Premier Tech
TSX : PTL.SV.A

Premier Tech

October 24, 2005 15:31 ET

Premier Tech Wins a 1 Million Dollars Contract for the City of Shanghai

RIVIERE-DU-LOUP, QUEBEC--(CCNMatthews - Oct. 24, 2005) - Premier Tech (TSX:PTL.SV.A) is proud to announce, during the visit of Quebec's Premier to Riviere-du-Loup, the signing of a 1 million Canadian dollars contract with Ecco Engineering Co. Ltd. of Hong Kong for a project in Shanghai, China. It is through its business unit Premier Tech Environment (PTE) that Premier Tech won the call for tenders for the supply of a wastewater treatment technology for the city of Shanghai's main landfill site.

This contract for the city of Shanghai is one of the most important commercial outcomes to this day of the partnership between Premier Tech and the Quebec Government within the technological development done by the Company in the Carrefours de la nouvelle economie of Riviere-du-Loup, La Pocatiere and Lachenaie. The system to be installed will treat the wastewater for Shanghai Laogang MWS Sanitary Landfill Phase 4, the main station of the city's landfill, and will have a treatment capacity of 1500 m3/d.

Premier Tech Environment is a business unit of Premier Tech that specializes in the research, development and design of wastewater treatment systems. Its 150 team members are based in North America, France and Asia. Thanks to the many technologies it has developed and marketed as well as the remote support and management capabilities of its installed systems, PTE has become the reference in its field of expertise. For the last 20 years, PTE has developed a leading-edge expertise in landfill wastewater treatment, of which emerging countries like China are in dire need.

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 1 300 people based in America, Europe and Asia, Premier Tech is building on the development of its personnel, on research, development and innovation, on the introduction of value-added products and on proactive management of its business units' manufacturing operations. 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.SV.A.

Contact Information

  • Premier Tech
    Mrs. France Begin Parent
    Communications Agent
    (418) 867-8883 ext. 6059
    (418) 862-6642 (FAX)
    begf@premiertech.com