Pure Technologies Ltd. ("Pure") (TSX: PUR) announced today that Washington
Suburban Sanitary Commission ("WSSC"), Laurel, MD., has approved the award
of new work to Openaka (a division of Pure's Engineering Services Group) worth
up to US$17.2 million. The award consists of the exercise of an option to
extend a contract awarded to Openaka in January 2009 by US$9 million, and a
change order for US$8.2 million to extend the scope of inspection and
monitoring services from pipelines greater than 48" diameter to pipelines
greater than 36" diameter.
Under the contract, Openaka will provide inspection, condition assessment,
integrity monitoring and risk analysis services to assist WSSC in the
management of its prestressed pipelines. Technologies to be deployed under
the contract will include Pure's SmartBall® leak detection system,
PureRobotics® electromagnetic inspection system and SoundPrint® AFO optical
fiber acoustic monitoring system.
WSSC has approximately 350 miles of prestressed concrete pipelines greater
than 16" diameter in its system. To date, Openaka has inspected, and is
monitoring, approximately 60 miles of pipeline. The expansion of the contract
will extend the program to approximately 130 miles.
Commenting on the award, Mike Higgins, Vice President of Pure's Engineering
Services Group said: "The WSSC pipeline management program is one of the
most advanced asset integrity management programs anywhere in the world.
WSSC is using technology-driven solutions to extend the life of its critical
transmission mains at a fraction of the cost of replacement of the assets. At a
time when water and wastewater utilities are faced with increasing challenges
maintaining aging infrastructure under severe budgetary constraints, this
program serves as a model for responsible fiscal management. The expansion
of the program is validation of this strategy and we are proud to work with
WSSC on its execution."
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 Corp., Price Brothers UK Ltd, and Jason Consultants).
Suburban Sanitary Commission ("WSSC"), Laurel, MD., has approved the award
of new work to Openaka (a division of Pure's Engineering Services Group) worth
up to US$17.2 million. The award consists of the exercise of an option to
extend a contract awarded to Openaka in January 2009 by US$9 million, and a
change order for US$8.2 million to extend the scope of inspection and
monitoring services from pipelines greater than 48" diameter to pipelines
greater than 36" diameter.
Under the contract, Openaka will provide inspection, condition assessment,
integrity monitoring and risk analysis services to assist WSSC in the
management of its prestressed pipelines. Technologies to be deployed under
the contract will include Pure's SmartBall® leak detection system,
PureRobotics® electromagnetic inspection system and SoundPrint® AFO optical
fiber acoustic monitoring system.
WSSC has approximately 350 miles of prestressed concrete pipelines greater
than 16" diameter in its system. To date, Openaka has inspected, and is
monitoring, approximately 60 miles of pipeline. The expansion of the contract
will extend the program to approximately 130 miles.
Commenting on the award, Mike Higgins, Vice President of Pure's Engineering
Services Group said: "The WSSC pipeline management program is one of the
most advanced asset integrity management programs anywhere in the world.
WSSC is using technology-driven solutions to extend the life of its critical
transmission mains at a fraction of the cost of replacement of the assets. At a
time when water and wastewater utilities are faced with increasing challenges
maintaining aging infrastructure under severe budgetary constraints, this
program serves as a model for responsible fiscal management. The expansion
of the program is validation of this strategy and we are proud to work with
WSSC on its execution."
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 Corp., Price Brothers UK Ltd, and Jason Consultants).
