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Home > Cleantech Stocks > Pure Technologies Ltd.
The Ubika Research Cleantech Stock Watchlist

Pure Technologies Ltd. (Symbol: TSX: PUR)

Company Name: Pure Technologies Ltd. (TSX: PUR)
HQ Location: Calgary, Alberta
Company Website: http://www.puretechnologiesltd.com
Shares Outstanding 44.52 Million
Stock Price (02/02/2011) $ 4.85
Market Cap: $ 215.91 Million
52 Week Range 3.67 – 5.20
Average Daily Volume 43,837
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The Ubika Research Cleantech Stock Watchlist is very useful to find interesting cleantech stocks that are featured on our site. This watchlist profiles green technology stocks and provides you with cleantech news and information on cleantech investing.

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Business Overview

Pure Technologies Ltd. (Pure) provides monitoring and surveillance of physical infrastructure utilizing patented technologies. Pure has developed technologies primarily focused on the water and wastewater industry, bridges, buildings and parking structures, and oil and gas pipelines. Its principal business streams along with the corresponding technologies and services consist of monitoring equipment for pipelines, bridges and structures, technical services including inspection, leak detection and condition assessment, Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure and recurring revenue from data analysis and site maintenance for these technologies, and from licensing of its SmartBall leak detection system. + More info

What is interesting about Pure Technologies Ltd. (TSX: PUR)?

  • Pure Technologies is a global leader with products and services for infrastructure asset management.  It serves different infrastructure monitoring markets involved in water, waste water, oil & gas, buildings and bridges.
  • Leak detection of water, waste water pipelines, oil & gas pipe lines and buildings and bridge monitoring are the key functions performed by the company
  • SmartBall® is a new and innovative leak detection technology deployed by the company. It is comprised of a foam ball containing a range of acoustic and other sensors which travels with the water flow down a pipe, detecting locating leaks as it rolls. The SmartBall emits pulses that enable its progress to be tracked and retrieved.  It is applicable for all types of pipe including concrete, steel, ductile iron, PVC and GRP, and is patent pending.
  • It is a technology heavy company having developed its products using high end physics and acoustics technologies.  Some of its key technologies have patent protection.
  • Company is well positioned to take advantage of the macro trend of ageing infrastructure in most of the developed world and the need to have solutions and services that can help manage this ageing infrastructure in an environment of government cutbacks and austerity programs. 
  • Dominant player in the critical area of infrastructure asset monitoring.
  • Strategic acquisition of a competitor in North America and a company in Australia has given significant market place domination, an international foot print and a fast growing customer base
  • Strong revenue growth with a 40% Compounded Annual Growth Rate (CAGR) over the last four years
  • Very attractive and growing recurring revenue model to offer asset monitoring services
  • Company is giving guidance that 2010 revenues will be 50% greater than 2009 revenues and will reach close to $46 Million
  • Recurring revenue may double  in 2011 and could reach $10 Million
  • Gross margin of 63% for 2010 and EBITDA expected to more than double in 2010 to possibly reach under $8 Million. 
  • Positive and growing Net Income.
  • Strong balance sheet and well positioned to be a consolidator in this industry
  • Strong sales momentum as reported in the company’s business update recently
  • Company planning to migrate to big board TSX exchange.  This should help attract more institutional buying in the stock

Risks

  • The company is actively seeking and growing via acquisition. Acquisition integration is a risk for this company
  • Any severe austerity program by governments may affect the company’s business
  • Company will need to continuously invest in R&D to be a technology leader. Any new disruptive technology may bring strong competition

Company News

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Was any fee (either in Cash or in Stocks/Options) paid by the company to smallcappower.com or its principal’s Ubika Corporation and/OR Investor Cubed Inc for providing services No
Common Stock/Options Ownership in Pure Technologies Ltd.  
Analyst(s) No
Analyst’s family members No
Analyst’s firm, their affiliates and/or subsidiaries No
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