OTTAWA, June 18, 2015 /CNW/ - Clearford Water Systems
Inc. ("Clearford" or the "Company") (TSXV: CLI) today announced
that it has signed a contract with the Gurjarat Road and
Infrastructure Company Limited (GRICL), a subsidiary of
Infrastructure Leasing & Financial Services Limited
(IL&FS), to install the Clearford OneTM system in a
Jambudiyapura, a small village in the state of Gujarat,
India.
Clearford will provide an end to end servicing solution,
including purpose built toilet and bathing blocks, to 51 individual
homes in the village. The unique aspects of the site will provide a
full demonstration of the Clearford OneTM system
in India. It is expected to drive sales within the state of
Gujarat where Clearford previously announced a Memorandum of
Understanding (MOU) with the Gujarat Water Supply and Sewage Board
(GWSSB). This strategic partnership is intended to bring
Clearford's proprietary all-in-one wastewater collection and
treatment system (Clearford One™) to rural regions of the State of
Gujarat. The ClearRecoverTM treatment option for this
site is a Vision Earthcare CAMUS-SBT structured wetland
specifically designed and sized to treat the Clearford effluent it
is receiving.
"The signing of this contract along with the MOU signed in
January with GWSSB is a huge step forward for the Company in
India. The value of
Clearford One™ in rural villages in India that have low water supply will become
quickly apparent on the completion of this system which is expected
to be fully operational before the end of this year", said
Kevin Loiselle, President and CEO of
Clearford. "Installation of Clearford OneTM in this
village will provide an Indian reference site for Clearford's
technology and showcase the complete solution our technology
can provide. This is expected to lead to significant follow-on
installations with the participation of both IL&FS
and GWSSB. The Clearford One™ solution will make a
significant contribution in meeting the sanitation needs of Gujarat
and other States of India".
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 Water Systems Inc.
Clearford Water
Systems Inc. (TSX-V: CLI) is a provider of unified water management
and sanitation systems based on Clearford One™. Clearford One™ is a
proprietary system comprised of ClearDigest™ smart digester, SBS®
ClearConvey™ small bore sewer, and ClearRecover™ final treatment
facility. For more information on Clearford Water Systems, 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
management's 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 Water Systems Inc.