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BIOREM Announces Orders Totalling $8 Million and Order Backlog of $60.5 Million
BIOREM Announces Orders Totalling $8 Million and Order Backlog of $60.5 Million Canada ...
About this update from Biorem Inc.
[{"type":"text","content":"\n\n\n\n BIOREM Announces Orders Totalling $8 Million and Order Backlog of $60.5 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n GUELPH, ON\n \n\n ,\n \n\n Feb. 11, 2025\n \n\n /CNW/ - BIOREM Inc. (TSXV: BRM) (\"Biorem\" or \"the Company\") today announced it has received several new orders totalling more than\n \n $8 million\n \n . The orders will see BIOREM implement its leading-edge air emission abatement technologies for a range of new and repeat clients in various locations across\n \n Asia\n \n and the Americas.\n \n\n \"Amid all of the trade uncertainties of recent weeks, the new year has started with robust sales and bidding activity\" said\n \n Derek S. Webb\n \n , President and Chief Executive Officer. \"Our backlog continues to grow; driven largely by the new products and services we have introduced over the past few years. Delivery and performance have exceeded customer expectations, and we are beginning to see increased demand as a result.\"\n \n\n \"A good mix of infrastructure and industrial applications make up the bulk of the new orders,\" added Webb, \"As cities continue to grow, this is driving demand for our technologies. While we expect that there will be some short-term volatility, we see a strong, long-term market for our world class solutions.\"\n \n\n BIOREM management has done a thorough analysis of the company's global supply chains and does not expect that potential tariffs in\n \n North America\n \n will have any material impact on the operations or financial performance of the Company. In the short term, there may be some cost increases for work in progress but over the long term, any tariffs that are imposed are expected to raise costs for the entire emissions abatement sector across\n \n North America\n \n .\n \n\n BIOREM is well positioned to weather such uncertainty, with a diverse supply chain across\n \n North America\n \n and several other countries. The Company has separately incorporated divisions in both\n \n Canada\n \n and the US, which helps mitigate the risks of tariffs or any other ...