NEWS

• February 2, 2012 - ProSep Awarded Gas Treatment Contract Valued at $3 Million
  - First contract awarded to newly formed venture with South-Korea's Kolon Group -
  ... - ProSep today announced that its majority owned South-Korean joint venture company ProSep Kolon Company Limited ("ProSep Kolon"), was awarded a contract for the supply of a utility gas treatment system valued at $3.3 million. The customer is a South-Korean engineering firm selected to perform engineering, procurement and construction ("EPC") of a gas processing facility in Saudi Arabia. Delivery is expected to occur in January 2013. Read more 
• January 30, 2012 - ProSep Awarded $13 Million Contract for Seawater Treatment and Injection System in Gulf of Mexico ... - ProSep today announced it was awarded a contract valued at approximately $13 million for the design and supply of a seawater treatment and water injection system for installation on a floating production system that will operate in a deepwater Gulf of Mexico field. This contract represents the Company's third contract award in the region. Read more
• December 22, 2011 - ProSep Awarded $2 Million in Contracts from Repeat Customers ... - ProSep today announced it has recently secured various contracts with existing customers amounting to $2 million, for the design and supply of new equipment including a produced water treatment system valued at $0.7 million and additional parts and change orders related to two different gas treatment projects. Read more 
• December 21, 2011 - ProSep Announces $4.2 Million Private Placement and Appointment of New Board Member ... - ProSep today announced that it has closed a private placement of units of the Company ("Units") previously announced on December 6, 2011. ProSep issued an aggregate of 61,909,921 Units to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit for total gross proceeds of $4,225,352. Each Unit is comprised of one common share in the share capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months. Read more 
• December 8, 2011 - ProSep Awarded $6.5 Million Contracts for Early Production Facility in Iraq  ... - ProSep today announced it was awarded three contracts with a new customer operating in Iraq, for the design and supply of a produced water package and water deaeration and fuel gas treatment systems. Together, these contracts represent a value of $6.5 million. The equipment provided will be installed at the same early production facility located onshore. Read more 
• December 6, 2011 - ProSep Announces Private Placement of $4.2 Million - Company Welcomes Additional Investment from New European Investor Technology  ... - ProSep is pleased to announce a private placement offering for gross proceeds of $4,225,352 pursuant to which 61,909,921 units of the Company (the "Units") will be issued to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit. Each Unit will be comprised of one common share in the capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months. Read more 
• December 2, 2011 - ProSep Awarded $1.4 Million Contract From Schlumberger for Produced Water Treatment Technology  ... - ProSep today announced it was awarded a $1.4 million contract to supply M-I Swaco, a Schlumberger Company, with a proprietary CTour® produced water treatment system, for installation on an offshore platform operating on the Norwegian Continental Shelf. Read more 
• November 10, 2011 - ProSep Reports 2011 Third Quarter Financial Results ... - ProSep today announced its financial results for the three and nine-month periods ended September 30, 2011. All amounts are reported in Canadian dollars unless otherwise stated. Read more
• November 3, 2011 - Notice of ProSep 2011 Third Quarter Results Conference Call ... - ProSep will release its 2011 third quarter financial results on Thursday, November 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, November 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the third quarter. The call will be hosted by Jacques L. Drouin, President and CEO, and Claude Samson, Chief Financial Officer. - Read more
• October 19, 2011 - ProSep Ranked Among the Fastest Growing Technology Companies in Canada in the Deloitte Technology Fast 50™ ... - ProSep is pleased to announce a private placement offering for gross proceeds of $4,225,352 pursuant to which 61,909,921 units of the Company (the "Units") will be issued to Truffle Capital S.A.S. ("Truffle Capital") at a price of $0.06825 per Unit. Each Unit will be comprised of one common share in the capital of the Company (each a "Common Share") and 0.40 common share purchase warrant of the Company (each full warrant, a "Warrant"). Each Warrant will entitle Truffle Capital to acquire one Common Share at a price of $0.06825 per Common Share and is valid for a period of twenty-four months.Read more
