ProSep Launches New Wave of Produced Water Treatment SystemsProSep Launches New Wave of Produced Water Treatment Systems
ProSep Now Offers a Complete Line of Solutions for the Treatment of Produced Water MONTREAL, QUEBEC - February 23, 2009 - ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced the launch of a new line of conventional produced water solutions. ProSep's produced water experts can now offer a complete range of conventional and proprietary treatment equipment to address this growing segment of the onshore and offshore oil and gas industry. This new conventional process equipment line, developed by the Company's Houston operations, will complement ProSep's existing state-of-the-art proprietary solutions for oil and gas treatment such as TORRTM, CTour® and Sorbfloc.
"We are positioning ourselves to offer the industry's most comprehensive suite of produced water treatment solutions," said Jacques L. Drouin, President and CEO of ProSep Inc. "Our clients will now benefit from our extensive produced water expertise through operations located in Houston, Bergen, Bahrain and Kuala Lumpur."
Water production is forecasted to increase as the world's portfolio of producing wells continues to age. Currently, 211 million barrels of water per day are produced along with the average daily oil production of 85 million barrels. For more information on our complete line of products and services, including oil, gas and produced water solutions, go to prosep.com.
About ProSep Inc. ProSep Inc. is dedicated to providing process solutions to the oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit prosep.com.
Caution concerning forward-looking statements
This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of ProSep Inc. These statements are based, among others, on the Company's current assumptions, expectations, estimates, objectives, plans and intentions regarding projected revenues and expenses, the economic and industry environments in which the Company operates or which could affect its activities, the Company's ability to attract new clients and consumers as well as its operating costs, raw materials and energy supplies which are subject to a number of risks and uncertainties. Forwardlooking statements can generally be identified by the use of the conditional tense, the words "may", "should", "would", "believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee", "objective" or "continue" or the negative of these terms or variations of them or words and expressions of similar nature. Actual results could differ materially from the conclusion, forecast or projection stated in such forward-looking information. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include but are not limited to the Company's ability to develop, manufacture, and successfully commercialize value added equipments and services, the availability of funds and resources to continue its operations and pursue its projects, legislative or regulatory developments, competition, technological change, changes in government and economic policy, inflation and general economic conditions in geographic areas where ProSep Inc. operates. These and other factors should be considered carefully and undue reliance should not be placed on the forward-looking statements.
Contacts
ProSep Inc.
Patrice Daignault
CFO and Corporate Secretary
(514) 522-5550 ext. 235
pdaignault@prosep.com | Investor and media contact
Danielle Ste-Marie
Director Marketing and Communications
(514) 522-5550 ext. 238
dste-marie@prosep.com |
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