PURE TECHNOLOGIES ANNOUNCES OVER $4 MILLION IN NEW WORK
March 07 2011 - 5:00AM
PR Newswire (Canada)
CALGARY, March 7 /CNW/ -- CALGARY, March 7 /CNW/ - Pure
Technologies Ltd., ("Pure") (TSXV: PUR) is pleased to announce
today it has recently been awarded new work in Canada and the U.S.
for a combined value of over $4 million. Technologies and services
provided by Pure as part of these new projects include
electromagnetic assessment of prestressed concrete cylinder pipe
(PCCP); robotically-assisted video inspections; leak detection
surveys utilizing SmartBall(®); and professional engineering
services by Jason Consultants LLC, a wholly-owned subsidiary of
PureService Inc. Canada and the U.S. remain strong areas of growth
for the company. This new work demonstrates the growing
interest by water and wastewater utilities in Pure's asset
management technologies and services. Specifically, utilities
in North America are faced with aging infrastructure and therefore
need to maximize the life of these assets; Pure is one of the few
companies worldwide that is able to fulfill this need. 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 revenue from data analysis and site maintenance for
these technologies, and from technology licensing; -- Premium
technical services including inspection, leak detection and
condition assessment (P-Wave®, SmartBall®, Sahara®, PipeDiver™,
PureRobotics™); -- Specialized engineering services in 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).
Forward-Looking Statements 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). ® Registered
Trademarks, property of Pure Technologies Ltd. "The TSX Venture
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release" To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/07/c8308.html
pTo find out more about Pure Technologies Ltd. (TSX-V: PUR), visit
our website at a
href="http://www.puretechnologiesltd.com/"www.puretechnologiesltd.com/a.
Or contact James E. Paulson, Chairman or Karen Keebler, Chief
Financial Officer at (403) 266-6794 or e-mail to a
href="mailto:info@puretechnologiesltd.com"info@puretechnologiesltd.com/a./p
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