Ottawa – March 2, 2015 – BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, announces the following unaudited results for the first quarter of fiscal 2015 ended December 31, 2014.
“This quarter, BluMetric is beginning to demonstrate the effects of the efficiencies and interaction of the groups that were the rationale behind the RTO” said Roger Woeller, CEO of BluMetric Environmental. “The steady and reliable performance of the Professional Services group combined with better results from the Water Systems group will provide a base for improvement and growth. Ongoing focus on supporting our higher-margin opportunities will continue this trend.”
Our focus remains driving revenues, but at no compromise to margins.
Professional Service’s management sees growth potential particularly in existing disruptive and emerging areas such as geomatics, UAVs (drones), and hydrology, all achieving new prominence in the market and representing a shift in solution provision. The group will continue to strengthen its presence in the Canadian north, where its technical expertise allows it to deliver exceptional service in a challenging environment.
Water Systems, on the other hand, has identified expanded applications in mining and food processing, where its proven products have technical and cost advantages over the competition. As well, it has developed and is testing adaptations to new and existing processes and products to deal with unique industrial problems.
For additional information on these financial results, please refer to the Company’s filings at www.sedar.com.
BluMetric, a cleantech company, delivers sustainable solutions to complex environmental issues. The Company serves clients in many industrial sectors, and at all levels of government, in Canada and abroad.
BluMetric operates through two groups:
More information can be obtained at www.blumetric.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Vivian Karaiskos, CFO
BluMetric Environmental Inc.
Tel: (613) 839-4028 x105
Robin M. Sundstrom
IRonside Investor Relations
Tel: (647) 822-8111