Seprotech Systems Incorporated
TSX VENTURE : SET

Seprotech Systems Incorporated

December 12, 2006 17:34 ET

Seprotech Receives New Orders Valued at $4.6M

OTTAWA, ONTARIO--(CCNMatthews - Dec. 12, 2006) - Seprotech Systems Inc. (TSX VENTURE:SET), a leading Canadian water and wastewater treatment systems manufacturer, is pleased to announce five new orders totaling approximately $4,600,000. These new orders are for Seprotech proprietary ROTORDISK® wastewater treatment plants and related technologies.

"These new orders, combined with existing work, provide the Company with a strong order backlog", said Martin J. Hauschild, President & CEO, "We are on track for a good 2006/07 fiscal year and anticipate that we can achieve record revenues for the Company in this current fiscal year. We forecast our first quarter at a light loss, and anticipate making up ground in subsequent quarters. Our sales team continues to work hard to increase our order backlog."

Two of the new orders are for Seprotech's proprietary ROTORDISK® technology to the mining sector for new projects in Canada. One project is for a system in East Africa. In addition, Seprotech has obtained an order for the supply of a new ROTORDISK® design that is used to convert the runoff from municipal landfills, known as 'leachate', to pure water. Seprotech and its partners in this venture hope to use this project as a reference site for other similar installations and establish this technology as an industry standard.

"We are happy that Seprotech is well on track towards generating strong results for the year," added Justin Connidis, Chairman of Seprotech. "The benefits of new technology development, operational improvements and equipment standardization are being realized. The Company will continue to work hard to position itself as an environmental technology leader in the water sector."

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, industrial and military market place, including membrane-based water treatment systems and the ROTORDISK® biological wastewater treatment systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Seprotech Systems Inc.
    Mr. Robert J. Searle
    Investor Relations
    613-523-1641
    613-731-0851 (FAX)
    rsearle@seprotech.com