@example.org.