Pure Technologies Adds to Fibre-Optic Water Pipeline Monitoring System in Mexico - WTVM.com-Columbus, GA News Weather & Sports

Pure Technologies Adds to Fibre-Optic Water Pipeline Monitoring System in Mexico

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Pure Technologies Ltd.

CALGARY, July 16, 2014 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) is pleased to announce that its subsidiary, Pure Inspection Technologies Mexico, S.A. de C.V., has been awarded new work in Cutzamala, Mexico worth approximately $5 million. The new work is scheduled to be completed within the fourth quarter of this year.

Under the terms of the new contract, Pure will supply, install and commission its proprietary SoundPrint® Acoustic Fiber-Optic ("AFO") monitoring system on a portion of a major water pipeline delivering drinking water to over 5 million people in Mexico City. The new installation work represents the final phase of multi-year program and adds to previously installed AFO equipment by the Company starting in 2010. Upon completion, Pure will continuously monitor approximately 150 kilometers of pipeline on this major water system, making it the Company's largest monitoring program on a single water system within the Americas.

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 pipeline inspection, leak detection and condition assessment (PureEM™, SmartBall®, Sahara®, PipeDiver®, PureRobotics®; PureMFL™;
  • Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure.

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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release"

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.