13:22:31 EDT Sun 12 May 2024
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Blumetric Environmental Inc
Symbol BLM
Shares Issued 29,475,683
Close 2024-02-15 C$ 0.47
Market Cap C$ 13,853,571
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Blumetric extends Cdn defence department service work

2024-02-16 09:46 ET - News Release

Mr. Scott MacFabe reports

BLUMETRIC ANNOUNCES $5.3 MILLION SERVICE CONTRACT EXTENSION FOR CANADIAN DEPARTMENT OF NATIONAL DEFENCE WATER PURIFICATION SYSTEMS

Blumetric Environmental Inc. has signed an amendment to an existing service agreement for Canada's Department of National Defence reverse osmosis water purification units (ROWPU). The amendment includes a $5.3-million increase to the scope of work, to be completed in calendar year 2024, which includes on-call field service, support and maintenance of the water treatment systems.

"The revised contract serves as a testament to the trust the Department of National Defence has in our capacity to deliver mission-ready water solutions," said Scott MacFabe, chief executive officer of Blumetric. "Providing robust service and support is essential for missions relying on a resilient clean tech system that delivers water under a variety of challenging circumstances. In addition, these types of contracts are becoming a more important part of our overall growth strategy as we build a larger base of recurring and higher-margin revenues."

About Blumetric Environmental Inc.

Blumetric Environmental is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. Blumetric has more than 180 employees operating in 10 offices and over 40 years of expertise. Headquartered in Ottawa, Ont., Blumetric's team of industry experts serves commercial and industrial, military, mining, and government clients.

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