CALGARY, Jan. 8, 2013 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company")
(TSX: PUR) announced today that it has been awarded new work in India and the
Middle East. Following the acquisition of the business of Specialized
Technical Services Est. (Abu Dhabi) in early 2011, Pure has been actively
pursuing new work in the surrounding region with its full range of services
for the inspection and management of water and oil & gas pipelines.
The new work, related primarily to water pipelines, utilizes a number of
Pure's proprietary technologies and condition assessment services including
SmartBall® leak detection technology and robotic inspection. The work will be
performed for a number of new clients located in India, Saudi Arabia and the
United Arab Emirates. In aggregate, the contract value of these projects is
approximately $1.4 million and the work is expected to be completed in the
first quarter of 2013.
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
-- 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
(P-Wave®, SmartBall®, Sahara®, PipeDiver®,
-- 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).
® Registered Trademarks, property of Pure Technologies Ltd.
"The TSX has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release"
To find out more about Pure Technologies Ltd. (TSX: PUR), visit our website
atwww.puretechltd.com. Or contact James E. Paulson, Chairman, Karen
Keebler, Chief Financial Officer or Paul Moon, Investor Relations Manager at
(403) 266-6794 or e-mail email@example.com.
SOURCE: Pure Technologies Ltd.
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