BluMetric Announces $2.9 Million Contract Extension for Canadian Department of National Defence's Water Purification Systems
Rhea-AI Summary
BluMetric (OTCQX: BLMWF) signed a $2.9 million contract extension to an existing Master Service Agreement to continue refurbishment, on-call field service, support and maintenance for the Department of National Defence Reverse Osmosis Water Purification Units (ROWPU).
The extension adds Technical Investigation Engineering Studies, will be delivered by WaterTech Canada in Carp, Ontario, and is expected to complete by year-end 2026. The three-year agreement originally had an initial value of $5.8 million.
Positive
- $2.9M contract extension for ROWPU services
- Adds Technical Investigation Engineering Studies to optimize systems
- Work performed locally by WaterTech Canada in Carp, Ontario
- Expected completion by calendar end 2026
Negative
- Extension magnitude may be modest versus initial $5.8M three-year agreement
AI-generated analysis. How Rhea-AI works. Not financial advice.
Ottawa, Ontario--(Newsfile Corp. - April 17, 2026) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce it has signed a
"This extension shows our accelerating manufacturing and service activity with the Department of National Defence as their trusted water provider," stated Scott MacFabe, Chair and CEO. "We continue to successfully deliver under this contract ahead of schedule under the three-year agreement, which was signed less than a year ago with an initial value of
The systems will be serviced by the Company's WaterTech Canada division in Carp, Ontario, and the contract extension is expected to be completed by the 2026 calendar end.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded water technology and environmental engineering firm. BluMetric designs, fabricates, and delivers sustainable solutions to complex water and environmental challenges. The Company is supported by more than 335 employees across 16 offices and 3 manufacturing facilities, with over 50 years of history. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Government, Military, and Mining clients in North America and the Caribbean.
For more information, visit www.blumetric.ca or please contact:
| Scott MacFabe, Chair and CEO BluMetric Environmental Inc. Tel: 1-877-487-8436 x242 Email: smacfabe@blumetric.ca | Dan Hilton, CFO BluMetric Environmental Inc. Tel: 1-877-487-8436 x550 Email: dhilton@blumetric.ca |
| Brandon Chow, Principal & Founder Panolia Investor Relations Inc. Tel: 1-647-598-8815 Email: brandon@panoliair.com |
Forward-Looking Statements
Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, 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 applicable Canadian 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. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292918