Pure Technologies awarded new work in Canada and the U.S.
Tuesday, Jan 08, 2013
CALGARY, Jan. 2, 2013 /CNW/ - Pure Technologies Ltd. ("Pure" or the "Company") (TSX: PUR) announced today that it has been awarded new work in Canada and the U.S. encompassing the full range of Pure's services including pipeline inspection, leak detection, condition assessment and specialized engineering services for water pipelines.
The Company's wholly-owned subsidiary, Pure Technologies U.S. Inc., has been awarded new work by the Louisville Water Company ("LWC" or the "Client"), Kentucky, USA, to provide electromagnetic inspection and leak detection services for large-diameter water mains in a multi-year program. The contract is for one-year, with four possible option years, and valued up to $10.2 million over the full period. For 2013, Pure expects revenue from this contract to be approximately $1.7 million.
LWC and Pure have been working together since 2009 as part of the Client's 10-year plan to assess all large-diameter water mains in their system. The Louisville Water Company provides drinking water to approximately 850,000 people in the Louisville Metro area, and parts of neighbouring counties, through a network of over 4,000 miles of water mains. Previous work performed by Pure included an inspection of a live 60-inch water transmission main. More details (with video) of this 2011 inspection can be found using the link:
http://www.puretechltd.com/
Pure has also been awarded new work with The Regional Municipality of York ("York Region"), Ontario, Canada, to provide condition assessment and project management services for a critical water main providing drinking water to the Region. The technologies to be utilized during the assessment include Pure's patented SmartBall® and PipeDiver® technologies; project management will be administered by Pure Engineering Services. The work is expected to be completed by the third quarter of 2013 and the contract is valued at approximately $1.2
million.
SOURCE Pure Technologies Ltd.
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