Press release from CNW Group
BluMetric Signs Exclusive Agreement to Represent LG Water and Wastewater Treatment Membranes in Canada
Wednesday, September 04, 2013
BluMetric Signs Exclusive Agreement to Represent LG Water and Wastewater Treatment Membranes in Canada08:01 EDT Wednesday, September 04, 2013
OTTAWA, Sept. 4, 2013 /CNW/ -BluMetric Environmental Inc. (TSXV: BLM) is pleased to announce that the Company has signed an exclusive Agreement with LG Electronics (Seoul: 066570; London: LGLD) to represent the Korean multinational's product line of water and wastewater treatment membranes in Canada.
LG is a global leader in chemicals development & production, and brings this state-of-the-art expertise to the manufacture of the most advanced membrane technologies in the water industry. Unlike almost all other membrane manufacturers, LG is a world-renowned polymer chemistry center of excellence. LG's membrane product line thus has significant advantages over competitive treatment technologies, with superior membrane integrity, permeability, and design flexibility as well as reduced operating and maintenance costs.
"The up-front capital cost of water and wastewater treatment plants represents a fraction of the operating cost over the 25-year lifecycle of the facilities," said Dan Scroggins, Chief Technology Officer. "In an environment of increasingly tighter municipal budgets, BluMetric's ability to provide customers with LG's membrane product line offers significant operational and maintenance cost benefits. In particular, the LG membranes reduce the potential for fouling and lower the driving force required for treatment. This results in reduced energy consumption and cleaning requirements, and makes BluMetric's services even more appealing."
"This Agreement sets the stage for the commercialization of a range of advanced water and wastewater treatment system product lines using LG membranes," said BluMetric CEO William (Bill) Touzel. "This is a ground-breaking global opportunity for the Company, enabling us to introduce the next generation of Membrane Bioreactors (MBRs) for wastewater treatment as well as launch a new and cost-effective product line for drinking water systems."
"We are excited about the opportunity to work with BluMetric and have the Company represent our membrane product lines in Canada. We look forward to a rewarding business relationship with BluMetric, combining their on-the-ground expertise with our leading membrane technologies," said James Hotchkies, Head of International Business Development for LG Water Division.
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, focuses 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:
William (Bill) Touzel, CEO
Tel: (613) 839-3053 x241
Robin M. Sundstrom
IRonside Investor Relations
Tel: (647) 822- 8111