Seprotech Systems Incorporated

Seprotech Systems Incorporated

October 21, 2008 17:05 ET

Seprotech Systems Announces at WEFTEC® Expansion into Plant Operations to Create an Integrated Water Treatment Solutions Provider

OTTAWA, ONTARIO--(Marketwire - Oct. 21, 2008) - Seprotech Systems Inc.(TSX VENTURE:SET), the water and wastewater treatment systems manufacturer, is pleased to announce it will be expanding its water treatment services to include plant operations. Seprotech now offers complete fully-integrated solutions for clients. The Company will operate water and wastewater treatment systems through a wholly owned subsidiary. Seprotech has agreed in principle to acquire an experienced water and wastewater treatment plant operations company, with revenues of approximately $2M CAD, to provide an established client base for this subsidiary.

"This strategic expansion will allow Seprotech to provide customers with integrated water treatment solutions that include not only the manufacture and installation of equipment, but skilled technicians to operate and maintain the plants," said Martin Hauschild, President & CEO of Seprotech. "The acquisition will provide us with experienced operators for a variety of water and wastewater treatment systems. It is expected to close before year end, subject to satisfactory completion of due diligence," continued Mr. Hauschild. "The addition of plant operations allows Seprotech to meet the growing demand for turnkey infrastructure models that include water treatment equipment, operations and financing. The ability of Seprotech to meet all aspects of its clients' water and wastewater treatment needs represents a clear competitive advantage," concluded Mr. Hauschild.

"Management of Seprotech has been proactive in expanding its base of energy-efficient products and services in order to foster strong, long-term relationships with its clients," said Justin Connidis, Chairman of Seprotech. "Seprotech's broad range of solutions to clients' water needs provides the Company with many revenue growth opportunities."

The strategic growth from an equipment supplier to a fully integrated water treatment solutions provider was announced today at WEFTEC® in Chicago. WEFTEC®, the Water Environment Federation's Technical Exhibition and Conference, is the largest annual water quality exhibition in the world.
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 Incorporated
    Mr. Robert J. Searle
    Investor Relations
    613-731-0851 (FAX)