OTTAWA, April 15, 2014 /CNW/ - Clearford Industries Inc.
("Clearford" or the "Company"), (TSXV: CLI), today announced it has
expanded its Indian sales effort into the State of West Bengal.
Clearford has spent over twenty years developing
a unique, proprietary sewage collection and treatment
system to meet sanitation needs in areas of low or variable
water supply and help mitigate the tremendous loss of life and
income earning opportunity that is caused by water borne
diseases.
Clearford has entered into an Agent of
Representation (AOR) agreement with Kolkata based, JB Enviro Consultants Pvt. Ltd.
to bring the Clearford system to West Bengal, India. "We are
very excited to have the opportunity to introduce Clearford's
SBS® into West Bengal" said Mr. Basudeb Das, JB Enviro's Managing
Director. "We believe this is an excellent solution to the
underserved sanitary services market here in West Bengal."
West Bengal possesses a business environment
receptive to new technology such as Clearford's and has become a
priority market segment for Clearford. "This endeavour has
benefited from significant support from the Canadian Trade Office
in Kolkata, and the Canadian High
Commissioner Mr. Stewart Beck" said
Kevin Loiselle, Clearford's
President and CEO, "we are very thankful for their efforts on our
behalf"
The Clearford-JB Enviro partnership has already
identified a number of viable projects in West Bengal including the
new educational campus of the famous St. Xavier's School, founded
1860. The prestigious school provides education to 2,300
students and includes in its alumni list a Prime Minister of
Pakistan, a Nobel Laureate and
many prominent Indian personalities from both private and public
life.
Clearford first became active in the Indian
market in 2010 and the entry into West Bengal completes the first
phase of Clearford's India strategy with local capable partners
identified and actively pursuing regional private and public
opportunities in all four geographic zones (North, South, East and
West).
Clearford has also developed a strong working
relationship with Engineers India
Ltd (EIL), one of the leading design and engineering
organizations in South Asia.
Together EIL and Clearford have focused on delivering services to
the Government of India and are currently negotiating the details
of a pilot project in Metro New Delhi. This geographic segmentation
strategy has resulted in the development of a large pipeline of
projects in Bangalore,
Hyderabad, Mumbai, Chandigarh, Delhi, Gurgaon and now Kolkata.
Beginning in 2013, and in cooperation with
Lakepoint Builders Pvt. Ltd. a subsidiary of the Hiranandani Group,
at their Villas at Devanahalli development in Bagalore, a Clearford
Smart DigesterTM and a standard septic tank were
installed side by side at a workers camp to compare operational
performance in the Indian environment. A third party is contracted
to monitor performance of each tank daily. Results of this
performance test will be released by early May.
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 the developer of the
patented Small Bore Sewer™ (SBS™) based solution, which enables the
efficient collection and treatment of sewage. Its superior
operational and environmental performance is achieved at a
significantly lower operational cost when compared to historic
gravity sewers. Clearford's SBS™ technology and industry
expertise provide the enabling platform to deliver on a global
basis, a turnkey, wastewater collection and treatment solution that
is ideally suited for; water-scarce regions, communities with
unreliable water distribution networks, and new developments
seeking a greener approach to full 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.
SOURCE Clearford Industries Inc.
