Pressure Pipe Announces New Acquisition
One of Canada's hottest startups continues explosive growth
Mississauga, Ontario, Canada - November 16, 2001 - Canada's fourth hottest startup, as proclaimed by Profit Magazine, is expanding its presence in the United States. The Pressure Pipe Inspection Company Ltd. announced this week the acquisition of Pipeline Technologies of Scottsdale, Arizona.
"Pipeline Technologies is a great fit with our company," said Pressure Pipe President Brian Mergelas. "Their acoustic monitoring technology to examine water pipelines and their repair services will complement our diverse range of services. This will provide our customers with a more complete way to evaluate and maintain their pipeline infrastructure."
Pipeline Technologies, founded in 1996, pioneered the use of acoustic monitoring to assess the condition of water pipes. Will Worthington, Pipeline's President, will become Vice President, Business Development for Mexico and South America as Pressure Pipe continues its global expansion plans. His son, Loren Worthington, will take on the role of Controller and Administrative Manager of U.S. Operations.
"We're excited to be joining the world leader in water pipe evaluation," said Will Worthington. "By combining our services, we can help governments around the world better maintain their systems and reduce operating costs."
About PPIC
A world leader in large diameter water and wastewater pipeline condition assessment, the Pressure Pipe Inspection Company (PPIC) offers forward looking solutions to help customers address aging infrastructure challenges in a reliable and cost effective manner. Our innovative services pinpoint damaged sections of a pipeline to help optimize infrastructure investments, stop leaks, reduce risk and ensure compliance. PPIC has inspected over 6,000 miles of critical pipeline assets over the past decade. For more information, visit www.ppic.com.
For more information, contact:
Michael Stadnyckyj
the Pressure Pipe Inspection Company
+1 905-624-1040 x 301
mstad@ppic.com