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Pure Technologies announces contract extension worth approximately $4 million

^{Published on 2011-07-13 15:40:19 - Market Wire}
 

CALGARY, July 13, 2011 /CNW/ - Pure Technologies Ltd., ("Pure" or the "Company") (TSX: PUR) announced today that it has been awarded a contract extension worth approximately $4 million to supply monitoring and technical support to the San Diego County Water Authority (SDCWA).

This contract builds on the work which initially commenced in 2005 when Pure was retained by the SDCWA to install a temporary acoustic monitoring system in sections of the Water Authority's prestressed concrete cylinder pipe (PCCP).  The success of the initial monitoring program led to an expanded program in 2006 with the installation of the newly developed acoustic fiber optic (AFO) monitoring system.  Today, there are seven AFO systems in place monitoring just over 50 miles of PCCP.

The SDCWA has over 250 miles of critical large diameter pipelines that provide up to 95 percent of the water to the San Diego County's population of three million people. In order to provide a safe and reliable supply of water to San Diego County, the Water Authority implemented the Aqueduct Protection Program (APP) in 1992.  Part of the program consists of developing and researching new non-invasive/non-destructive inspection procedures to determine the condition of existing PCCP; AFO is a vital part of this proactive condition assessment program.

The SDCWA is considered an industry leader in proactive management of PCCP pipelines; the rapid acceptance and deployment of the AFO technology has provided the Water Authority with the ability to track the deterioration rate of the pipelines in close to real time.  Furthermore, the information provided by the AFO system coupled with previous inspection data has allowed the SDCWA an improved cost-effective approach to managing their PCCP inventory.

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 inspection, leak detection and condition assessment (P-Wave®, SmartBall®, Sahara®, PipeDiver™, PureRobotics™);
• Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure (Openaka, Price Brothers UK Ltd, and Jason Consultants).

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 ]).

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