Latest News

  • Guelph, Ontario, (August 12, 2008). Biorem Inc. (TSXV: BRM) announced today its results for the second quarter ended June 30, 2008 [More...]
  • Guelph, Ontario, (July 3, 2008). BIOREM Inc. (TSXV:BRM) announced today the receipt of a $800,000 order for a municipal odor control system in the Southwest U.S.A.

    [More...]
BIOREM ANNOUNCES $500,000 IN NEW INDUSTRIAL ORDERS Print


Guelph, Ontario, (June 19, 2008).  BIOREM Inc. (TSXV:BRM)
is pleased to announce the receipt of two new industrial orders in the United States totaling nearly $500,000.  These Order Bookings represent a growing segment of BIOREM’s business in non-municipal markets.  The Company’s investment in sales infrastructure and product development is yielding results as industrial Order Bookings are $1.3 million for year-to-date 2008 compared against $240,000 for the same period in 2007.

“The performance advantages due to our research and development efforts coupled with rapidly increasing costs related to competing technologies of carbon absorption, thermal oxidation and chemical scrubber has opened the door for biological treatment of industrial air pollution.” said Peter Bruijns, President and CEO. “Payback of our systems of less than two years is now possible in certain applications versus these older technologies.”

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 waste water 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.
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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 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.