GUELPH, ON, Sept. 8 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today a series of new international orders from China, South Africa, Mexico, Jordan and Peru totalling $1,409,000. The systems cover the entire range of product solutions offered by Biorem for odor control.
"We have developed our product lines over the past years to provide our customers with the complete breadth of odor control solutions. These orders consist of a Biofiltair, Mytilus biotrickling filter and our Pentpack solutions", said Peter Bruijns, President and CEO.
The Company's clean technology offerings continue to create Bookings opportunities domestically and abroad. Mr. Bruijns stated, "Our investment in marketing and sales resources has had a positive effect on our international representative networks, which has built a promising global pipeline and Backlog."
About BIOREM Inc.
BIOREM manufactures Biosorbens(R) biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling filters. With over 500 installed systems and over a decade of experience, the Company's products are the technology of choice for odor control at waste water treatment plants across North America. Additional information on BIOREM is also available at our web site at www.biorem.biz.
Forward-Looking Statements
This press release contains forward-looking statements based on current expectations. These forward-looking statements contain various risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in the disclosure materials, financial statements and MD&A filed with the securities regulatory authorities in Canada on www.sedar.com
Non-GAAP Measures
"Order Bookings" and "Order Backlog" do not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and may not be comparable to measures presented by other companies.
Order Bookings and Order Backlog are non-GAAP measures that the Company uses to evaluate its sales performance. Order Bookings are those binding contracts that the Company enters into with a third party for the delivery of our products or services. As Order Bookings are received, the contract value (before any associated sales taxes) is included in the Order Backlog. The Order Backlog is reduced by the revenue that is recognized on each project.
%SEDAR: 00020304E