ATLANTA, May 8, 2014 (GLOBE NEWSWIRE) -- Echologics, a provider of pipe condition assessment and leak detection solutions, has been awarded a 12-month contract with the Singapore Public Utilities Board ("Singapore PUB") to survey 100km of critical transmission mains for leaks.
Echologics is an affiliate of Mueller Co. and part of the Mueller Water Products, Inc. (NYSE:MWA) group of companies. Singapore PUB is the national water agency responsible for the collection, production, distribution and reclamation of water in Singapore.
"By employing our EchoWave™ leak detection services, Singapore PUB is helping to ensure the integrity and mitigate the risk of failure of its transmission mains," said Marc Bracken, vice president and general manager of Echologics. "We are excited to work with Singapore PUB as it continues to be a good steward of its ratepayers' resources and to enable informed, data-driven decisions to ensure the water supply in Singapore is well managed."Echologics pioneered the development of a proprietary, acoustic-based system that non-invasively pinpoints leaks on large-diameter transmission mains. Echologics' solution can detect and locate leaks without disrupting water service and is not limited by pipe material or size. Forward-Looking Information This press release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities, events or developments that we intend, expect, plan, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on certain assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions and expected future developments. Actual results and the timing of events may differ materially from those contemplated by the forward-looking statements due to a number of factors, including regional, national or global political, economic, business, competitive, market and regulatory conditions and the other factors that are described in the section entitled "RISK FACTORS" in Item 1A of our most recently filed Annual Report on Form 10-K.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV