$18 Million Contract For GL&V's Water Treatment Group

Montreal -- Management of GROUPE LAPERRIERE & VERREAULT INC. ("GL&V") announced that its Water Treatment Group ("Eimco Water Technologies") has been awarded a $18 million contract to provide the water screening systems included in Phase II of a major sea water intake infrastructure project in the industrial city of Ras Laffan, in Qatar. Under the terms of the contract, GL&V will deliver, between June 2007 and June 2008, a complete water screening solution comprising several pieces of equipment, based on the Brackett Green technology for high-volume water intakes. On completion of the project, the screening facility will be one of the largest worldwide, as it will treat more than 200 tons of seawater per second in order to supply a power station, an oil refinery, a seawater desalination plant and several other industrial facilities located in Ras Laffan with process water.

It should be noted that the water screening systems included in Phase I of the Ras Laffan seawater intake project, completed in 2003, were delivered by Brackett Green Limited (Colchester, United Kingdom), acquired by GL&V in November 2005. A third phase is currently being planned.

Richard Verreault, President and Chief Operating Officer of GL&V, pointed out that this contract is the largest ever awarded to Eimco Water Technologies, as well as to the former Brackett Green company. "It confirms the great potential we saw in this acquisition, which aimed to provide Eimco Water Technologies, among other advantages, with cutting-edge water intake screening technologies, a world-renowned trademark and an additional international growth platform in the promising municipal and industrial water treatment market."

Set up in April 2004, GL&V's Water Treatment Group (Eimco Water Technologies) achieved revenues of $116 million in fiscal 2006, and is expected to experience growth for fiscal 2007, driven by acquisitions and organic development.

SOURCE: GL&V