• October 14, 2011 - ProSep Concludes $11.1 Million Private Placement ... - ProSep today announced that it has closed a tranche of its private placement of common shares of the Company ("Common Shares") previously announced on October 6, 2011. ProSep issued an aggregate of 163,346,459 Common Shares to Investissement Québec ("IQ"), Cycle Capital Fund I, L.P. ("Cycle"), Fondaction, le Fonds de développement de la Confédération des Syndicats Nationaux pour la coopération et l'emploi ("Fondaction"), Flint Energy Services Ltd. ("Flint"), and certain members of executive management of ProSep ("Management"), at a purchase price of $0.06825 per Common Share for total gross proceeds of $11,148,396. Read more
• October 13, 2011 - ProSep Announces $9 Million Contract Awards in South East Asia - For a large produced water treatment system and fuel gas treatment package ... - ProSep today announced it was awarded two contracts totalling $9 million. The first contract is for a large produced water treatment package, and the second is for the supply of a fuel gas treatment system. Both systems will be delivered and installed in 2012 on two distinctly-owned and operated offshore production platforms in South East Asia. Read more
• October 11, 2011 - ProSep Announces $2.7 Million Contract For Water Injection System ... - ProSep today announced it was awarded its first contract for the design and supply of a water injection system. Valued at $2.7 million, this equipment will be installed on a floating production storage and offloading (FPSO) vessel in South East Asia. Delivery is expected to occur before the second half of 2012. Read more
• October 6, 2011 - ProSep Announces Private Placement of $11.1 Million and Strategic Alliance With Flint Energy Services Ltd. ... - ProSep announced today that is has entered into agreements for a non-brokered private placement of common shares of the Company (the "Common Shares") for gross proceeds of up to $15 million. The Company will use the net proceeds from the private placement for commercialization, business development and general working capital purposes.  Read more
• September 26, 2011 - ProSep Announces $1.2 Million Contract Award For Proprietary Crude Desalting Technology ... - ProSep today announced it was awarded a US$1.2 million contract to supply a leading Latin American oil company with ProSalt mixers. Recent field tests at the customer's facility have shown significant improvements in the desalting process while reducing the need for dilution water and chemical injection. Read more
• September 19, 2011 - ProSep Nominates General Manager for U.S. Operations ... - ProSep today announced the nomination of Michael M. Browne, P.Eng., as General Manager of ProSep (USA) Inc., the Company's business unit located in Houston, Texas. Read more
• August 30, 2011 - ProSep Announces Field Testing of Proprietary Technology in Saudi Arabia ... - ProSep today announced its proprietary injection and mixing technology will be  tested at two oil gathering and treating facilities located in the Kingdom of Saudi Arabia. The objective of this new field test is to further demonstrate process improvements and significant savings in chemical consumption typically required for oil treatment and separation. Read more
• August 10, 2011 - ProSep Reports 2011 Second Quarter Financial Results ... - ProSep today announced its financial results for the three and six-month periods ended June 30, 2011. All amounts are reported in Canadian dollars unless otherwise stated.   Read more
• August 3, 2011 - Notice of ProSep 2011 Second Quarter Results Conference Call ... - ProSep will release its 2011 second quarter financial results on Wednesday, August 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Wednesday, August 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the second quarter. The call will be hosted by Jacques L. Drouin, President and CEO, and Claude Samson, Chief Financial Officer. Read more
• July 21, 2011 - ProSep Launches Seawater Treatment and Water Injection Systems Offering ... - ProSep today announced the launch of its customized seawater treatment and water injection offering, further completing the Company's portfolio of process solutions. ProSep is now one of the few companies that can provide the oil & gas industry with treatment equipment at every stage of upstream processing. Read more
• July 5, 2011 - ProSep Announces $1.8 Million in New Contracts - ...ProSep today announced it was awarded $1.8 million in new contracts to supply a produced water treatment system for installation on a deepwater Gulf of Mexico facility and crude dehydration equipment for two oil sands facilities located in Alberta, Canada. Read more
