<p>CALGARY, – Pure Technologies Ltd. announced that it has closed its previously announced acquisition of Wachs Valve and Hydrant Services, LLC (“Wachs Water”), a leading provider of flow control maintenance and support, leak detection, and related asset management services to the water sector in the United States.</p><p>”I’m pleased to officially welcome Wachs Water to the Pure family,” said Jack Elliott, President and CEO of the Company. “The closing of this transaction is another milestone in our Company’s history and we look forward to the synergies our two businesses will realize together. Through Wachs Water, we have enhanced our distribution channels for the deployment of our proprietary technologies and solutions, while adding significant management capabilities and field services personnel to help manage our growing water utility customer base within North America.”</p><p>As stated within the Company’s news release dated February 17, 2015, the total purchase price was US$18.5 million, consisting of US$13.5 million in cash and US$5.0 million in common shares of Pure (totalling 878,640 shares), to be issued in equal tranches on the 6-month, 12-month, and 18-month anniversaries of closing the transaction.</p><p><strong>About Wachs Water Services</strong></p><p>Wachs Water’s roots reach back 132 years to the creation of the Wachs Company in 1883. The Wachs Companies have been trusted solutions providers to water utilities for over 60 years. Wachs Water Services was founded in 2001, as a service company focused on helping water utilities increase control of their aging distribution networks. Wachs Water currently provides the following services to the water and wastewater pipeline sector:</p><p style=”margin-left: 15pt;”>· <em><u>Information Management</u></em><em>: Developing and maintaining GIS databases on water and wastewater flow control systems;</em></p><p style=”margin-left: 15pt;”>· <em><u>Valve assessment, maintenance and flow control</u></em><em>: Helping utilities to understand the operation of their valve systems and to reduce the consequence of pipe failure through timely and appropriate valve control in the event of a failure;</em></p><p style=”margin-left: 15pt;”>· <em><u>Leak Detection</u></em><em>: Providing leak detection and non-revenue water management services to water agencies;</em></p><p style=”margin-left: 15pt;”>· <em><u>Wastewater collection system assessment and prioritization</u></em><em>: Providing a multi-technology assessment capability to help owners prioritize cleaning and CCTV inspections.</em></p><p>For additional information on Wachs Water, please visit: <a href=”http://www.wachsws.com/” target=”_blank”>www.wachsws.com</a></p><p><strong>About Pure Technologies Ltd.</strong></p><p>Pure Technologies Ltd. is an international asset management, technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world. Pure’s business model incorporates four distinct but complementary business streams:</p><p style=”margin-left: 15pt;”>· <em>Sales of proprietary monitoring technologies for pipelines, bridges and structures;</em></p><p style=”margin-left: 15pt;”>· <em>Recurring revenue from data analysis, site maintenance, and from technology licensing;</em></p><p style=”margin-left: 15pt;”>· <em>Premium technical services including </em><a href=”http://www.puretechltd.com/applications/pipelines/index.shtml” target=”_blank”><em>pipeline inspection</em></a><em>, </em><a href=”http://www.puretechltd.com/solutions/leak_detection/index.shtml” target=”_blank”><em>leak detection</em></a><em> and </em><a href=”http://www.puretechltd.com/solutions/condition_assessment/index.shtml” target=”_blank”><em>condition assessment</em></a><em>;</em></p><p style=”margin-left: 15pt;”>· <em>Specialized engineering services in asset management, non-revenue water and condition assessment for water and wastewater infrastructure.</em></p><p>® Registered Trademarks, property of Pure Technologies Ltd.</p><p>SOURCE Pure Technologies Ltd.</p><p>To find out more about Pure Technologies Ltd. (TSX: PUR), visit their website at <a href=”http://www.puretechltd.com” target=”_blank”>www.puretechltd.com</a> or contact Paul Moon, Investor Relations; (403) 266-6794 or investor.relations@puretechltd.com.</p>
