PURE TECHNOLOGIES ANNOUNCES NEW US$8.5 MILLION CONTRACT
17 Enero 2011 - 5:00AM
PR Newswire (Canada)
CALGARY, Jan. 17 /CNW/ -- CALGARY, Jan. 17 /CNW/ - Pure
Technologies Ltd. ("Pure") (TSX-V: PUR) is pleased to announce that
Dallas City Council has authorized the award of a three-year
service contract worth up to US$8.5 million to Pure's wholly-owned
subsidiaries, Pure Technologies U.S. Inc. and Pressure Pipe
Inspection Company (USA) Inc. Under the contract, Pure will provide
leak detection, electromagnetic inspection and other condition
assessment services for Dallas Water Utilities (DWU), which
services 2.4 million customers in Dallas, Texas and nearby
communities. DWU maintains more than 5,000 miles of water mains and
4,300 miles of wastewater collection pipelines, making it one of
the largest pipeline networks in the U.S. This service
agreement builds on a leak detection and condition assessment
program that commenced in 2004. Under the initial program,
condition assessment and leak surveys of pipelines resulted in
substantial water savings and avoided pre-mature failure of
pipelines. The non-destructive leak detection surveying and
condition assessment services provided by Pure allow DWU to
maintain optimum productivity and system reliability by reducing
downtime and inspection time. Additionally, this service
agreement enables DWU to monitor pipeline conditions effectively,
and plan and coordinate maintenance projects. 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/January2011/17/c2831.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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