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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Lands Military Standing Offer Contract: Agreement Worth Up to $6,000,000

posted on Jan 15, 09 06:36AM

January 15, 2009

Seprotech Lands Military Standing Offer Contract: Agreement Worth Up to $6,000,000

OTTAWA, ONTARIO--(Marketwire - Jan. 15, 2009) - Seprotech Systems Inc. (TSX VENTURE:SET), a Canadian Environmental Technology Company and manufacturer of water and wastewater treatment systems, is pleased to announce that the Canadian Department of National Defence (DND) has selected Seprotech to support two classes of water purification systems with Repair and Overhaul Services, Engineering support and Field Service support.

The Standing Offer is for an initial two year period estimated at $ 2.5 Million with an option to extend for an additional three one year periods. The estimated total value of the five year standing offer is $6,000,000. The final amount spent in any given year, is at DND's discretion. The amount spent by DND in any given year will vary according to military needs. The standing offer process provides the Canadian Forces with immediate response and support to their equipment requirements. Seprotech has been awarded similar Standing Offers from DND in the past including the equipment in this new Standing Offer.

"We are very pleased to have been awarded this Standing Offer Agreement. We have done this work in the past for DND and this new award demonstrates the high degree of confidence that DND has in Seprotech," said Martin J. Hauschild, President & CEO of Seprotech.

"We announced last year, that in response to an expected downturn in capital spending we would place increased emphasis on plant operations, spare parts and service," added M. Hauschild. "This work is a key element in that strategy and we remain committed to our goal to generate 50% of revenues from Operations and Maintenance (O&M) within two years. Over time, the utility side of our business will provide revenue consistency while water & wastewater treatment equipment sales will provide growth. The ability of Seprotech to meet all aspects of its clients' water and wastewater treatment needs represents a clear competitive advantage," concluded M. Hauschild.

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue(TM) membrane-based water recycling systems and the ROTORDISK(R) wastewater treatment systems.