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Pure Technologies Ltd. Announces Acquisition of Jason Consultants

^{Published on 2009-08-12 13:09:17, Last Modified on 2009-08-12 13:09:27 - Market Wire}
 

 CALGARY, Aug. 12 /CNW/ - Pure Technologies Ltd., TSX-V: PUR, announced today that it entered into an agreement in principle to purchase the operating subsidiaries of Jason Consultants Group Ltd. ("Jason"). Jason is a specialist consultancy focused on underground infrastructure engineering and technology. The transaction is expected to close within the next month, subject to the execution of a sale and purchase agreement. Founded in 1979, Jason provides its clients with world-class expertise in the inspection, assessment and rehabilitation of water and wastewater pipelines; trenchless technology; and related underground infrastructure fields. Jason has been recognized every year since 2002 as one of the Top 50 Design Firms in this sector by Trenchless Technology Magazine. More information on Jason's services and capabilities can be found at [ www.jasonconsult.com ]. Jason has offices in London, Geneva, and Washington D.C. The Principals of Jason, Dr. Dec Downey, Mr. Robert Morrison and Mr. Thomas Sangster, are recognized experts in the field of buried infrastructure assessment and rehabilitation. Dr. Downey is currently Chairman of the International Society for Trenchless Technology. All of the Principals are committed to contributing to the future growth of the business with financial, marketing and management support from Pure. The business will continue to operate as Jason Consultants Group, and together with Price Brothers (U.K.) Ltd. and Openaka Inc., will form part of Pure's specialist engineering services group. Commenting on this development, Jack Elliott, Pure's President, said: "The acquisition of Jason Consultants Group is consistent with our previously-announced strategy of growing our specialist engineering services business to complement our technology and technical services activities. The acquisition of Openaka in 2006 helped us to grow our business significantly in the prestressed pipe sector. However prestressed pipe accounts for only a small percentage of the total water and wastewater pipeline infrastructure in North America, and we expect that Jason will help us to access the broader market for inspection and assessment of pipelines constructed from ferrous and other materials. Jason is particularly strong in the wastewater sector, an area where Pure has had limited exposure but where we see tremendous opportunities. Furthermore, we believe that Jason's international reputation and activities will help to generate opportunities for our inspection and monitoring technologies in overseas markets." Tom Sangster, Principal of Jason Consultants, said: "Jason Consultants has worked successfully alongside Pure in several inspection and assessment projects and this acquisition will enable us to strengthen our co-operation and to pursue growth more aggressively. Our strengths complement those of Pure and Openaka and we look forward to seizing the opportunities that we can generate together." About Pure Technologies Ltd. Pure Technologies Ltd. is an international technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world. Pure operates from its headquarters in Calgary, Canada and through subsidiaries in Maryland, New Jersey, and the UK. Pure's proprietary product portfolio includes SoundPrint(R), a continuous acoustic structural monitoring system for buildings, bridges and structures; SoundPrint(R) AFO, a fiber-optic distributed acoustic sensing system for monitoring and surveillance of pipelines; and SmartBall(R), a revolutionary new leak detection technology for water, wastewater and hydrocarbon pipelines. 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 ]). (R) 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" %SEDAR: 00006060E 

For further information: To find out more about Pure Technologies Ltd. (TSX-V: PUR), visit our website at [ www.puretechnologiesltd.com ]. Or contact James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403) 266-6794 or e-mail to: [ info@puretechnologiesltd.com ]