GUELPH, ON, Nov. 22, 2013 /PRNewswire/ - BIOREM Inc.
(TSXV:BRM) ("Biorem" or "the Company") today announced two new
orders totalling $1.0 million, which
are in addition to the $1.9 million
in new orders announced in October. The larger order is an
industrial odour and VOC (Volatile Organic Compounds) control
system in Europe and represents
the 7th repeat order for this growing multinational
client. The second order is an odour control system for a waste
water treatment plant in the United
States.
"Biorem now has multiple biological solutions for the removal of
contaminants from industrial air sources," said Peter Bruijns, President and CEO. "With both
Biofilter and Biotrickling filter configurations available, we have
increased the number of VOC applications that are treatable using
our clean technology solutions. Our growing list of global
industrial installations reflects the success of our
diversification effort and the future potential for the industrial
emissions market."
Biorem additionally announced today that it has not come to
agreement on satisfactory payment terms with a Chinese State Owned
Enterprise (SOE) for a $2.8 million
project located in Southeast Asia
and has removed the project from its backlog for the time
being.
"We have taken a position that on material international orders
where risk of non-payment is a significant issue, we must ensure
that satisfactory security, such as Letters of Credit are in
place," said Peter Bruijns,
President and CEO, "Being experienced in Asia, we are aware of the commercial risks and
are satisfied this approach is in the best interests of the
company."
VOCs are significant contributors to poor outdoor air quality
in developed urban centers and many of these contaminants are
considered either or both carcinogenic to humans and contributors
to greenhouse gases. For more general information on VOCs
please follow the link:
http://en.wikipedia.org/wiki/Volatile_organic_compound
About BIOREM Inc.
BIOREM is a leading clean technology company that designs,
manufactures and distributes a comprehensive line of
high-efficiency air emissions control systems used to eliminate
odors, volatile organic compounds (VOCs), and hazardous air
pollutants (HAPs). With sales and manufacturing offices across the
continent, a dedicated research facility, a worldwide sales
representative network and more than 800 installed systems
worldwide, BIOREM offers state-of-the-art technology-based products
and peace of mind for municipalities, industrial companies and
their surrounding communities. Additional information on BIOREM is
available on our website at www.biorem.biz.
SOURCE Biorem Inc.
