GUELPH, ON, Nov. 16, 2020 /CNW/ - BIOREM Inc. (TSXV:
BRM) ("Biorem" or "the Company") today announced a number of new
orders totalling $10.8
million. The orders are for air emission abatement
projects in China and North America.
"Our focus for business development in 2020 has been primarily
centered on servicing our existing clients during the global
pandemic" said Derek S. Webb,
President and Chief Executive Officer. "The ability of our
sales organization to travel freely has been greatly restricted and
we have subsequently employed a variety of innovative strategies to
be able to maximize contact with our existing network of clients
and representatives. These initiatives have helped to secure a
number of exciting new projects for delivery in 2021. Two
contracts totalling $2.4 million for
the City of Miami expand our
portfolio of full design-delivery projects; while another
$2.5 million project for the
City of Montreal and another
$2.3 million project for Loudoun County in Virginia are both for high profile projects
requiring our specific brand of reliability and
performance. Sales have continued in the People's Republic of China, where two new
orders totalling $2.2 million have
been secured which include our seventh system being shipped to one
of the world's largest petrochemical companies, Sinopec."
"We are collaborating closely with our strategic partners and
local regulators to capitalize upon market opportunities and plan
to continue to invest additional resources to ensure we retain and
maximize our market share in existing market segments. With
these latest orders, the Company's order backlog stands firm at
approximately $35.6 million,
providing great revenue visibility for the next twelve to eighteen
months."
About BIOREM Inc.
BIOREM is a leading clean technology
company that designs, manufactures and distributes a comprehensive
line of high-efficiency air emissions control systems used to
eliminate odors, volatile organic compounds (VOCs), and hazardous
air pollutants (HAPs). With sales and manufacturing offices across
the continent, a dedicated research facility, a worldwide sales
representative network and more than 1500 installed systems
worldwide, BIOREM offers state-of-the-art technology-based products
and peace of mind for municipalities, industrial companies and
their surrounding communities. Additional information on Biorem is
available on our website at www.biorem.biz.
SOURCE Biorem Inc.