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Pure Technologies Ltd.

Address 300, 705 - 11th Avenue S.W., Calgary, AB, T2R 0E3, CA
Phone 855-280-7873
Fax 403-266-6570
Website puretechltd.com
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Canadian pipeline inspection division picking up speed in US market

Pure Technologies Ltd. announced today that its oil and gas pipeline integrity division, PureHM, has recently received purchase orders totalling over $3 million from U.S.-based pipeline companies for inspection work to be executed in the first half of 2017. PureHM believes this is an early indication of its U.S. expansion strategy which began in early 2015. This new work includes confirmation of containment surveys using the Company's proprietary SmartBall technology on major pipeline infrastructure connecting refineries in the U.S. Gulf Coast to communities throughout the South and Eastern United States. 

Pure Technologies expands inspection opportunities with acquisition

Pure Technologies Ltd. has entered into a definitive agreement to acquire the business and related assets of E-MAC Corrosion Inc., a provider of oil and gas pipeline inspection services, for consideration of $4.60 million, consisting of $3.45 million in cash and $1.15 million in restricted shares of Pure. Closing of the transaction is expected to occur early in 2017. For the financial year ended January 31, 2016, E-MAC generated revenue of $6.8 million and currently has 18 employees.