Ottawa – May 28, 2015 – BluMetric Environmental Inc. (TSX.V: BLM), an Ottawa-based cleantech company, announces the following unaudited results for the second quarter of fiscal 2015 ended March 31, 2015.
“BluMetric delivered a solid performance in the second quarter, a significant improvement over last year,” said Roger Woeller, CEO of BluMetric Environmental. “This can be attributed to focus on our strategic plan and excellent execution by management and staff. The Professional Services group improved its margins and the Water Systems group contributed substantially to both revenue and profit during this quarter. Historically, the second quarter has been the slowest of our year, usually running at a loss. Both groups will aggressively pursue the new opportunities we have developed to increase revenue while supporting continuous improvement.”
Our focus remains on building revenues and improving margins in tandem, while tightly managing overhead. The Company is targeting organic revenue growth as well as partnering and co-venturing with technology suppliers in related fields and sectors.
Professional Services will work to maintain and build margins in new and ongoing projects, and sees its growth coming from the strongly emerging areas of geomatics, UAVs (drones), and hydrology. The group will continue to emphasize initiatives in the Canadian North, given its technical excellence in that difficult environment.
Water Systems will continue to support its existing military business while developing its design-build side by providing unique solutions to 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