OTTAWA, Oct. 7, 2013 /CNW/ - Clearford Industries Inc. ("Clearford" or the "Company") (TSXV: CLI) today announced that it has
signed a $500,000 license agreement with West Capital Developments
(WCD) to implement its SBS® Collection Network as part of its Carp Airport Development. As part of
the license agreement Clearford received an initial fee of $50,000 with
the remainder of the contract being recognized over each of the 3
planned phases. Infrastructure construction is expected to begin in the
Spring of 2014.
"This project is another exciting step forward for Clearford as the
development is our first in Ottawa and is just minutes from our
offices. The proximity of the site will allow Clearford to showcase our
SBS® system to both local and international customers visiting our offices",
commented Clearford President and CEO Kevin Loiselle.
The Carp Airport Development, which was approved in 2003, is for a gated
community adjacent to a high-tech business airpark. Subsequent to an
ownership change in early 2013, whereby a new ownership group bought
control of WCD, the proposed residential $50 million project now
includes plans for the construction of 354 residential units and a
188-acre business park in the west-end of Ottawa on the airport
property. It is expected that estate lots ranging from half an acre to
five acres will start in the low $200,000s, and urban lots of 50 feet
by 150 feet will start in the low $100,000s. The residents of the new
community will receive city water, but will pay into a private sewage
treatment system based on the Clearford Small Bore Sewer®. The community will operate like a private condominium, with some of
the maintenance fees directed to the airport.
"For privately owned and operated sewage treatment systems, The SBS® System provides a cost effective collection network, which lowers the
capital cost and long term operating costs of sewage treatment" said
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 a water infrastructure company
that provides holistic solutions for all aspects of water delivery,
management, treatment and recycling. Clearford acts as a system
integrator and core solution provider in order to deliver end-to-end
water management for established and new communities. Clearford
partners with leading edge water treatment providers and local
constructors to deliver projects that integrate the Clearford patented
SBS® waste water collection system with potable water treatment &
supply, waste water treatment & recycling, and storm water management &
fire suppression systems.
The Clearford SBS® System is a patented watertight small diameter
solids-free wastewater collection system that provides servicing with
superior operational and environmental performance at a lower
installation & operational cost compared to other sewer systems.
Clearford currently has systems installed or under construction in
Canada, Colombia, Peru and India.
For more information on Clearford, 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 managements 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
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:
Clearford Industries Inc.
Phone: (613) 762-8402