Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

Ultra Pure Water Technologies, Inc. Announces Placement Commitment for 1000 "Ice Island" Machines From Noreast Capital Corporation

Ultra Pure Water Technologies, Inc. Announces Placement Commitment for 1000 "Ice Island" Machines From Noreast Capital Corporati

LAFAYETTE, LA -- (MARKET WIRE) -- 11/01/05 -- Ultra Pure Water Technologies, Inc. (OTC: UPWT) (Ultra Pure) announced today that the company has received a commitment letter from Noreast Capital Corporation of Annapolis, Maryland ("Noreast"), pursuant to which Noreast has agreed to place as many as 1,000 of Ultra Pure's "Ice Island" machines in 2006. The Noreast placement letter complements the previously announced commitment from Noreast to finance no less than 5000 of the "Ice Island" machines during 2006. Noreast will utilize the "Fee Per Use" vendor management program developed specifically for Ultra Pure in the placement of the machines in 2006. The "Ice Island" system is a proprietary ice production unit manufactured by ICEX Holdings, Ltd., Inc. (ICEX), a wholly owned subsidiary of Ultra Pure.

The placement commitment is contingent upon the ongoing satisfactory performance level of the "Ice Island" system and the timely production, delivery and availability of the machines.

Jeff Kreis, Business Development Manager of Noreast, stated, "Noreast is pleased to partner with Ultra Pure in their nationwide rollout of the proprietary "Ice Island" system. Our financing commitment to Ultra Pure is now enhanced by our agreement to place as many as 1000 of the machines in markets which Noreast currently services through vendor financial relationships with convenience and grocery stores located in our region."

Daniel LeBlanc, President of ICEX, stated, "We are extremely pleased with the commitment from Noreast Capital Corporation for the placement of our "Ice Island" system. The Noreast financial commitment will not only allow Ultra Pure and ICEX to fulfill the orders for the "Ice Island" received to date, but their assistance in the placement of the "Ice Island" machines into markets currently serviced by Noreast will allow Ultra Pure to move forward with our aggressive marketing plan for the convenience and grocery store industries. The innovative financing program developed by Noreast Capital specifically for Ultra Pure has the flexibility to allow Ultra Pure to accept orders for the "Ice Island" throughout the United States in 2005/2006. We anticipate building a long and lasting relationship with Noreast Capital that will allow for the installation of "Ice Island" production units wherever the needs are justified to increase the profitability of ice sales at convenience and grocery stores throughout the continental U.S."

About Noreast Capital Corporation

Noreast Capital Corporation is a nationwide finance & leasing company that provides competitive financing for a broad array of business equipment and titled vehicles to customers ranging from small fledgling businesses to "Fortune 500" corporations. Noreast Capital, a leader in vendor financing programs, offers comprehensive leasing services to equipment manufacturers, distributors and software providers. Noreast Capital's extensive leasing knowledge and sales/finance expertise can help companies increase sales through user-friendly financing programs designed to meet each customer's individual needs. Noreast Capital Corporation is located in Annapolis, Maryland.

About ICEX Holdings, Ltd., Inc.

ICEX is a wholly owned subsidiary of Ultra Pure Water Technologies, Inc. with headquarters located in Lafayette, LA and a manufacturing support division located in Phoenix, AZ. The company manufactures a proprietary ice production unit known as the "Ice Island" system. The system is an on-site ice production, bagging, and storage unit. The patent-applied for technology totally automates production and packaging of ice products in a portable configuration installed at the customer's site. The target markets for the Ice Island system include convenience stores, grocery stores, hotels, resorts, hospitals and industrial complexes.

About Ultra Pure Water Technologies, Inc.

Ultra Pure Water Technologies, Inc. is engaged in the manufacture, sale, and rental of pure quality water purification equipment utilizing reverse osmosis filtration processes and water vending equipment. The company's products address various water treatment applications for commercial, residential, industrial, and institutional purposes. These applications range from providing purified drinking water through our reverse osmosis self-filling water coolers and under-the-counter systems to equipment for producing water for municipal systems with capacities exceeding 200,000 gallons per day utilizing desalination and reverse osmosis processing equipment.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Ultra Pure Water Technologies, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including changes in technology), actions of our competitors, the extent to which we are able to develop new services and markets for our services, possible failure of products in the market for any number of reasons, the time and expense involved in such development activities, the level of demand, failure of patents to adequately protect our products, market acceptance of our services and changes in our business strategies and many others.

CONTACT:

ICEX Holdings Ltd., Inc.
Daniel LeBlanc
President

Ultra Pure Water Technologies, Inc.,
310 E. Gloria Switch Road
Lafayette, Louisiana 70507
Telephone: 337.233-7317
Facsimile: 337.233.7417
Email: [email protected]
Web site: www.ultrapurewatertechnologies.com
www.upwt.com

Noreast Capital Corporation
Jeff Kreis
Business Development Manager
Annapolis, Maryland
Telephone: 410.268.5588
Web site: www.noreastcapital.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...