The Pressure Pipe Inspection Company (PPIC)

Pure Technologies Ltd. announced July 28 that it has agreed with the shareholders of The Pressure Pipe Inspection Company Ltd. (PPIC) to purchase all of the issued and outstanding shares of PPIC for up to $34.9 million in cash and common stock of Pure. Both companies' boards have approved the transaction, subject to certain conditions and to the approval of the TSX Venture Exchange. The transaction is expected to close by August 31, 2010.

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