North American sales a "vote of confidence" in
new technologies and growth initiatives
GUELPH,
ON, June 6, 2023 /CNW/ - BIOREM Inc.
(TSXV: BRM) ("Biorem" or "the Company") today announced
$10.6 million of new orders for air
emission abatement projects in North
America. These orders bring the company's current order
backlog to a record $50.4 million,
its highest point since the company was founded in 1990.
"These recent orders are a demonstration
that our growth initiatives are gaining traction..."
"These recent orders are a demonstration that our growth
initiatives are gaining traction," said Derek S. Webb, President and Chief Executive
Officer. "We are expanding our range of service offerings and
technological solutions. These two most recent orders incorporate
newer technologies and a full range of ancillary components to
allow our customers to centralize their response to their air
emissions challenges."
The new products at the heart of these orders were introduced to
a carefully-selected trial market segment. This positive initial
customer response bodes well for markets outside the test area, and
the company's sales network will begin marketing them to other
domestic and global customers in the coming months, Webb
said.
"We have broken another two company records with these orders,"
added Webb. "One of the orders was secured at $9.5 million, making it BIOREM's largest single
order to date and continues a trend that is seeing our projects
increase in both scope and size. The second order, at $1.1 million, is for a dual-stage chemical
scrubbing system which incorporates some of the latest developments
in the industry. Both projects are for municipal wastewater
treatment facilities in North
America and are expected to deliver over the next six to
twelve months. This brings Biorem's order backlog to a record
$50.4 million."
About the North American Air
Emissions Market
The air emissions abatement market in North America is currently growing at an
annualized rate of 5.4% and expected to be at $1.6B (USD) by 2027. The technologies servicing
this market are divided into biological (30%), physical (40%) and
chemical (30%).
About Biological
Technologies
Biological reactors use a variety of microorganisms, from
bacteria to mold and fungi to destroy hazardous air pollutants.
Essentially, these microorganisms utilize the air pollutants as a
food source, degrading them to harmless by-products such as carbon
dioxide and water vapour. BIOREM's unique engineered media provide
reliable performance over a useful life of two or more decades,
resulting in extremely low operating costs for customers.
About Chemical
Technologies
Chemical treatment solutions in the context of gaseous phase
pollutant abatement is typically where chemicals are injected into
a recirculation fluid to remove specific contaminants from the gas
stream. For example, sulfuric acid is employed to react with
ammonia in an air stream and a caustic/hypochlorite solution may be
used to address hydrogen sulfide and other sulfuric compounds. The
chemicals utilized are consumables and their rate of consumption is
a function of the pollutant mass loading.
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 2000 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.
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SOURCE Biorem Inc.