• June 2, 2011 - ProSep Assembles Leading International Team - ... ... -
  Nominates new EVP to lead engineering and product development
  - ProSep today announced the assembly of its leading international process engineering and business development teams, and the nomination of Gary Blizzard, M.B.A., as Executive Vice President of Process Engineering and Product Development. Read more
• May 11, 2011 - ProSep Reports 2011 First Quarter Financial Results - ...ProSep today announced its financial results for the three month period ended March 31, 2011.  All amounts are reported in Canadian dollars unless otherwise stated. As of January 1, 2011, the Company adopted International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board.. Read more
• May 4, 2011 - Notice of ProSep 2011 First Quarter Results Conference Call and Notice of Annual and Special Shareholders Meeting - ...ProSep will release its 2011 first quarter financial results on Wednesday, May 11, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Wednesday, May 11, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the first quarter. Read more
• April 4, 2011 - ProSep Concludes a $2.5 Million Revolving Loan Agreement with Fondaction ... - ProSep announced today that it has concluded a $2.5 million unsecured revolving loan agreement with Fondaction, le Fonds de développement de la Confédération des Syndicats Nationaux pour la coopération et l'emploi, ProSep's largest shareholder. Read more
• March 31, 2011 - ProSep Awarded $4.1 Million Gas Treatment Contract ... - ProSep announces it was awarded a $4.1 million contract to provide a gas membrane system to a large independent North-American customer. This system will be used for enhanced oil recovery activities for a repeat customer's operation in Texas. Delivery is scheduled for the first half of 2012. Read more
• March 16, 2011 - ProSep Appoints New Chief Financial Officer ... - ProSep announces the appointment of Claude Samson, C.A., M.B.A. as Chief Financial Officer and Corporate Secretary, effective March 28th 2011. Mr. Samson will be responsible for all financial and legal matters of the Company, including accounting, treasury, reporting, taxation and financing.  Read more
• March 10, 2011 - ProSep Reports 2010 Financial Results ... - ProSep today announced its financial results for the three and twelve-month periods ended December 31, 2010.  All amounts are reported in Canadian dollars unless otherwise stated.  Read more
• March 3, 2011 - Notice of ProSep 2010 Fourth Quarter and Annual Financial Results Conference Call ... - ProSep will release its 2010 fourth quarter and annual financial results on Thursday, March 10, 2011 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, March 10, 2011 at 8:00 a.m. (EST) to review the financial results and the highlights of the fourth quarter.  Read more
• February 21, 2011 - ProSep To Supply $2.6 Million Of Spare Parts To Existing Customer ... - ProSep announces it was awarded a $2.6 million contract to supply spare parts associated with a CO2 gas treatment plant, to a large independent North-American customer. Read more
• February 14, 2011 - ProSep Awarded $5.5 Million Gas Treatment Contract ... - ProSep announces it was awarded a $5.5 million contract to provide a gas dehydration system to a super major international oil and gas producer operating in the South China Sea. Read more
• February 3, 2011 - ProSep Awarded $9 Million Gas Treatment Contract ... - ProSep Inc. announces it was awarded a $9 million contract to provide an additional gas membrane system to a large independent North-American customer. This new system is designed to treat higher gas volumes and inlet CO2 content. Delivery is scheduled mid-2011. Read more
• December 23, 2010 - ProSep Pursues Development of Proprietary Gas Dehydration Technology ... - ProSep announced it was awarded additional funding to pursue the development of its proprietary gas dehydration technology "ProDry" under a Joint Industry Project (JIP) carried-out with Total, Statoil and ConocoPhillips. The JIP partners together with The Research Council of Norway provided additional funding of approximately $0.4 million (CAD) to pursue a Phase IV pilot testing project. Read more
• December 8, 2010 - ProSep concludes partnership with large Korean diversified group - Secures $2 million financing to fund this venture ... - ProSep Inc. today announced that it expects to enter into, within the next week, a Joint Venture Agreement with the chairman and controlling shareholder of Kolon Group, a large South-Korea-based integrated construction, chemical and advanced materials company and Korea's largest water treatment group. Read more
