MetaPower International, Inc. Receives Purchase Orders Totaling $4.482M for Process Safety Work With a Major Oil Sands Energy Co
12 Abril 2010 - 10:30AM
Marketwired
MetaPower International, Inc. (PINKSHEETS: MTPR) is pleased to
announce that the Company's subsidiary, MetaPower Canada, Ltd has
received additional purchase orders totaling $4,482,559 to develop
Process Safety Information (PSI) Packages for a Canadian Energy
Company's facility in the Oil Sands Region of Northern Alberta,
Canada.
MetaPower Canada, Ltd received the purchase orders to extend its
Process Safety Information Project to an additional three plants.
The PSI Project has been underway since the fall of 2007 and is
expected to continue through the fall of 2011.
"These Purchase Orders are to extend our Process Safety
Information project to three more of our client's facilities. In
these projects we are inspecting the piping and equipment to record
its current configuration and then reviewing the technical
documents to ensure they reflect these conditions. Knowing this
information is very important to ensure that the facility can be
operated in a safe manner. We have been very successful in
developing a cost effective approach to collecting this data and
the client continues to show confidence in our ability to manage
these projects. We were expecting these purchase orders and we
believe it shows that the client values our approach to these
services. Continuing this work keeps MetaPower on track to meet our
performance objectives for this year," stated Ken Allen, President
of MetaPower International, Inc.
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology and services firm
originally founded in 1996 that provides information technology and
change management services to hazardous process industries. This
link between technology and services is critical to manage the
changes necessary to successfully compete in the current
environment. In today's world, business operations must be
streamlined to meet the challenges of these turbulent economic
times.
This press release contains "forward-looking statements."
Forward-looking statements are statements concerning plans,
objectives, goals, strategies, expectations, intentions,
projections, developments, future events, or performance,
underlying (expressed or implied) assumptions and other statements
that are other than historical facts. These forward-looking
statements are only predictions. No assurances can be given that
such predictions will prove correct. Actual events or results may
differ materially. Forward-looking statements should be read in
light of the cautionary statements and risks that include, but are
not limited to, the risks associated with a small company, our
comparatively limited financial resources, and other factors that
may adversely impact us. These or other risks could cause actual
results to differ materially from the future results indicated or
implied in such forward-looking statements. We undertake no
obligation to update or revise such statements to reflect events,
circumstances, or new information after the date of this press
release or to reflect the occurrence of unanticipated or other
subsequent events.
Contact: Steve Ivy 360-450-4209 www.metapower.com
Meta Power (CE) (USOTC:MTPR)
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