PR Newswire
GUELPH, ON, March 15, 2018
GUELPH, ON, March 15, 2018 /PRNewswire/ - BIOREM Inc. (TSXV:
BRM) ("BIOREM" or "the Company") today announced several new orders totalling $5.3
million. The orders are for air emission abatement projects in North America and
Australia.
"The Company's booking rate has been robust in the first three months of 2018 and is expected to continue for the next several
quarters," said Derek S. Webb, President and Chief Executive Officer. "These latest orders
represent the results of a business development initiative that addressed under-served domestic markets. Through a comprehensive
education program aimed at Municipal customers, BIOREM was able to demonstrate the superior capabilities of our engineered
solutions for air emissions abatement."
"As a result of these new bookings, BIOREM has a strong backlog of orders for delivery over the next three to four quarters.
The current order backlog stands at $22MM and is expected to remain fairly consistent over the year. With a no debt and
significant working capital, management is actively pursuing additional strategic initiatives to further broaden our capabilities
and reach."
About BIOREM Inc.
BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of
high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air
pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales
representative network and more than 1,200 installed systems worldwide, BIOREM offers state-of-the-art technology-based products
and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on BIOREM is
available on our website at www.biorem.biz.
SOURCE Biorem Inc.