• November 29, 2010 - ProSep concludes milestone agreement in Saudia Arabia ... - ProSep Inc. today announced it has signed a collaboration agreement with Bandariyah International Group, a leading supplier to the Saudi Arabian oil & gas and petrochemical industries. Read more
• November 11, 2010 - ProSep Announces Third Quarter Financial Results ... - ProSep released its financial results for the three and nine-month periods ending September 30, 2010. Read more See the MD&A and Financial Statements
• November 4, 2010 - ProSep announces nomination of two new executives ... - MONTREAL, QUEBEC - ProSep Inc. today announced the nomination of two new executives. Douglas A. Campbell P. Eng., M.B.A., as Executive Vice President of Sales and Business Development and Parag P. Jhonsa, as Executive Vice President Operations. Read more
• November 3, 2010 - Notice of ProSep 2010 Third Quarter Results and Conference Call ... - MONTREAL, QUEBEC - ProSep Inc. dedicated to providing process solutions to the oil and gas industry, will release its 2010 third quarter financial results on Thursday, August 11, 2010 at 7:00 a.m. (EST). Read more
• October 7, 2010 - ProSep Will Supply $1.5 Million of Addtional Equipment to South American Customer ... - MONTREAL, QUEBEC - ProSep Inc. announced it will supply $1.5 million of additional equipment associated with a CO2 gas membrane treatment plant currently being delivered to a South American customer. Additional equipment includes the supply of spare gas membranes. Read more
• September 27, 2010 - ProSep Signs $2 Million in After Market Contracts ... - MONTREAL, QUEBEC - ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it will supply $2 Million in after market services and spare parts to clients located in Kuwait and the United-States, for produced water and gas treatment systems. Read more
• September 23, 2010 - ProSep Ranked 7th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50 ^TM ... - - ProSep also receives third consecutive Technology Green 15^TM award - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it ranked for a second consecutive year among the Deloitte Technology Fast 50TM, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. ProSep ranked seventh with a 10,203 percent revenue growth from 2005 to 2009. The Company also received for the third consecutive year, a Technology Green 15TM Award created in 2007 to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology. Read more
• August 24, 2010 - ProSep Signs $2.4 Million (US) in New Contracts ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it has received new contracts in the United States, South America and Asia Pacific for a total of $2.4 million (US). Read more
• August 11, 2010 - ProSep Reports 2010 Second Quarter Financial Results ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced its financial results for the three and six-month period ended June 30, 2010. All amounts are reported in Canadian dollars unless otherwise stated. Read more
• August 9, 2010 - ProSep Awarded $4.6 Million (U.S.) in New Contracts in Asia Pacific ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a $4.1 million (U.S.) contract to provide a gas dehydration system for a natural gas development project located in the South China Sea. Delivery is expected to occur during the third quarter of 2011.For commercial reasons, no further details have been provided. ProSep was also recently awarded a contract valued at $0.5 million (U.S.) to supply a chemical injection package for a leading engineering and construction services provider. Read More
• August 4, 2010 - Notice of ProSep 2010 Second Quarter Results and Conference Call ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, will release its 2010 second quarter financial results on Wednesday, August 11, 2010 at 7:00 a.m. (EST). Read more
• July 8, 2010 - ProSep Awarded $2.0 Million (U.S.) Contract for Canadian Oil Sands Market ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a $2.0 million (U.S.) contract to provide process engineering and specialized internals for crude separation. Read more
• May 18, 2010 - ProSep Appoints Two Highly Regarded Directors ... - Claude Fontaine and Joseph Wilson bring significant industry and corporate governance experience - MONTREAL, QUEBEC - ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that Claude Fontaine, Q.C. and Joseph Wilson have been appointed to the Company's Board of Directors, bringing significant industry and corporate governance experience. Read more
• May 17, 2010 - ProSep Announces Second and Final Tranche of Private Placement ... - For Aggregate Gross Proceeds of $3.7 Million - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it has closed a second and last tranche of its private placement previously announced on May 6, 2010. ProSep issued 8,080,769 common shares at a purchase price of $0.13 for gross proceeds of approximately $1,050,500. Read more
