Clearford Announces Appointment of President and Chief Operating Officer
28 May 2012 - 10:30PM
PR Newswire (Canada)
OTTAWA, May 28, 2012 /CNW/ - Clearford Industries Inc. ("Clearford"
or the "Company"), Bruce Linton, Chief Executive Officer, today
announced the appointment of Kevin Loiselle to the position of
President and Chief Operating Officer. Mr. Loiselle will be
responsible for all operations of Clearford, including research and
development, sales and project delivery. In announcing the
appointment Mr. Linton said, "Kevin joined Clearford as Vice
President Sales in October 2011 and has provided excellent
leadership in converting project opportunities to deliverable
contracts. In his expanded role, Kevin will apply this experience
and ability to close and deliver customer projects and direct
continued enhancement of the Clearford product. "Historic sanitary
sewer systems have relied on pumping waste water and bio-solids to
central treatment facilities', Mr. Linton continued. "There
is immediate and very significant demand for sanitary sewage
collection and treatment for nearly 40% of the world's population
that today has no access to such services. Most of this demand is
in areas where clean fresh water is scarce. The Clearford system
digests bio-solids in digesters located near the sewage source,
conveying only liquids for central treatment. The result is
competitive capital cost, lower operating cost, reduced water
consumption and improved quality of water post treatment. The
President will lead the Clearford team in project sales and
delivery to begin to meet this need while I will work with
international agencies and regional infrastructure suppliers to
forge relationships to broaden Clearford's market impact," he said.
"I am very confident in the market opportunity for the Clearford
wastewater collection and treatment solution", Mr. Loiselle
said. "During the next 12 months I expect to see the company
achieve positive earnings from operations based on closing and
delivering projects both in Canada and internationally. In
the longer term I believe that the Clearford system will become a
significant factor in bringing clean water and sanitary sewage
collection and treatment to many areas of the world," he said.
About Clearford Industries Inc. Clearford Industries Inc. is the
developer of the patented Small Bore Sewer ™ (SBS™), a watertight
small diameter wastewater collection system that provides servicing
with superior operational and environmental performance at a
significantly lower cost when compared to historic gravity
sewers. Clearford's SBS™ technology and industry expertise
provide the enabling platform to deliver, on a global basis,
turnkey, fixed-price wastewater collection, treatment and energy
generation solutions that are ideally suited for water-scarce
regions, those with unreliable water distribution networks, and new
developments seeking a greener approach to water and wastewater
management. For more information on Clearford, please visit
www.clearford.com. Forward Looking Statements This news release
contains certain statements that constitute forward-looking
statements as they relate to the Company and its management.
Forward-looking statements are not historical facts but represent
managements current expectation of future events, and can be
identified by words such as "believe", "expects", "will",
"intends", "plans", "projects", "anticipates", "estimates",
"continues" and similar expressions. Although management believes
that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that they will
prove to be correct. By their nature, forward-looking statements
include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions,
actions or events to differ materially from those in the
forward-looking statements. If and when forward-looking
statements are set out in this news release, Clearford will also
set out the material risk factors or assumptions used to develop
the forward-looking statements. Except as expressly required by
applicable securities law, the Company assumes no obligation to
update or revise any forward looking statements. The future
outcomes that relate to forward-looking statements may be
influenced by many factors, including, but not limited to: industry
cyclicality; the ability to secure third party agreements;
successful integration of Clearford's system with third party
technology; competition; reduction in demand for products;
collection from customers; relationships with suppliers; product
liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth;
effect of market interest rates on price of securities; and
potential dilution. Clearford Industries Inc. CONTACT: Bruce
LintonChief Executive OfficerClearford Industries Inc.Phone: (613)
599-6474 ext. 301www.clearford.com
Copyright
Clearford Water Systems (TSXV:CLI)
Historical Stock Chart
From Jan 2025 to Feb 2025
Clearford Water Systems (TSXV:CLI)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about Clearford Water Systems Inc (TSX Venture Exchange): 0 recent articles
More Clearford Industries Inc. News Articles