OTTAWA, Dec. 7, 2017 /CNW/
- Clearford Water Systems Inc. ("Clearford" or the
"Company"), (TSXV: CLI), winner of the Frost &
Sullivan 2017 Best Practices Award for Enabling Technology
Leadership in the Global Decentralized Water and Wastewater
Treatment Industry, today announced that it has signed
contracts for two new Clearford One® systems in
Gujarat State with McCain Foods (India) and Hilti Manufacturing India
Pvt. Ltd.
Clearford will provide complete on-site wastewater solutions for
the collection and treatment of sewage from toilets and washroom
facilities at the McCain plant in the Mehsana District and the
Hilti plant in Navsari. The ClearRecover® treatment
option for both sites is a low-cost facility by Vision Earthcare
Pvt. Ltd using the CAMUS‑SBT soil biotechnology that was
developed by the Indian Institute of Technology Mumbai. The
facilities are specifically engineered to treat Clearford One
effluent to a quality that is suitable for beneficial reuse for
on-site irrigation of landscaping around the facilities.
Complete Clearford One systems will be delivered at project
values of INR 73,52,832 (CAD $145,000) and
INR 20,68,235 (CAD $40,000) for the McCain and Hilti
sites, respectively.
"We are pleased to offer wastewater solutions that meet the
strict environmental and water conservation objectives of the
McCain and Hilti organizations," said Kevin
Loiselle, President & CEO of Clearford. "Industrial
operations worldwide are facing increasing pressure to minimize
their environmental impacts, and Clearford will continue to seek
opportunities to implement beneficial wastewater reuse enabled by
our affordable Clearford One system. These projects are
another step in our strategy to offer effective solutions to a
broader client base in the Indian market."
Mr. Loiselle also gave an update on progress to jointly
pursue opportunities with Essel Group Pvt. Ltd. and Tata
Projects Ltd. following the Memoranda of Understanding (MOUs)
previously announced on February 5, 2016 and
September 20, 2017, respectively. "While efforts are only
recently underway with Tata to identify potential communities for
Clearford One® servicing, our work with Essel Group
has advanced to identify two candidate sites that would clearly
demonstrate the impact of the Clearford wastewater servicing
approach," he said.
"We are also finalizing negotiations with the Nalanda Foundation
for wastewater servicing of a village in Jharkhand State that is
three times larger than the community in Gujarat where the first
Clearford One® system was installed with support
from IL&FS," Mr. Loiselle continued. The Nalanda
Foundation is a corporate-social responsibility (CSR) initiative by
Infrastructure Leasing & Financial Services Limited
(IL&FS), one of India's
leading infrastructure development and finance companies. "The
Indian market is showing confidence in the Clearford sanitation
solution," he concluded.
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 solutions for the design,
build, finance, operation and maintenance of water and wastewater
infrastructure systems. The Company's technology-based water
solutions include the Clearford One® wastewater
infrastructure systems, Clearford M‑brane™ packaged treatment
solutions, and a full range of UV Pure® water
disinfection products. Clearford is the winner of the
Frost & Sullivan 2017 Enabling Technology Leadership Award
for Global Decentralized Water & Wastewater Treatment. For
more information on Clearford Water Systems, please visit
www.clearford.com.
About McCain Foods (India)
McCain Foods (India) is a
wholly-owned subsidiary of McCain Foods Ltd., one of the
world's largest producers of French Fries and Potato Specialities
with over 50 manufacturing facilities around the world.
Headquartered in New Brunswick, Canada, McCain has grown to become a global
leader in the frozen food industry. Since 1998, McCain has been
engaged in agriculture R&D and in development of the frozen
food market in India and
subcontinent countries. McCain products are used by leading fast
food chains, hotels, restaurants, catering companies and are
popular for in-home consumption. For more information on McCain
Foods (India), visit
www.mccainindia.com.
About Hilti Manufacturing India Pvt. Ltd.
Hilti Manufacturing India Private Limited produces cutting
discs, large-blades, cup-wheels, core-bits for the global
mainstream and the diamond-service contractor markets. The company
is owned by the Hilti Group, a worldwide supplier of
technologically leading products, systems, software and services to
the construction industry. Hilti Manufacturing India is located in
Navsari, Gujarat and employs over 500 team members with
in-house research, development, and testing teams and facilities.
The company is ISO certified to ISO 9001:2015 and
ISO 14001:2015 standards, and is the only member of the
Organisation for Safety of Abrasives from India. For more information about Hilti
Manufacturing India, visit www.hilti.in/.
About Essel Group Pvt. Ltd.
For over three decades, Essel Group has been a leading business
conglomerate having diverse business presence across media,
entertainment, packaging, infrastructure, education, precious
metals and technology sectors. Essel has created an impressive
track record of value creation in all their businesses that
compares well with their respective industry peers. The companies
strive to bring the latest innovations and the best value offerings
to all consumers in a quest to deliver the best in class. With
worldwide operations and a workforce of over 8000 employees,
Essel Group is growing in strength day by day. Essel Infrastructure
is engaged in construction of roads, power plants and urban
infrastructure development and has built an impressive order book.
For more information about Essel Group Pvt. Ltd, visit
www.esselgroup.com.
About TATA Projects Limited
Tata Projects Limited is engaged in the engineering,
procurement, and construction of industrial infrastructure and
utility projects. It operates through four strategic business
units: Industrial Infrastructure; Urban Infrastructure; Quality
Services; and Utility Services. The company provides end-to-end
solutions to set up power generation plants, power transmission and
distribution systems, fully integrated rail and metro systems,
commercial buildings and airports, chemical process plants, water
and wastewater management solutions, complete mining and metal
purification systems. The company was incorporated in 1979 and
is based in Hyderabad, India with
a branch office in Abu Dhabi, United
Arab Emirates. It has offices in Mumbai and Noida, India; and Nairobi,
Kenya.
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.
