MetaPower International, Inc. Receives $948,759 Purchase Order for Process Safety Work with a Major Oil Sands Energy Company
09 Agosto 2010 - 2:00PM
MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to
announce that the Company's subsidiary, MetaPower Canada, Ltd., has
received an additional purchase order of $948,759 CAD to develop
Process Safety Information (PSI) Packages for a Canadian Energy
Company's facility in the Oil Sands Region of Northern Alberta,
Canada. This work will be conducted between August 2010 and
February 2011.
MetaPower Canada, Ltd. received the purchase order to extend its
Process Safety Information Project to an extraction plant. The
PSI Project has been underway since the fall of 2007 and is
expected to continue through the fall of 2013.
"This Purchase Order extends our Process Safety Information
project to three more of our client's facilities. In these
projects we are inspecting the piping and equipment to record its
current configuration and then reviewing the technical documents to
ensure they reflect these conditions. Knowing this information
is very important to ensure that the facility can be operated in a
safe manner. We have been very successful in developing a cost
effective approach to collecting this data and the client continues
to show confidence in our ability to manage these projects. We
were expecting this purchase order and we believe it shows that the
client values our approach to these services. Continuing this
work keeps MetaPower on track to meet our performance objectives
for this year," stated Ken Allen, President of MetaPower
International, Inc.
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology and services firm
originally founded in 1996 that provides information technology and
change management services to hazardous process
industries. This link between technology and services is
critical to manage the changes necessary to successfully compete in
the current environment. In today's world, business operations
must be streamlined to meet the challenges of these turbulent
economic times.
This press release contains "forward-looking
statements." Forward-looking statements are statements
concerning plans, objectives, goals, strategies, expectations,
intentions, projections, developments, future events, or
performance, underlying (expressed or implied) assumptions and
other statements that are other than historical facts. These
forward-looking statements are only predictions. No assurances
can be given that such predictions will prove correct. Actual
events or results may differ materially. Forward-looking
statements should be read in light of the cautionary statements and
risks that include, but are not limited to, the risks associated
with a small company, our comparatively limited financial
resources, and other factors that may adversely impact
us. These or other risks could cause actual results to differ
materially from the future results indicated or implied in such
forward-looking statements. We undertake no obligation to
update or revise such statements to reflect events, circumstances,
or new information after the date of this press release or to
reflect the occurrence of unanticipated or other subsequent
events.
CONTACT: MetaPower International, Inc.
Steve Ivy
360-450-4209
www.metapower.com
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