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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Imagine Lithium Inc | TSXV:ILI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.02 | 0.025 | 0.02 | 0.02 | 0.02 | 100,522 | 00:00:00 |
ILI Technologies (2002) Corp. (TSX VENTURE:ILI) is pleased to announce that its 100% wholly owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has completed the installation of two additional flexible pipeline projects totalling 1.318 km as announced Aug 16, 2011. With the completion of these 2 installations COTS has successfully installed 6 new pipe lines utilizing the Flexsteel(TM) Pipeline Products 3" Ansi 600 flexible pipe and connectors rated at 1,500 psi operating pressure totalling 10.131 km for the transport of hydro carbons and liquids. Pemex continues to strongly endorse the company's product line and will be adding new Flexsteel flexible pipe products to their projects utilizing higher rated pipe products for use with injection lines. COTS expects to receive its first work order utilizing these higher rated products in short order. The anticipated new projects will be for the supply and installation of Flexsteel Pipeline Products 3" Ansi 900 flexible pipe and connectors rated at 2,250 psi operating pressure. The anticipated projects form part of progressive program adopted by COTS and Pemex designed to improve performance, efficiencies and speed of installation. With reduced costs estimated between 65 to 80 percent there is little question as to the acceptance of the technology and the shared vision utilizing this technology going forward. The Flexsteel product line is the only manufacturer who can openly state that the company has never had an operational failure in the history of the company. Phil D'Angelo states, "After several months of additional marketing and working closely with Pemex, the company is now ready to execute new sales channels utilizing the next generation of flexible pipe products. COTS continues to execute on its business strategy and build on its proven successes. The company is now advancing to the next level of product endorsement which is targeted at larger diameter pipe contracts. The company will be working diligently to bring this to fruition. Reader Advisory Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, anticipated sales of the company and completion of installation projects. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and Mexico and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other industry and geographic specific risk factors. Investors are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Investors are cautioned not to place undue reliance on forward-looking information. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.
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