Guelph, ON, April 25, 2017 /CNW/ – BIOREM Inc. (TSXV: BRM) (“Biorem” or “the Company”), a leading global environmental technology company focused on air emissions control systems, today announced new orders totalling $3.1 million.
The new orders came from Canada and the United States and a variety of industrial sectors. The bulk of the orders are expected to be delivered in the next 12 months. The Company has booked a total of $6.6 million in new orders to-date in 2017.
“We are very pleased with the Company’s order booking rate in the first few months of 2017”, said Derek S. Webb, President and CEO. “These new orders for projects across North America represent the successful execution of sales initiatives targeting customers in a variety of States and Provinces. They also reflect the needs of municipalities and industry to select technologies and companies that are reliable over the long-term life of their projects” “Our order backlog has increased to $21 million which provides revenue visibility for the next 4-5 quarters. This combined with our lack of debt, enables us to focus resources on growing our business in China with our new strategic investor. We have launched several initiatives in the world’s largest market for environmental services and feel confident that with the foundation of our core business and the resources we have available, our business development activities over the coming months will produce some very interesting results.”
For further information contact:
President and Chief Executive Officer
Tel: (519) 767-9100 ext. 240
Chief Financial Officer
Tel: (519) 767-9100 ext. 287