OTTAWA, June 15 /CNW/ - Clearford Industries Inc. ("Clearford" or the "Company", TSX-V:CLI) today announced it has established a pre-bid relationship with Engineers India Limited (EIL) to service communities within the boundaries of Delhi, India through three pilot projects using Clearford technology. The rural community of Bijwasan, a planned new development area within the urban boundaries of Delhi and an un-serviced colony area are the identified priority areas of the pilot projects. Each of the three identified pilot project areas contain populations in excess of 10,000 persons.
The pilot project sanitary sewer solution is being designed by Clearford utilizing the patented Small Bore Sewer System (SBS(TM)). With the Clearford SBS(TM) as the enabling technology, water treatment to potable standard and bio-gas conversion to electricity are available features of the servicing. Clearford will design the solution and supply specific elements including components of the digestion process, water treatment and methane conversion facilities. EIL will act as the site and construction engineers of record for the pilot projects.
Delhi is the the eighth largest metropolis in the world with over 12.25 million inhabitants. Araina Enterprises Pvt. Ltd. (AEPL) has the responsibility to market, develop specific project opportunities and assist in the delivery of Clearford projects in the Delhi area and other North Indian States. Mr. Karan Kohli C.O.O. of AEPL commented "Delhi increasingly is experiencing water scarcity due to intense urbanization. Delhi has more than 1,600 community areas that have been settled yet require sanitary sewer infrastructure." Mr. Kohli further stated "Through the Ontario Clean Technology Mission to India, lead by Mr. Dalton McGuinty, the Premier of Ontario, AEPL became aware of Clearford's solution. Delhi and India must and will adopt infrastructure that both operate within our limited daily water availability and enable reclamation of the water. I believe the pre-bid relationship with EIL will deliver the most professionally implemented pilots within the Delhi, India area."
Clearford and EIL are working to establish designs and costing proposals for contract execution in Q3 of 2010. Construction commencement is targeted to commence in Q4, 2010. The pilot project contracts are being sought with the Delhi water authority (JAL) or the Delhi Development Authority (DDA), dependent upon the project type and location.
While Clearford believes that significant and near term opportunities exist for the Company's 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 Engineers India Limited
Engineers India Limited is a premier design and engineering consultancy company in the fields of petroleum refining, pipelines, petrochemicals, offshore oil and gas, onshore oil and gas, terminal and storages, mining and metallurgy and infrastructure and is now diversifying into several new areas including nuclear energy, solar energy, gas based fertilizers and power plants and city gas distribution. Please visit www.engineersindia.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 Industries Inc.
For further information: For further information: Bruce Linton, President and CEO, Clearford Industries Inc., Phone: (613) 599-6474 ext. 301, www.clearford.com