| BIOREM EXPANDS INTO NEW MARKETS WITH LAUNCH OF LATEST PRODUCT |
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Guelph, Ontario (November 24, 2009) – BIOREM Inc. (“Biorem” or “the Company”) (TSX-V: BRM) announced today that it has launched its SK Series of skid mounted, two-stage biofilters (“the Systems”). The Systems come in two sizes, one to treat up to 250 cfm of contaminated air and one to treat up to 450 cfm. The Systems benefit from the use of Biorem’s permanent high performance XLD media. By utilizing its proprietary XLD media, Biorem has also reduced the footprint of its installation by up to 75% from its traditional solution for low cfm air streams. The Systems are pre-assembled on a self-contained skid and shipped complete to site for rapid installation. The key added values expected to be derived from this product include; significantly lower overall installed capital costs, applications in new market niches previously dominated by activated carbon technologies and shorter sales to revenue cycles. The development of the SK Series will help advance Biorem’s organic growth strategy of significantly increasing international bookings by 2010. International demand for Biorem products is expected to be driven primarily by China, where the first manufactured System has already been shipped and installed. “This product has applications in municipal and various industrial verticals such as the food and beverage industry,” said Peter Bruijns, President & CEO. “Our commitment to developing, acquiring and delivering clean technology air emissions solutions to customers is furthered with this product introduction. We anticipate that the continued expansion of our product offering will translate into added value for our shareholders.”
About BIOREM Inc.
For further information, please contact:
Adriana Braczek, Investor Relations
Forward-Looking Statements
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.
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