Pure Technologies Ltd. announces pending patent litigation
January 05, 2005 (12:24:59 PM ET) | Calgary
Pure Technologies Ltd., TSX-V: PUR, announces that it has filed an action for patent infringement against the Pressure Pipe Inspection Company Ltd. of Mississauga, Ontario and the Pressure Pipe Inspection Company (USA) Inc. The action has been filed in the United States District Court for the Eastern District of Pennsylvania and relates to patents issued by the United States Patent Office for Pure's P-Wave(R) electromagnetic pipe inspection technology on August 25, 2004 and September 14, 2004.
P-Wave(R) is a non-destructive inspection technique for determining the condition of prestressed concrete pipelines. It is complementary to Pure's patented SoundPrint(R) acoustic monitoring technology. Both products are part of a comprehensive risk assessment and asset management service offered by Pure and used by water agencies in North America and overseas.
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 (Openaka Corp., 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).
To find out more about Pure Technologies Ltd. (TSX: PUR), visit our website at www.puretechltd.com. Or contact James E. Paulson, Chairman, Karen Keebler, Chief Financial Officer or Paul Moon, Investor Relations Manager at (403) 266-6794 or e-mail to investor.relations@puretechltd.com.
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