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  • Guelph, Ontario, (December 18, 2008).  BIOREM Inc. (TSXV:BRM) announced today the receipt of an industrial air pollution treatment contract in Canada for approximately $700,000.  [More...]
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BIOREM ANNOUNCES $1.5 MILLION ORDER IN WESTERN CANADA Print


Guelph, Ontario, (November 6, 2008).  BIOREM Inc. (TSXV:BRM) announced today the receipt of an order in the amount of $1.5 million for a large municipal odor control system in Western Canada.

This order is the culmination of 18 months of work with the consulting engineer and the municipality to supply a custom-engineered system. “Working closely with the owners and consultants, Biorem assisted in the design of this custom system to meet site specific conditions.” says Peter Bruijns, President and CEO. “Biorem’s competitive advantage as a leader in high performance clean technology products coupled with our well-renowned engineering and project management skills contribute to providing great value to our customers.”

This order brings year-to-date bookings to over $16.3 million which is $2.4 million higher than the entire 2007 year of $13.9 million.

About BIOREM Inc.

BIOREM® manufactures Biosorbens® biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including BIOCUBE® modular units and Mytilus® 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 wastewater treatment plants across North America. Additional information on BIOREM® is also available at our web site at www.biorem.biz.

For further information, please contact:
Ed Corbett, Chief Financial Officer
BIOREM Technologies Inc.
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Tel:  (519) 767-9100 x275
 

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.