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Classified in: Business
Subject: TNM

BluMetric Signs Wide-Ranging International Cooperation Agreement with Global Water Company, Aquarion AG



OTTAWA, July 2,  2015 /CNW/ - BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, today announced the signing of a significant technology, business, and project development agreement with Aquarion AG, an integrated water solutions company headquartered in Baar, Switzerland.

Highlights of the Agreement

Under the framework of this agreement, the companies will jointly address wastewater treatment issues in the context of increasingly stringent government regulation and exacting client demands, cooperate on the development of new technologies in the face of evolving industry needs, and support each other's growth through strategic sectoral and regional business development.

Aquarion is a leading provider of industrial water and wastewater treatment solutions, based around a strong history of world-class engineering and client-focused service.  With headquarters in Baar, Switzerland, Aquarion offers an extensive range of advanced treatment solutions to clients in the oil and gas, food and beverage, energy, and micro-electronics industries from operating units in Germany, Italy, the UK, and Southeast Asia.

BluMetric is a well-established and successful engineered solutions and professional services company with an extensive track-record of global projects in the mining, food and beverage, and municipal sectors.  With headquarters in Ottawa, Canada, BluMetric services their target industries from offices across Canada and Central America.

"These two companies have complementary technologies, similar cultures, and few regional overlaps," said Karl Michael Millauer, CEO of Aquarion AG.   "With Aquarion's strength in oil and gas and energy coupled with BluMetric's depth in mining, real estate, military, and industrial solutions, the potential for growth is substantial."

"This agreement with Aquarion and their subsidiary companies furthers BluMetric's strategy of selective partnering to expand and enhance our technologies, the sectors and regions we service, and ultimately the quality of that service to our clients," said Roger Woeller, CEO of BluMetric.  "Our chosen area of endeavour is played in an international arena, and working with Aquarion dramatically extends our reach.  This partnership will strengthen not only our ability to compete but both our bottom lines."

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About BluMetric

BluMetric, a cleantech company, delivers sustainable solutions to complex environmental issues.  The Company serves clients in many industrial sectors, and at all levels of government, in Canada and abroad.

BluMetric operates through two groups:

More information can be obtained at www.blumetric.ca and www.sedar.com

About Aquarion AG

A total enhanced EPC solution provider, Aquarion AG (www.aquarion-group.com) is a leading provider of advanced water systems, solutions and technologies for the oil & gas industry, the energy sector and other process industries.  Aquarion has operations in the UAE, Germany, Switzerland, Italy, UK, Russia, and Southeast Asia.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.

 

SOURCE BluMetric Environmental Inc.


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