MONTREAL, QUEBEC, June 27, 2012 -- ProSep Inc. (TSX:PRP), dedicated to providing process solutions to the oil and gas industry, announced that ProSep Kolon, the company's South Korean joint venture, was awarded three contracts for a total value of $2 million, for the supply of oil, gas and produced water treatment solutions. All three contracts were awarded by Korean engineering, procurement and construction companies ("EPC") on behalf of oil and gas producers operating in the Middle East and Greater Middle East regions.
"Our joint venture with Kolon Group is growing quickly. Our partner's expertise and keen understanding of the Korean engineering, procurement and construction industry, has been invaluable to ProSep Kolon's recent success. With almost twenty employees and a growing backlog, ProSep Kolon is becoming an important contributor to our team's success," said Jacques L. Drouin, President & CEO.
About ProSep
ProSep is a technology-focused process solutions provider to the upstream oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit www.prosep.com.
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