OTTAWA, Sept. 15 /CNW Telbec/ - Clearford Industries Inc. ("Clearford" or the "Company", TSX-V: CLI) today announced that it has finalized the creation of a strategic alliance with two leading edge environmental companies - Filter Innovations Inc. ("Filter Innovations") and Aslan Technologies Inc. ("Aslan"). The strategic alliance provides the capability to globally supply communities with integrated water management solutions encompassing wastewater collection, water treatment, reuse and distribution, and energy converted from biogas.
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 Bruce Linton, Clearford's President and CEO. Mr. Linton further commented, "The Clearford SBS(TM)'s high quality effluent provides excellent input to MBR processes like the advanced technology of the Filter Innovations solution. Aslan's RO technology provides further purification of the water, and the combination allows virtually the entire wastewater stream to be returned to water sources at a level that improves the quantity and quality of the water resources in the community. Clearford will deliver this combined solution under direct contract with end clients, and under sub-contracts with Filter Innovations and Aslan."
"At Filter Innovations, we are excited about the opportunity to work with Clearford and Aslan to offer communities an integrated water solution," says company President John Dragasevich. "We are able to customize our water treatment systems in a way that maximizes the benefits of Clearford's SBS(TM) technology, and since water conservation and environmental integrity are key considerations in many communities around the world, we believe that there is significant demand for the solution being offered through this alliance."
Mike Myers, President of Aslan, comments that, "Reuse of water resources is a key benefit of this alliance - whether it's recycling water for industrial or irrigation purposes, or providing a source of drinkable water in communities facing treatment challenges. We at Aslan look forward to working with Clearford and Filter Innovations to bring the best of our technology to bear in providing communities with a solution that addresses all of their water management needs."
"The wastewater integrated purification system (WIPS) being offered through this alliance has the potential for dynamic worldwide application," says Clearford Chairman Rod Bryden. "We are excited to embark on this partnership with two organizations with proven track records and excellent complementary technologies."
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 Burlington, Ontario, Aslan Technologies is a design and manufacturing company serving the chemical and water treatment industries. Drinking water installations include numerous resort, residential communities, and golf clubhouse facilities in Ontario - including Barrie Golf & C.C., King Valley Estates, King Valley Golf & C.C., Emerald Hills Estates, Emerald Hills Golf & C.C., Kingsview Estates, The Estates of Wyndance, and the Marriot "Red Leaves" Development. For more information, please visit www.aslantech.ca.
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