Business
BIOREM continues with orders in large-scale biotricklers
GUELPH, ON, July 3 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today the receipt of a $800,000 order...
About this update from Biorem Inc.
[{"type":"text","content":"\n\n\n\nGUELPH, ON, July 3 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today the\nreceipt of a $800,000 order for a municipal odor control system in the\nSouthwest U.S.A. This contract is the second large-scale Mytilus(R) system to\nbe won by BIOREM this year. This further substantiates the Company's\ncredibility in the large-scale biotrickler marketplace.\n\n\nThe Company's Order Bookings to date for this year total close to \n$10 million, which is a 59% increase over the comparable period in 2007 of\n$6.1 million.\n\n\n"This project will treat 20,000 cubic feet per minute of odorous air.\nWith this order, biotrickling filters are becoming a significant component of\nour business," said Peter Bruijns, President and CEO. "The expansion of our\nproduct line provides a significant contribution in achieving our growth\ntargets."\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 products or services. As Order Bookings are received, the contract value\n(before any associated sales taxes) i...