• May 17, 2010 - ProSep to Supply US $2.2 Million Produced Water Treatment Package in South East Asia ... - System to Treat 75,000 BDP Offshore - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it was awarded a contract to supply a 75,000 barrel per day (BPD) produced water treatment package for installation on an offshore facility in the South China Sea. Read more
• May 13, 2010 - ProSep Reports First Quarter 2010 Financial Results ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced its financial results for the three-month period ended March 31, 2010. All amounts are reported in Canadian dollars unless otherwise stated. Read more
• May 7, 2010 - ProSep Announces $2.65 Million Private Placement (Closing of First Tranche) ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it has closed a tranche of its private placement previously announced on May 6, 2010. ProSep issued 20,384,616 common shares at a purchase price of $0.13 for gross proceeds of approximately $2,650,000. Read more
• May 6, 2010 - ProSep Announces Private Placement of up to $3.7 Million ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced that it intends to complete a private placement of up to 28,461,538 common shares at a purchase price of $0.13, for a minimum of $2.7 million and up to a maximum of $3.7 million. Gross proceeds from the private placement will be used for working capital purposes. Read more
• May 5, 2010 - Notice of ProSep's 2010 First Quarter Results and Conference Call and Annual Special Shareholders Meeting ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, will release its 2010 first quarter financial results on Thursday, May 13, 2010 at 7:00 a.m. (EST). Management will hold a conference call the same day, Thursday, May 13, 2010 at 8:00 a.m. (EST) to review the financial results and highlights of the quarter. Read more
• May 3, 2010 - ProSep to Supply Water Treatment System to Dragados Offshore ... - Oil / Water Separation Solution to be Installed on PEMEX Offshore Platform - MONTREAL, QUEBEC – Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a contract to supply a water treatment system to Dragados Offshore for a Pemex platform located in the Gulf of Mexico. Read More 
• March 25, 2010 - Prosep's Technology Used for CO2 Capture ... - Proprietary Solution to be Used by Statoil and Shell at their Norway State-of-the-Art Carbon Capture Testing Facility - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, announced that its proprietary technology will be used as an important process component for carbon capture technologies to be tested by Statoil, Norske Shell and Gassnova at their European CO2 Technology Center at Mongstad in Norway. Read More 
• March 11, 2010 - ProSep Reports 2009 Financial Results ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced its financial results for the three and twelve-month periods ended December 31, 2009. All amounts are reported in Canadian dollars unless otherwise stated. Read More 
• March 3, 2010 - Notice of ProSep 2009 Fourth Quarter and Annual Results Conference Call ... - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, will release its 2009 fourth quarter results on Thursday, March 11, 2010 at 7:00 a.m. (EST). Read More 
• January 27, 2010 - ProSep to Supply $3.6 Million Produced Water System to Oil and Gas Super Major ... - Proprietary Solution to be Installed on Offshore Platform in the North Sea - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a $3.6 million (CAD) contract to supply a proprietary CTour produced water treatment system for an offshore redevelopment project located in the Norwegian Continental Shelf. Read More 
• January 18, 2010 - ProSep to Supply $3.5 Million Gas Membrane System ... - System Designed to Facilitate Enhanced Oil Recovery Activities - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, announced it was awarded a $3.5 million (U.S.) contract to provide gas membrane equipment to a large independent North-American oil and gas company. This system will be used for enhanced oil recovery (EOR) in Texas. Read More 
• January 12, 2010 - ProSep to Supply Produced Water Treatment System in South East Asia ... - System Will Treat 13,000 Barrels Per Day Offshore - MONTREAL, QUEBEC – ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, announced it was awarded a contract to supply a 13,000 barrel per day (BPD) proprietary produced water treatment system to a major oil and gas producer, for installation on an offshore processing platform in South East Asia. Read More 
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