Business
BIOREM announces $500,000 in new industrial orders
GUELPH, ON, June 19 /CNW/ - BIOREM Inc. (TSXV:BRM) is pleased to announce the receipt of two new ...
About this update from Biorem Inc.
[{"type":"text","content":"\n\n\n\nGUELPH, ON, June 19 /CNW/ - BIOREM Inc. (TSXV:BRM) is pleased to announce\nthe receipt of two new industrial orders in the United States totaling nearly\n$500,000. These Order Bookings represent a growing segment of BIOREM's\nbusiness in non-municipal markets. The Company's investment in sales\ninfrastructure and product development is yielding results as industrial Order\nBookings are $1.3 million for year-to-date 2008 compared against $240,000 for\nthe same period in 2007.\n\n\n"The performance advantages due to our research and development efforts\ncoupled with rapidly increasing costs related to competing technologies of\ncarbon absorption, thermal oxidation and chemical scrubber has opened the door\nfor biological treatment of industrial air pollution." said Peter Bruijns,\nPresident and CEO. "Payback of our systems of less than two years is now\npossible in certain applications versus these older technologies."\n\n\nAbout BIOREM Inc.\n\n\nBIOREM manufactures Biosorbens(R) biofilter media and is a leading\nsupplier of biofilters for air pollution control in municipal and industrial\napplications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling\nfilters. With over 500 installed systems and over a decade of experience, the\nCompany's products are the technology of choice for odor control at waste\nwater treatment plants across North America. Additional information on BIOREM\nis also available at our web site at www.biorem.biz.\n\n\n-------------------------------------------------------------------------\n\n\nForward-Looking Statements\n\n\nThis press release contains forward-looking statements based on current\nexpectations. These forward-looking statements contain various risks and\nuncertainties that could cause actual results to differ materially from those\nreflected in the forward-looking statements. Risks and uncertainties about the\nCompany's business are more fully discussed in the disclosure materials,\nfinancial statements and MD&A filed with the securities regulatory authorities\nin Canada on www.sedar.com.\n\n\nNon-GAAP Measures\n\n\nOrder Bookings and Order Backlog are non-GAAP measures that the Company\nuses to evaluate its sales performance. Order Bookings are those binding\ncontracts that the Company enters into with a third party for the delivery of\nour product...