PURE TECHNOLOGIES PROVIDES UPDATE ON LIBYAN OPERATIONS
22 Febrero 2011 - 11:26AM
PR Newswire (Canada)
CALGARY, Feb. 22 /CNW/ -- CALGARY, Feb. 22 /CNW/ - Pure
Technologies Ltd., ("Pure") (TSXV: PUR) released today an update on
the current status of its operations in Libya in light of recent
developments in the region. Pure is in direct communication with
all of its personnel, who are currently safe and secure. Pure is
organizing evacuations of some of its staff. The Great
Man-Made River Project (GMRP) provides drinking water to much of
the country including Benghazi and Tripoli. The sections of
the pipeline where Pure's monitoring systems are installed continue
to operate. Pure is working with GMRP management to maintain
the pipeline monitoring system. "Pure's monitoring systems are
critical to the long-term integrity of the pipeline and we will
continue to work with GMRP management to maintain the system and to
ensure the safety of our staff", said Jack Elliott,
President. "We have been the sole provider of pipeline
monitoring for the project since 2000, and therefore have an
established relationship with project management. We will
continue to evaluate the situation and will provide additional
updates should the need arise." 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/February2011/22/c4896.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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