OTTAWA, April 23, 2019 /CNW/ - Clearford Water Systems
Inc. ("Clearford" or the "Company"), (TSXV: CLI), today announced
that it has signed a contract with the Anarde Foundation to install
the Clearford One™ system in the village of Plot Pada,
located northeast of Vasai, Maharashtra. The project is funded
through the corporate-social responsibility (CSR) commitments of a
leading finance company and will be facilitated by Samhita Social
Ventures.
Through its subsidiary Clearford India Pvt. Ltd., Clearford will
deliver an end-to-end sanitation solution, including refurbishing
the school toilets and building bathroom facilities for all 86
households of the village. The project includes large scale
behavior change and treatment of all black as well as gray water.
The Clearford One system will improve public health and the
quality of life for residents of Plot Pada with a permanent and
locally sustainable sanitation solution that protects local water
resources. The total project is valued at 13,950,000 INR
(approximately $270,000 CAD).
The Company's first sanitation project in 2016 for 56 homes at
Jambudiyapura village, became the first Total Sanitation Open
Defecation Free (ODF) village in Gujarat. Installing the
Clearford One system decreased the incidence of diarrheal
illnesses in residents and enabled treated water reuse for local
agriculture. "Clearford One technology delivered under the CSR
model with dedicated partners is a proven effective approach
towards improving public health and managing local water resources
in rural India," said Kevin Loiselle, President and CEO of
Clearford.
"Clearford's persistence over the years at proving its unique
technology in the Indian market is translating to more and larger
village sanitation projects in a country where sustainable water,
sanitation and hygiene (WASH) models are increasingly being pursued
by governments, NGO's and corporate sponsors," he continued. "We
now have the recognition, strategic partnerships, and momentum to
roll out the Clearford model on a larger scale across India."
Clearford's activity in India
has grown in recent months, with construction of two other village
sanitation projects underway in Gujarat and Tamil Nadu States
(previously announced on December 20, 2018), and signing of a
fifth project contract for sanitary servicing at an industrial
facility—this latest at the Mahindra Vehicles Manufacturing Ltd.
plant in Pune, Maharashtra,
scheduled for completion by the end of May
2019.
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 is a provider of unified water
management solutions for the design, deployment, financing and
operation of water infrastructure systems. The Company's
technology-based water solutions include
Clearford One® wastewater infrastructure systems,
Clearford M-brane™ packaged treatment solutions, and a full range
of UV Pure® water disinfection products. For more
information, 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 factors; 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.
