OTTAWA, Aug. 24, 2015 /CNW/ - Clearford Water
Systems Inc. ("Clearford" or the "Company"), (TSX-V: CLI), today
announced commencement of installation of Clearford One™ to service
the Fetherston Mobile Home Park in North Grenville
Ontario. The system will collect and treat sanitary sewage for
46 permanent residences. Clearford also will acquire the existing
potable water treatment system which includes ultra violet
purification by the Hallett® system manufactured by UV Pure
Technologies Inc. of Toronto, a
subsidiary of Clearford.
The $1 million system is designed,
funded, installed and operated by Clearford Water Utility
(Fetherston) Inc. under a 30 year Service Agreement with
Fetherston Mobile Home Park Association. The Association will pay a
fixed charge of $221.24 plus HST per
month per residence, adjusted annually to reflect the change in the
Consumer Price Index. The system is scheduled to be
operational before year end 2015. This Clearford Pay For
Performance™ delivery model is available to Municipalities in
Ontario and was announced in
January 2015.
The Clearford One ™ system is based on distributed treatment at
the sewage source in ClearDigest™, collection of liquid outflow
from ClearDigest™ through a small bore flexible pipe network,
ClearConvey™, and final treatment meeting all regulatory
requirements performed by ClearDigest™.
For Fetherston, ClearDigest will incorporate a packaged Membrane
BioReactor (MBR) supplied to Clearford by Koester–Team Aquatic
(KTA). Operation of the Fetherston system has been contracted by
Clearford to KTA, an established Ontario operator of wastewater treatment
plants. Clearford retains full responsibility for the system with
service functions performed by KTA.
"Clearford One™ provides this community with wastewater
management service that is affordable for residents while providing
environmental performance superior to conventional systems ",
said Kevin Loiselle,
Clearford's President and CEO. "We believe that Clearford One™
and the Pay For Performance™ delivery model will allow many
communities in Ontario to meet
wastewater management needs without being burdened by debt and with
full life cycle service charges significantly lower than the cost
of conventional systems," Mr. Loiselle said.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as term defined in policies of 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,
ClearConvey™ small bore sewer, and ClearRecover™ final treatment
facility. For more information on Clearford Water Systems, please
visit www.clearford.com .
About UV Pure Technologies Inc.
UV Pure Technologies
manufactures technically advanced UV water purification systems.
The Company has won an Artemis Top 50 Clean Tech Company award, two
Frost and Sullivan Best Practices awards, a Canadian Drinking Water
Association award for innovation, and is a Going Green Global Top
200 company.
There are currently over 14,000 UV Pure systems in residential,
commercial, industrial, public and municipal applications, with
flow rates up to 1 million gallons per day. An aerospace version of
UV Pure's system is being used by Boeing to purify water on its new
787 Dreamliner.
UV Pure's patented Crossfire Technology® is
dramatically advantaged compared to conventional UV systems. Lamps
are mounted in air surrounded by elliptical reflectors providing
more effective deactivation of pathogens, facilitating easy lamp
changes and visual quartz inspection. They are self-cleaning, smart
– with multiple sensors and on-board diagnostics guiding
maintenance, engineered to be fail-safe, virtually maintenance
free, and are plug-in ready for remote monitoring. For more
information on UV Pure Technologies, please visit
www.uvpure.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 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.
