Seprotech Awarded New Contracts Valued at $1,025,000.00
August 15 2011 - 9:19AM
PR Newswire (Canada)
OTTAWA, Aug. 15, 2011 /CNW/ -- OTTAWA, Aug. 15, 2011 /CNW/ -
Seprotech Systems Incorporated (TSX-V: SET; "Seprotech" or the
"Company") has been awarded several new contracts with an aggregate
value of approximately $1,025,000.00. "Two of the new projects are
in the water treatment sector and are strategically important to
Seprotech," said Jordan Grant, Chairman & CEO of Seprotech. "In
recent years, the Company had focused its drinking water treatment
capabilities solely on the military market. We recently hired a new
Sales Manager to broaden the marketing of potable water systems
into the municipal-developer sector to whom we are already selling
our package sewage treatment systems. We are pleased to see early
successes from this initiative," continued Mr. Grant. "The
additional contracts are for a wastewater treatment solution in a
private development and the retrofit of a municipal wastewater
treatment facility." "With our other recently-announced contracts,
over the last two months the Company has been awarded projects in
all sales sectors including military, mining, municipal water and
wastewater treatment. This is a significant milestone in our
turnaround plan. With a strong and expanding proprietary technology
base, Seprotech is well positioned for growth in each of these
markets," concluded Mr. Grant. About Seprotech: Seprotech is a
provider of pre-engineered water and wastewater treatment solutions
to the municipal/land development, resource sector and military
market place, including Reverse Osmosis water purification systems,
ROTORDISK® biological sewage treatment package plants and
CrystalBlue™ membrane-based water recycling systems. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The
TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements in this press
release, including those relating to the Company's strategies and
other statements that are predictive in nature, that depend upon or
refer to future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions, are forward-looking statements
within the meaning of securities laws. Forward-looking statements
include, without limitation, the information concerning possible or
assumed future results of operations of the Company. These
statements are not historical facts but instead represent only the
Company's expectations, estimates and projections regarding future
events. The Company does not undertake any obligation to update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/15/c3726.html
p Mr. Ian W. Malone, CFObr/ Tel: (613) 523-1641br/ Fax: (613)
731-0851 /p
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