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29.07.2010
Brac Systems Inc. completes sales of Commercial Greywater Recycling and Rainwater Harvesting Systems to the Ontario Ministry of Education, Ontario, Canada.
Brac Systems Inc. completes sales of Commercial Greywater Recycling and Rainwater Harvesting Systems to the Ontario Ministry of Education, Ontario, Canada.
Montreal, Quebec, Canada, July 29, 2010 – Brac Systems Inc. (BAAC – OPEN MARKET – Frankfurt Stock Exchange) - Brac Systems Inc. is delighted to announce the completed sale of eleven commercial greywater recycling and rainwater harvesting systems and one semi-commercial greywater recycling system for installation in seven schools in the province of Ontario, Canada.
As part of the Green Schools Pilot Initiative (GSPI) developed and fully funded by the Ministry of Research and Innovation in conjunction with the Ministry of Education, Brac Systems Inc. commercial greywater recycling and rainwater harvesting systems will be installed into seven schools from various school boards throughout Ontario. The systems will be operational for the start of the new school year in September 2010. During the first year of operation, the viability of this innovative technology will be tested and when approved, further orders from the Ontario Ministry of Education are expected to follow.
“The completion of this sale to the Ontario Ministry of Education has been a key accomplishment, demonstrating Brac Systems is recognised by educational government agencies as the leader in its field” said Dennis S. Yasar, President & CEO of Brac Systems Inc. “The province of Ontario alone has over five thousand publicly funded elementary and high schools as well as forty four colleges and universities. Considering commercial greywater and rainwater systems retail from $15,000 to $80,000 the global market in the educational sector is potentially immense.”
Over fifty schools, colleges, universities and student dormitories in Canada, Colombia, Costa Rica, Cyprus and USA have been sent quotations with many anticipated to translate into key sales. Brac Systems Inc. is expecting, based on the volume of inquires arriving on a daily basis, to be submitting more new quotations to the educational sector in the coming months. The timely decision for Brac Systems Inc. to become a publicly traded company was essential for generating financial support. “As previously stated, selling no more than 20% of the total company stock is necessary for the company to expand and keep pace with increased global demand for the entire existing and future products.” Said Mr.Yasar.
About Brac Systems Inc.
Brac Systems Inc. (www.bracsystems.com) is a Canadian company and world leader in the research, development, production and marketing of greywater recycling systems, rainwater harvesting solutions and related technologies. Brac Systems Inc. has developed a number of fully integrated systems for the recycling and harvesting of water for residential and commercial markets.
With fresh water becoming an increasingly scarce commodity around the world and with a greater focus on increased efficiency and improved environmental performance, the market for greywater recycling and rainwater harvesting systems is expected to undergo accelerated growth over the coming years.
Brac Systems Inc. is vertically integrated, covering all aspects from research and development to sales and installation, both directly and through its network of dealers and distributors. Founded in 2005, the Company has generated sales of residential and commercial systems in more than thirty countries worldwide.
This press release may contain forward looking statements and information that is related to future, not past, events. Such statements are based on the current expectations and certain assumptions of Brac Systems Inc. management and are therefore subject to certain risks and uncertainties.
For further information please contact:
Brac Systems Inc.
3612-3614 Poirier,
Montreal, Quebec
H4R 2J5 Canada.
514 856 2722
Info@bracsystems.com
www.bracsystems.com
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Montreal, Quebec, Canada, July 29, 2010 – Brac Systems Inc. (BAAC – OPEN MARKET – Frankfurt Stock Exchange) - Brac Systems Inc. is delighted to announce the completed sale of eleven commercial greywater recycling and rainwater harvesting systems and one semi-commercial greywater recycling system for installation in seven schools in the province of Ontario, Canada.
As part of the Green Schools Pilot Initiative (GSPI) developed and fully funded by the Ministry of Research and Innovation in conjunction with the Ministry of Education, Brac Systems Inc. commercial greywater recycling and rainwater harvesting systems will be installed into seven schools from various school boards throughout Ontario. The systems will be operational for the start of the new school year in September 2010. During the first year of operation, the viability of this innovative technology will be tested and when approved, further orders from the Ontario Ministry of Education are expected to follow.
“The completion of this sale to the Ontario Ministry of Education has been a key accomplishment, demonstrating Brac Systems is recognised by educational government agencies as the leader in its field” said Dennis S. Yasar, President & CEO of Brac Systems Inc. “The province of Ontario alone has over five thousand publicly funded elementary and high schools as well as forty four colleges and universities. Considering commercial greywater and rainwater systems retail from $15,000 to $80,000 the global market in the educational sector is potentially immense.”
Over fifty schools, colleges, universities and student dormitories in Canada, Colombia, Costa Rica, Cyprus and USA have been sent quotations with many anticipated to translate into key sales. Brac Systems Inc. is expecting, based on the volume of inquires arriving on a daily basis, to be submitting more new quotations to the educational sector in the coming months. The timely decision for Brac Systems Inc. to become a publicly traded company was essential for generating financial support. “As previously stated, selling no more than 20% of the total company stock is necessary for the company to expand and keep pace with increased global demand for the entire existing and future products.” Said Mr.Yasar.
About Brac Systems Inc.
Brac Systems Inc. (www.bracsystems.com) is a Canadian company and world leader in the research, development, production and marketing of greywater recycling systems, rainwater harvesting solutions and related technologies. Brac Systems Inc. has developed a number of fully integrated systems for the recycling and harvesting of water for residential and commercial markets.
With fresh water becoming an increasingly scarce commodity around the world and with a greater focus on increased efficiency and improved environmental performance, the market for greywater recycling and rainwater harvesting systems is expected to undergo accelerated growth over the coming years.
Brac Systems Inc. is vertically integrated, covering all aspects from research and development to sales and installation, both directly and through its network of dealers and distributors. Founded in 2005, the Company has generated sales of residential and commercial systems in more than thirty countries worldwide.
This press release may contain forward looking statements and information that is related to future, not past, events. Such statements are based on the current expectations and certain assumptions of Brac Systems Inc. management and are therefore subject to certain risks and uncertainties.
For further information please contact:
Brac Systems Inc.
3612-3614 Poirier,
Montreal, Quebec
H4R 2J5 Canada.
514 856 2722
Info@bracsystems.com
www.bracsystems.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA10374R1073">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA10374R1073</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.