March 29, 2007 08:50 ET

Baden Subsidiary Awarded Export Contract

CALGARY, ALBERTA--(CCNMatthews - March 29, 2007) - Baden Technologies Inc. (TSX VENTURE:BDZ) is pleased to announce that its wholly-owned subsidiary FSI International Services Ltd. has been awarded a contract for the provision of its twentieth Brine Plant.

This Brine Plant is the first of the third generation of plants designed by FSI International, and incorporates the most advanced use of automation and solids separation technology to date. The product is a turnkey, custom-designed facility. Total value of the contract is approximately $4,600,000 (CAD). Completion of fabrication and Calgary testing is projected to be in the third quarter of 2007, followed by shipment to end of Russian rail line by November, 2007. Trucking to the remote installation location will cover 500 kilometres of winter roads and ice bridges. Final installation and commissioning will be completed in spring/summer of 2008.

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.


Baden plans to release its 2006 operating results by April 30, 2007. The company posted three consecutive quarters of record earnings and cashflow growth in 2006, and management expects results for the fourth quarter of the year to continue that trend. Total revenue for 2006 is expected to show growth of approximately 500% over 2005. Results for the first quarter of 2007 are expected to be released in the first week of May.

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 and CEO
    (403) 571-4230
    (403) 230-3106 (FAX)
    Baden Technologies Inc.
    Ian Ball
    (403) 571-4230
    (403) 230-3106 (FAX)