BluMetric awarded standing offer contract with Canadian Navy valued at up to $11.5 million
OTTAWA, Nov. 26, 2012 /CNW/ – BluMetric Environmental Inc. (TSXV: BLM)
(“BluMetric” or the “Company”), an integrated product and service
organization providing intelligent solutions to complex environmental
problems in Canada and abroad, is pleased to announce that the
Department of National Defence has awarded a Contract to the Company
valued at up to $11.5 million. BluMetric was selected to provide
Repair and Overhaul Services, Engineering support and Field Service
support for the Canadian Navy’s Shipboard Reverse Osmosis Desalination
(SROD) systems for up to 5 years.
“Our work with the Canadian Forces is an excellent opportunity to
highlight our expertise in the highly technical water treatment field,
and provides us with additional base business in a growing
international market” said Harry Marshall, President of the BluMetric
Water and Wastewater division.
The Contract is for a three-year period totalling $6.9 million with two
possible one-year extensions of up to $ 2.3 million each year. The
total potential value of the five-year Contract is $11.5 million. The
final amount spent in any given year is at DND’s discretion, such
amount varying according to the Navy’s needs. The Contract process
provides the Canadian Forces with immediate response and support to
their equipment requirements. The Company has been awarded similar
Contracts by DND in the past, including for the equipment in this new
Contract and for the Army’s Reverse Osmosis Water Purification Units
The Canadian Navy operates around the world under demanding conditions.
Each frigate has a starboard and port SROD that produces drinking water
and general-purpose water for the ship. The Canadian Navy’s water
standards are extremely high, and it is essential that during
deployments a reliable supply of high quality water is available. The
SRODs are based on Reverse Osmosis (RO) technology and require repair
and overhaul on a periodic basis.
BluMetric is an integrated product and service organization providing
intelligent solutions to complex environmental problems in Canada and
abroad. The Company serves clients in many industrial sectors, and at
all levels of government, both domestically and internationally.
BluMetric operates through two divisions:
-- a professional services division focussed on environmental earth sciences and engineering, contaminated site remediation, water resource management, industrial hygiene, occupational health & safety, and renewable energy. This division operates under the names "WESA", "Envir-Eau", and "OEL-HydroSys". -- a water & wastewater division providing both design-build and pre-engineered product solutions to clients' water and wastewater treatment needs. This division operates under the names "WESAtech" and "Seprotech".
More information can be obtained at www.blumetric.ca
This news release contains certain “forward-looking statements” within
the meaning of applicable securities laws. Readers are cautioned that
the plans, intentions or expectations disclosed in any forward-looking
statements, and the underlying assumptions may not be achieved and that
readers should not place undue reliance on any forward-looking
statement, each of which is expressly qualified in its entirety by this
cautionary statement. Although BluMetric believes that the
expectations conveyed by the forward-looking information are reasonable
based on information currently available to it, these statements are
not guarantees and involve a number of risks and uncertainties, both
known and unknown, and assumptions. The results or events depicted in
these forward-looking statements may differ materially from actual
results or events. Many factors could cause results to differ
materially from those stated, including the ability of BluMetric to
retain existing customer contracts; risks related to integration upon
the completion of the Transaction; and the ability to retain and obtain
qualified staff as well as various other factors which are discussed in
filings with applicable securities regulatory authorities at www.sedar.com . Any forward-looking statement speaks only as of the date of this
news release and, except as may be required by applicable securities
laws, BluMetric disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
The TSX.V has in no way passed upon the merits of the Transaction, and neither TSX.V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX.V) accepts responsibility
for the adequacy or accuracy of this release. The TSX.V has neither
approved nor disapproved of the information contained herein.
SOURCE BluMetric Environmental Inc.