June 10, 2008 13:11 ET

Baden Subsidiary Awarded Sales Contract

CALGARY, ALBERTA--(Marketwire - June 10, 2008) - Richard Ball, Chairman of the Board of Directors of Baden Technologies Inc. (TSX VENTURE:BDZ), is pleased to announce that its subsidiary FSI International Services Ltd. has been awarded a major export sales contract.

The contract is with a long-time Russian client for the provision of the twenty-second FSI International Brine Plant. The total contract is valued at approximately EUR 3.4 million; fabrication will be completed within five months, with full installation and commissioning scheduled for spring of 2009.

FSI International is currently completing technical specifications and contract tenders on another Brine Plant with slightly larger parameters, again for a long-time Russian client. Finally, FSI International has been confirmed as the supplier of choice for a third Brine Plant. The client for this project has requested delivery in late 2008 for installation in the first quarter of 2009.

There are currently twenty FSI International Brine Plants in operation in West Siberia, including several that have been in continuous operation since 1997.

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.

Complete financial statements are available on or on our website:

This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Baden to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, fluctuations in the market for oil and gas and related products and services, political and economic conditions, the demand for services provided by Baden, industry competition and Baden's ability to attract and retain both customers and key personnel.

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)