Business
Seprotech Lands Military Standing Offer Contract: Agreement Worth Up To $14 Million
Jun. 24, 2011 (Canada NewsWire Group) -- OTTAWA, June 24, 2011 /CNW/ - Seprotech Systems Inc...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"\n\n\n Jun. 24, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nOTTAWA, June 24, 2011 /CNW/ - Seprotech Systems Incorporated (TSX-V: SET; "Seprotech" or the "Company") is pleased to announce that\n the Canadian Department of National Defence ("DND") has selected\n Seprotech to support two classes of water purification systems with\n Repair and Overhaul Services, Engineering support and Field Service\n support.\n\n\n"We are very pleased to have been awarded this renewal of the Standing\n Offer Agreement and to be able to offer the high standard of work\n expected by the Canadian military," said Jordan Grant, Chairman and CEO\n of Seprotech.\n\n\nThe Standing Offer is for a 2 year period with three 1-year extensions\n estimated at $ 2.8 Million per year. The estimated total value of the\n five year standing offer is $14,000,000. The final amount spent in any\n given year, is at DND's discretion, such amount varying according to\n military needs. The standing offer process provides the Canadian Forces\n with immediate response and support to their equipment requirements.\n Seprotech has been awarded similar Standing Offers from DND in the past\n including the equipment in this new Standing Offer.\n\n\n"This multi-year contract provides the Company with a stable steady\n state business on which to build our growth strategy and return the\n business to its pre-recession growth trajectory," continued Mr. Grant.\n "One component o...