CALGARY, Oct. 1, 2014 /CNW/ – Pure Technologies Ltd. (“Pure” or the “Company”) (TSX: PUR) announced
today that it has closed its previously announced acquisition of the
oil and gas pipeline inspection services business and related assets of
Hunter M^cDonnell Pipeline Services, Inc. and its affiliated companies, a leading
provider of technology-driven integrity services to the oil and gas
pipeline industry.

“We are pleased to complete this milestone transaction, and we warmly
welcome the more than 60 new employees to the Pure family,” said Jack
Elliott, President and CEO of Pure. “Through our combined entity,
PureHM Inc., we now have a direct presence in key markets including
Alberta, California and Texas, and we are poised to provide
unparalleled services and value to our oil and gas pipeline customers
while creating further growth opportunities for the Company as a
whole.”

As stated within the Company’s news release dated September 12, 2014,
the purchase price was $8 million, consisting of $6 million in cash and
$2 million in common shares of Pure, issuable in equal tranches on each
of the first, second and third anniversaries of the closing date of the
transaction.

About Pure Technologies Ltd.

Pure Technologies Ltd. is an international asset management, technology
and services company which has developed patented technologies for
inspection, monitoring and management of critical infrastructure around
the world. Pure’s business model incorporates four distinct but
complementary business streams:

• Sales of proprietary monitoring technologies for pipelines, bridges and
  structures;
• Recurring revenue from data analysis, site maintenance, and from technology licensing;
• Premium technical services including pipeline inspection, leak detection and condition assessment;
• Specialized engineering services in areas related to asset management, primarily in the area of pipeline
  condition assessment for water and wastewater infrastructure.

Forward-Looking Statements

This News Release contains forward-looking statements, including,
without limitation, statements containing the words “should”,
“believe”, “anticipate”, “may”, “plan”, “will”, “continue”, “intend”,
“expect”, “estimate” and other similar expressions. These statements
constitute “forward-looking information” within the meaning of
applicable Canadian securities laws. These statements are based on the
Company’s current expectations, estimates, forecasts and assumptions.
Forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties and other important factors that
could cause the Company’s actual performance to be materially different
from that projected. Examples of these statements would include those
where the Company forecasts the timing of new and existing projects,
the success of the Company’s new technologies and entering new markets,
the Company’s ability to generate future cash flows and the timing and
amount of future dividend payments. The assumptions, risks and
uncertainties that could cause actual results to differ materially from
the forward-looking information, include, but are not limited to,
market changes, the Company’s ability to deliver services in a timely
and cost effective manner, technological change, changes in general
economic conditions and other risks detailed from time to time in our
ongoing filings with the Canadian securities regulatory authorities,
including those in the Company’s Annual Information Form, which filings
can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by applicable securities laws,
the Company undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise.

Registered Trademarks, property of Pure Technologies Ltd.

“The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release”

SOURCE Pure Technologies Ltd.