PURE TECHNOLOGIES ANNOUNCES NEW CONTRACT
24 Septembre 2010 - 12:00PM
PR Newswire (Canada)
CALGARY, Sept. 24 /CNW/ -- CALGARY, Sept. 24 /CNW/ - Pure
Technologies Ltd. (TSX-V: PUR) today announced that its subsidiary,
the Pressure Pipe Inspection Company (PPIC), has been awarded a
contract with the Hong Kong Water Supplies Department worth
approximately US $1.3 million. Services in this contract include
the use of Sahara(R) tethered inline condition assessment of water
pipelines for approximately a five month period. Sahara technology
will be used for leak detection, video inspection, and pipe wall
thickness measurement of 128 sections of pipe. The project will be
managed by Pure Technologies China Ltd. "Building on the success of
a previous Sahara inspection in Hong Kong, this project
demonstrates our continued presence in the region," said David Roy,
Director of International Development. "We believe that our
condition assessment work in Hong Kong will serve to open doors in
other valuable regions within China." 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(R), SoundPrint(R) 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(R),
SmartBall(R), Sahara(R), PipeDiver(TM), PureRobotics(TM)); -
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). (R) 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" %SEDAR: 00006060E To find out more about
Pure Technologies Ltd. (TSX-V: PUR), visit our website at
www.puretechnologiesltd.com. Or contact James E. Paulson, Chairman
or Karen Keebler, Chief Financial Officer at (403) 266-6794 or
e-mail to info@puretechnologiesltd.com.
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