PURE TECHNOLOGIES HOSTS INTERNATIONAL FORUM
August 13, 2008 (2:00) | Calgary
PURE TECHNOLOGIES LTD., TSX-V: PUR, a world leader in the development and application of innovative technologies for inspection, monitoring, and management of physical infrastructure, recently hosted an international workshop on Asset Management and Loss Prevention Strategies for Buried Pipelines. Over seventy-five participants from nine countries representing water agencies, consultants, and oil and gas pipeline operators attended the two-day workshop, which was held in Calgary Canada, where Pure’s corporate offices are located.
“This is the third time we have hosted this conference, and the first year that we have included an oil and gas component. The impetus behind the event has always been to gather industry leaders to provide a platform to share, network, and learn about best practice and technology advances in pipeline assessment and management. We also use these events to showcase our technologies, to discuss research in progress and to solicit input from customers to identify technology needs. We have received many compliments from those who attended. Apart from the technical content and hospitality, many of the delegates commented on the quality of our people, which was apparent from the success of the various demonstrations and presentations made by our staff.” said Jack Elliott, COO for Pure Technologies.
Workshop topics included the presentation of various case studies including condition assessment and monitoring projects undertaken by the City of Calgary, San Diego County Water Authority, City of Montreal and The Great Man-Made River Authority. Field demonstrations of Pure’s latest innovations for pipeline condition assessment including leak detection; structural acoustic monitoring and monitoring for third-party damage were also conducted.
A panel discussion of industry experts was facilitated by Dr. Sam Ariaratnam, Professor, Dell Webb School of Construction at Arizona State University. The session’s topic focused on the challenges facing owners in budgeting condition assessment programs and also explored the importance of partnering with technology companies to develop tools to better assess critical infrastructure.
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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