BIOREM order backlog grows to $40M
by CM Staff
The new products were introduced to a carefully-selected trial market segment that accounts for approximately 1/3 of the potential North American market.
GUELPH — BIOREM Inc. announced $11-million of new orders for air emission abatement projects in North America. This brought the company’s order backlog to a record $40-million.
“These recent orders are a vote of confidence in our newer technologies in the air emissions area,” said Derek S. Webb, President and Chief Executive Officer. “The bulk of the new orders, $7-million, are for two of our latest product releases and represent a significant expansion of our North American odor and hazardous gas emissions abatement businesses.”
The new products were introduced to a carefully-selected trial market segment that accounts for approximately 1/3 of the potential North American market. This initial customer response bodes well for markets outside the test area, as the company says their sales network will begin marketing them to other domestic and global customers in the coming months.
“BIOREM was able to win these orders despite increased competitive pressure,” added Webb. “All of these projects met with significant competitive resistance but customers chose our solutions because of their performance – and we expect a similar response as we introduce these products to customers in other parts of the world.”
BIOREM’s engineering and product development groups spent time designing the company’s emissions abatement equipment, supplementing the firm’s traditional biological filtration products with those using the next generation of physical technologies. The new products include a consumable component that is expected to generate recurring revenues as the equipment ages and the adsorbents are consumed.
