CCR TECHNOLOGIES LTD.
TSX : CRL

CCR TECHNOLOGIES LTD.

June 16, 2008 17:24 ET

CCR Technologies Ltd. Reports Completion of Snohvit Monoethylene Glycol Reclaimer Project

CALGARY, ALBERTA--(Marketwire - June 16, 2008) - CCR Technologies Ltd. (TSX:CRL) (the "Corporation") (www.reclaim.com), a leading chemical purification technology solutions and service provider, today announced the completion of its multiyear project to design and deliver one of the world's largest monoethylene glycol reclaimers for Statoil Hydro's Snohvit liquefied natural gas plant in Hammerfest, Norway.

The Corporation's CEO, Marcel Kessler, said "We are extremely proud to have our technology in use in yet another of the world's most challenging operating environments. We now have monoethylene glycol reclamation units working both offshore and onshore, and in both tropical and arctic conditions. This testifies to the high quality of our engineering and CCR's ability to leverage our twenty years of experience operating chemical reclaiming systems. I am also very pleased with the way our CCR team worked closely with Statoil Hydro and Linde, the lead contractor on Snohvit, to complete this project. We believe that our "one team" approach is critical to helping clients manage the substantial cost and schedule risks they confront on large offshore gas projects."

CCR Technologies purifies process chemicals and natural gas through the use of proprietary patented separation technologies. The Corporation provides environmental and economic benefits to the upstream and downstream oil and gas industries, and is also pursuing new environmental business opportunities in other industries and international markets.

Shares of CCR Technologies Ltd. trade on the Toronto Stock Exchange under the symbol "CRL".

The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond CCR's control, including: the impact of general economic conditions in Canada and in countries in which CCR and its subsidiaries currently do business, industry conditions, increased competition, the lack of available qualified personnel or management, equipment failures, fluctuations in product prices and in foreign exchange or interest rates and stock market volatility. CCR's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits CCR will derive there from.

Contact Information

  • CCR Technologies Ltd.
    Marcel Kessler
    President and CEO
    (403) 543-6699
    Website: www.reclaim.com