GUELPH, ON, Feb. 2, 2022 /CNW/ – BIOREM Inc. (TSXV: BRM)
("Biorem" or "the Company") today announced three new orders
totalling $9.2 million. The
orders are for air emission abatement projects in Singapore and North
America.
"Project delays in 2021 due to labor shortages and inflationary
pressures have finally been resolved in a few key sales
territories" said Derek S. Webb,
President and Chief Executive Officer. "This has resulted in
our ability to close three exciting projects during the early weeks
of 2022. They are scheduled for delivery starting late this
year and into 2023 or 2024 depending on construction progress."
"All three projects showcase our advanced biofiltration
technologies for the treatment of odors and hazardous air emissions
from municipal wastewater processes. One of the key projects
involves a multiple stage hybrid bioreactor chosen for its ability
to be constructed below grade- thereby conserving limited real
estate and integrating seamlessly into the dense urban
community."
"The project in Singapore is
particularly exciting" said Derek S.
Webb, "Tuas Nexus is the world's first integrated waste and
water treatment facility and is designed to be energy
self-sufficient by harnessing the energy contained in both solid
waste and wastewater. This is expected to result in carbon savings
of more than 200,000 tonnes of CO2 annually,
equivalent to taking 42,500 cars off Singapore's roads. BIOREM is proud to be
a part of this incredible project by helping to reduce hazardous
air emissions from what is sure to set an international benchmark
for future jurisdictions looking to manage their waste and
wastewater in a sustainable fashion."
With these latest orders, the Company's order backlog stands
firm at approximately $34.6 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 1800 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.