Clearford Finalizes Strategic Alliance to Deliver Integrated Water Management
Solutions to the Global Market
Clearford uses patented technologies to create systems for sealed wastewater collection, partial treatment, and water distribution. Filter Innovations is a leader in the delivery of containerized Membrane Bioreactor (MBR) wastewater treatment systems. Aslan, among its varied areas of expertise, provides innovative Reverse Osmosis (RO) technology and equipment for water purification.
"This relationship further allows Clearford to achieve its global mandate of delivering turnkey projects that collect and convert wastewater into clean water and energy. Clearford's Small Bore Sewer(TM) (SBS(TM)) system is the enabling technology that makes state-of-the-art treatment technologies - like those provided by our strategic alliance partners - efficient, sustainable and highly cost-effective. The approach undertaken by Aslan, Filter Innovations and Clearford is ideally suited to the majority of the world where water resources are scarce. In these water-restricted areas the old ways of wastewater collection and the disposal of contaminated waste streams are neither practical nor preferred," said
"At Filter Innovations, we are excited about the opportunity to work with Clearford and Aslan to offer communities an integrated water solution," says company
"The wastewater integrated purification system (WIPS) being offered through this alliance has the potential for dynamic worldwide application," says Clearford
As consideration for revenues generated from the strategic alliance agreements, Clearford has agreed to compensate both Aslan and Filter Innovations based on actual revenues earned by Clearford, arising from said agreements, in the form of equity in Clearford. The terms and conditions of this compensation are to be finalized at the time of Clearford's next financing and remain subject to TSX Venture Exchange approval.
While Clearford, Filter Innovations and Aslan believe that significant and near term opportunities exist for this integrated solution, there can be no assurance that customer agreements will be reached or that such agreements will be profitable should they be implemented.
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(TM) (SBS(TM)), a watertight small diameter wastewater collection system that provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. Clearford's SBS(TM) technology and industry expertise provide the enabling platform to deliver, on a global basis, turnkey, fixed-price wastewater collection, treatment and energy generation solutions that are ideally suited for water-scarce regions, those with unreliable water distribution networks, and new developments seeking a greener approach to water and wastewater management. For more information on Clearford, please visit www.clearford.com.
About Filter Innovations Inc.
Filter Innovations, founded in 1992, is a leading provider of innovative treatment solutions for wastewater, groundwater, process water, and air. Current turnkey solutions include Air Scrubber Systems, Odour Control Systems, Chemical Waste Treatment Systems, Dissolved Air Flotation Systems, Engineered Filter Systems, Membrane Biological Reactor Systems, and Ultra Filtration Systems. These systems are supplied with advanced control and telemetry systems that support remote system monitoring, remote system operation, remote data logging, and remote product support. For more information, please visit www.filterinnovations.com.
About Aslan Technologies
Established in 1992 and based in
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.
For further information: Bruce Linton, President and CEO, Clearford Industries Inc., Phone: (613) 599-6474 ext. 301, www.clearford.com
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