Press release from CNW Group
Pure Technologies Awarded New Baltimore County Engineering Services Contract
Monday, January 27, 2014
Pure Technologies Awarded New Baltimore County Engineering Services Contract09:00 EST Monday, January 27, 2014
CALGARY, Jan. 27, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce that its wholly-owned subsidiary, Pure Engineering Services Inc., has been awarded a new engineering services contract by the Baltimore County Department of Public Works ("DPW"), Maryland. The contract is valued at up to USD$2 million over a two year period with an option to renew for an additional two years.
Under the contract, Pure will provide inspection, condition assessment and risk evaluation services for DPW's large-diameter, prestressed concrete cylinder pipes on an on-call basis. The technologies to be utilized during the contract period include the Company's patented PipeDiver® and PureRobotics® inspection platforms, among others.
The Company has been working with DPW in a sewer force main (pressurised sewer pipeline) assessment program since 2011. Further information on prior work can be found using the following link:
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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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 email@example.com.