Premier Tech
TSX : PTL.A

Premier Tech

November 13, 2006 13:00 ET

Premier Tech Opens a State-of-the-Art Plant in Manitoba

STE. ANNE, MANITOBA--(CCNMatthews - Nov. 13, 2006) - Premier Tech (TSX:PTL.A), through its business unit Premier Horticulture, is proud to announce today the opening of its new plant in Ste. Anne, Manitoba. This new facility was built after one of Premier Horticulture's plants, also located in Manitoba, was destroyed by a fire on September 17, 2005.

Premier Tech was very assertive in the face of this situation. The Company promptly met with insurers and coordinated efforts to rebuild the plant. Team members from Premier Horticulture and Premier Tech Systems quickly joined forces to work on the rebuilding efforts. This synergy between business units made it possible to create an efficient, proactive and totally integrated team. This team went on to design one of today's most technologically advanced plants in the sphagnum peat moss business, a plant that will quickly become a worldwide reference.

Premier Horticulture is amongst North America's leading producers and distributors of sphagnum peat moss-based products, one of the most fascinating resources on our planet. Through the superior quality and consistency of its products and services, together with the professionalism of its teams and partners, Premier Horticulture is considered by many as the leader of its industry in North America. The company operates 20 sphagnum peat moss bogs and 10 production plants across Canada.

Corporate Profile

For more than 80 years, Premier Tech has been building its know-how and reputation on the various technology-oriented opportunities offered by sphagnum peat moss, an abundant natural resource in Canada. Its seven business units, gathered in three groups - Horticulture and Agriculture, Industrial Equipment and Environmental Technologies - have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 500 people based in America, Europe and Asia, Premier Tech is building on the development of its personnel, on innovation, research and development, and on the introduction of value-added products. Its strategic approach is supported by ongoing worldwide market development efforts. Premier Tech shares are listed on the Toronto Stock Exchange, in Canada, under the symbol PTL.A.

Contact Information

  • Premier Tech
    Mrs. Lynn Maurais
    Executive Assistant
    418-867-8883, Ext. 6336
    418-867-8297 (FAX)
    maul@premiertech.com