December 21, 2006 15:39 ET

Baden Subsidiary Awarded Export Contract

CALGARY, ALBERTA--(CCNMatthews - Dec. 21, 2006) - Baden Technologies Inc. (TSX VENTURE:BDZ) announced that its wholly-owned subsidiary FSI International Services Ltd. has been awarded a contract for the provision of its nineteenth Brine Plant, and the fourth for calendar year 2006.

FSI International continues its year of increased export sales of its turnkey, custom-designed Brine Plants to clients in Russia. These clients are all major oil and gas producers and exporters. This Brine Plant will be the seventh purchased by this client over the past nine years, and total value of the contract is approximately $3,100,000 (CAD). Completion of fabrication is projected to be in the first quarter of 2007, followed by installation and commissioning in the summer of 2007.

The FSI INTERNATIONAL BRINE PLANT was designed specifically for the unique characteristics of Western Siberian oilfields. FSI International's clients in the Russian oil and gas sector consistently choose the FSI Brine Plant as part of their capital expansion plan budgets.

Through its wholly owned subsidiary FSI International Services Ltd., Baden Technologies Inc. is a Calgary-based manufacturing and service company specializing in customized filtration, filtration-related technologies and Brine Plants for the international and domestic energy and chemical industries.

Certain statements in this document may be "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by Baden at the time of preparation, may prove to be incorrect. There is no representation by Baden that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Baden disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Baden Technologies Inc.
    Richard Ball
    President & CEO
    (403) 571-4230
    (403) 230-3106 (FAX)