OTTAWA, Feb. 11, 2016 /CNW/ - Clearford Water Systems Inc. ("Clearford" or the "Company"), (TSXV: CLI), today announced that the Company has been ranked in the top ten Clean Technology & Life Sciences Sector on the TSX Venture Exchange 50. This is a prestigious group of top market performers from among the 1,791 companies listed on the Toronto Venture Exchange as of December 31, 2015.
"We are very pleased to receive this recognition from the TSX Venture Exchange. The TSX Venture Exchange continues to give Clearford significant presence in the public markets and we look forward to repeating our performance in 2016" said Clearford CEO Kevin Loiselle.
The 2016 TSX Venture 50 is a ranking of strong performers on the TSX Venture Exchange (TSXV) spanning Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life Sciences. Companies selected for the TSX Venture 50 have shown impressive results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on four equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage.
The TSX Venture Exchange is a unique incubator of public companies and the 2016 TSX Venture 50 achievements are strong evidence of the opportunities in this market. The shares of these companies also enjoy a liquid market, with a total of 3.0 billion shares trading over the course of 2015.
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 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.
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.
For further information: Kevin Loiselle, President & CEO, Clearford Water Systems Inc., Phone: (613) 599-6474 ext. 303, www.clearford.com