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Environmental Micro-Cap Awarded $2.3 Million in New Orders
By: AllPennyStocks.com News
June 29, 2010
A company out of Guelph, Ontario purports to do well by doing good, and is starting to make genuine headway in these tense economic and environmental times, announcing contracts for its revolutionary technology to help enhance both its reputation and its bottom line.
It’s called Biorem Inc., (TSX-Venture:BRM), and it’s a leading clean technology company occupied with the design and supply of high-efficiency biological-based air emissions control systems. On the next-to-last day of June, the company announced two separate orders for odour-control systems, totaling $2.3 million.
One order comes from the Greater Toronto Area, which needs a large-scale four-cell biofilter designed to treat air emissions from a wastewater treatment plant, The other order, from whose home is south of the border, is for a biotrickling filter treating hydrogen sulfide at a wastewater treatment plant in the American southeast.
The twin orders come a week to the day after a $500,000 order for BRM’s advanced biological-based volatile organic compounds (VOC) abatement system. VOCs are emitted primarily from solvents and fuels and react in the atmosphere to form ground-level ozone. This system will be used to remove VOC emissions from a U.S. Environmental Protection Agency- (EPA) designated "ozone-non-attainment area" where ground-level ozone standards are not being met.
BRM has been developing next-generation biological solutions for the degradation of VOCs using biological techniques. The result is a technology solution able to achieve up to 95% destruction of VOCs using biological processes. BRM has, to date, filed three patent applications covering a number of innovations which will provide a competitive advantage.
Headquartered, as mentioned, in Guelph, BRM has offices in Victor, New York and Beijing, Biorem began as a derivative company from the University of Waterloo. Incorporated in 1991, BRM has quickly grown as an industry leader in air pollution control.
BRM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency biological-based air emissions control systems. These systems are used to eliminate odours, VOCs and hazardous air pollutants (HAPs), and for the conditioning of biogas renewable energy.
With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and more than 600 installed systems worldwide, BRM not only offers state-of-the-art technology-based products but also peace of mind for municipalities, industrial companies and their surrounding communities.
The announcement of the two contracts didn’t shake up the market on June 29, as investors were likely pre-occupied with the troubles in China. Only 1,000 BRM shares changed hands that day, although they brought the price a penny higher, to 63 cents. The stock’s peak for the last 52 week is around 99 cents, achieved last March, after falling to a low of 30 cents last July. But with brighter things on the horizon for this clean-air company, momentum is likely to build, and soon, and investors should take heed.
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