For Immediate Release
January 27, 2012 Calgary, Alberta
Pure Technologies Ltd. ("Pure") (TSX: PUR) announced today
that the Board of County Commissioners of Miami-Dade
Water and Sewer Department ("WASD") has approved a
contract worth approximately US$5.8 million for Pure's
wholly-owned subsidiary, Pure Technologies US Inc.("Pure
US"), to provide pipeline inspections and monitoring
for WASD.
Under the contract, Pure will provide inspection and
acoustic fibre-optic monitoring ("AFO") of WASD's water and
wastewater systems comprised of prestressed concrete
cylinder pipes ("PCCP"). The inspection and
monitoring services will utilize a range of Pure's patented
technologies including PipeDiver®, SmartBall® and
SoundPrint® AFO.
The head office of Pure U.S., located in Colombia,
Maryland, has enjoyed a successful relationship with WASD
since 2010. Pure U.S. has also recently established
an office in Miami-Dade.
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).
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).
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 investor.relations@puretechltd.com.
® Registered Trademarks, property of Pure Technologies
Ltd.
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