OTTAWA,
Oct. 7, 2013 /CNW/ - Clearford
Industries Inc. ("Clearford" or the "Company") (TSXV: CLI) today
announced that it has signed a $500,000 license agreement with West Capital
Developments (WCD) to implement its SBS® Collection
Network as part of its Carp Airport Development. As part of the
license agreement Clearford received an initial fee of $50,000 with the remainder of the contract being
recognized over each of the 3 planned phases. Infrastructure
construction is expected to begin in the Spring of 2014.
"This project is another exciting step forward
for Clearford as the development is our first in Ottawa and is just minutes from our offices.
The proximity of the site will allow Clearford to showcase our
SBS® system to both local and international customers
visiting our offices", commented Clearford President and CEO
Kevin Loiselle.
The Carp Airport Development, which was approved
in 2003, is for a gated community adjacent to a high-tech business
airpark. Subsequent to an ownership change in early 2013, whereby a
new ownership group bought control of WCD, the proposed residential
$50 million project now includes
plans for the construction of 354 residential units and a 188-acre
business park in the west-end of Ottawa on the airport property. It is expected
that estate lots ranging from half an acre to five acres will start
in the low $200,000s, and urban lots
of 50 feet by 150 feet will start in the low $100,000s. The residents of the new community
will receive city water, but will pay into a private sewage
treatment system based on the Clearford Small Bore
Sewer®. The community will operate like a private
condominium, with some of the maintenance fees directed to the
airport.
"For privately owned and operated sewage
treatment systems, The SBS® System provides a cost
effective collection network, which lowers the capital cost and
long term operating costs of sewage treatment" said Mr.
Loiselle.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is a water infrastructure
company that provides holistic solutions for all aspects of water
delivery, management, treatment and recycling. Clearford acts as a
system integrator and core solution provider in order to deliver
end-to-end water management for established and new communities.
Clearford partners with leading edge water treatment providers and
local constructors to deliver projects that integrate the Clearford
patented SBS® waste water collection system with potable water
treatment & supply, waste water treatment & recycling, and
storm water management & fire suppression systems.
The Clearford SBS® System is a patented
watertight small diameter solids-free wastewater collection system
that provides servicing with superior operational and environmental
performance at a lower installation & operational cost compared
to other sewer systems.
Clearford currently has systems installed or
under construction in Canada,
Colombia, Peru and India.
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.
SOURCE Clearford Industries Inc.
