CALGARY, July 17, 2013 /CNW/ - Pure Technologies Ltd. ("Pure" or the
"Company") (TSX: PUR) announced today that its wholly-owned subsidiary, Pure
Technologies US Inc.("Pure U.S."), has been awarded new work worth
approximately US$4.8 million by the Board of County Commissioners of
Miami-Dade Water and Sewer Department ("WASD").
Pure U.S. will provide inspection and monitoring services on a portion of
WASD's water and wastewater system comprised of prestressed concrete cylinder
pipes. The inspection and monitoring services will utilize a range of Pure's
patented leak detection and condition assessment technologies including its
PipeDiver®, SmartBall® and SoundPrint® Acoustic Fibre-Optic monitoring
The new work is expected to commence in the fourth quarter of 2013 and is for
a period of approximately one year.
Prior announced work for WASD can be found here:
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
(PureEM™, 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
® 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 at (403) 266-6794 or
SOURCE: Pure Technologies Ltd.
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-0- Jul/17/2013 13:00 GMT
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