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Management Side
Technical Side
GLV Announces Recent Awards of Large-Scale Contracts
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Montreal, Quebec, Canada, 29 April 2010 -- /CNW Telbec/ -- GLV Inc. (TSX: GLV.A - News, GLV.B - News) announced today that it has been awarded new major contracts worth close to CAD 39 million. Among these contracts, the Water Treatment Group has obtained a CAD 13.5 million order from an Australian food processing company for a system that allows reusing up to 3 million liters of process water a day. It also has won two contracts totalling CAD 9.7 million for the delivery of water screening systems to Middle East companies operating in the energy and oil and gas sectors. In addition, the Pulp and Paper Group has received orders totalling CAD 15.5 million from North American and European producers. Pursuant to these contracts, the Group will deliver solutions based on GLV's technologies to increase productivity, machine reliability, product quality, and new product manufacturing capability.

These contracts add to the numerous smaller-scale orders awarded to both groups over the last few months.

"The orders won since the beginning of the year attest to both groups' ability to meet the diversified needs of a customer base present on five continents," said Richard Verreault, GLV's president and chief operating officer. "The water treatment industry remains dynamic and our teams are continuing their efforts to develop close business relations with customers in order to provide them with custom-made solutions meeting their expectations in terms of efficiency and operating costs. In the pulp and paper industry, the award of some of the latest contracts confirms the first signs we have been observing since last fall of renewed investment by pulp and paper manufacturers worldwide. Thus, the Pulp and Paper Group will continue to bank on the solidity of its proprietary product line, expertise, and global network to take advantage of the business opportunities that should arise as companies resume their investments to upgrade their facilities."

GLV is a leading global provider of technological solutions used in water treatment and in pulp and paper production. GLV is present in some 30 countries and has approximately 2350 employees. GLV is a publicly traded company whose shares are listed on the Toronto Stock Exchange under the symbols GLV.A and GLV.B. It is one of the constituents for the new S&P/TSX Clean Technology Index.

 



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