Profile Technologies, Inc. Awarded Contract for EMW-C(TM) Inspection Services.NEW YORK New York, state, United StatesNew York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Profile Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PRTK, the "Company") is pleased to announce that it has been awarded a contract with Pacific Gas & Electric Company (PG&E) to provide cased pipeline integrity assessments at eight road crossings in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern using the EMW-C[TM]. This contract marks a return for the Company to provide these services to PG&E as a follow-up to a recent contract completed there in December of 2007. The new work is expected to take place in September 2008. The Company expects that this project will lead to additional inspection services with this and other pipeline operators. The EMW-C[TM] Inspection Service developed by the Company can be used by pipeline operators to non-destructively assess the corrosion conditions of cased pipeline sections using a patented long-range electromagnetic scanning process. Cased pipeline sections (typically found at road, rail, and river crossings) present a unique challenge to otherwise standard assessment technologies. The EMW-C[TM] was specifically developed to assess cased and thermally insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. pipelines for corrosion and other conditions that may affect the integrity of those pipelines. About Profile: Profile Technologies, Inc. is headquartered in Manhasset, NY. It is the developer and owner of a proprietary, patented technology that utilizes electromagnetic waves See spectrum. Electromagnetic wave A disturbance, produced by the acceleration or oscillation of an electric charge, which has the characteristic time and spatial relations associated with progressive wave motion. to detect and characterize corrosion and other anomalies on cased, insulated and other pipelines. Its technology provides long-range, non-invasive and non-destructive inspection. For more information about Profile Technologies, visit the website at www.profiletech.net. Cautionary Statement: The foregoing release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and the regulations thereunder. Company statements that are not historical facts, including statements about the Company's expectations, beliefs and plans are examples of such forward-looking statements and involve various risks and uncertainties including equipment, technology, contract and other risks. For a more complete discussion of the risks that could affect the Company's business and finances and cause actual results to differ materially from management's expectations, plans, etc., please reference the Company's SEC filings. |
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