OTTAWA, April 23, 2019 /CNW/ - Clearford Water Systems Inc. ("Clearford" or the "Company"), (TSXV: CLI), today announced that it has signed a contract with the Anarde Foundation to install the Clearford One™ system in the village of Plot Pada, located northeast of Vasai, Maharashtra. The project is funded through the corporate-social responsibility (CSR) commitments of a leading finance company and will be facilitated by Samhita Social Ventures.
Through its subsidiary Clearford India Pvt. Ltd., Clearford will deliver an end-to-end sanitation solution, including refurbishing the school toilets and building bathroom facilities for all 86 households of the village. The project includes large scale behavior change and treatment of all black as well as gray water. The Clearford One system will improve public health and the quality of life for residents of Plot Pada with a permanent and locally sustainable sanitation solution that protects local water resources. The total project is valued at 13,950,000 INR (approximately $270,000 CAD).
The Company's first sanitation project in 2016 for 56 homes at Jambudiyapura village, became the first Total Sanitation Open Defecation Free (ODF) village in Gujarat. Installing the Clearford One system decreased the incidence of diarrheal illnesses in residents and enabled treated water reuse for local agriculture. "Clearford One technology delivered under the CSR model with dedicated partners is a proven effective approach towards improving public health and managing local water resources in rural India," said Kevin Loiselle, President and CEO of Clearford.
"Clearford's persistence over the years at proving its unique technology in the Indian market is translating to more and larger village sanitation projects in a country where sustainable water, sanitation and hygiene (WASH) models are increasingly being pursued by governments, NGO's and corporate sponsors," he continued. "We now have the recognition, strategic partnerships, and momentum to roll out the Clearford model on a larger scale across India."
Clearford's activity in India has grown in recent months, with construction of two other village sanitation projects underway in Gujarat and Tamil Nadu States (previously announced on December 20, 2018), and signing of a fifth project contract for sanitary servicing at an industrial facility—this latest at the Mahindra Vehicles Manufacturing Ltd. plant in Pune, Maharashtra, scheduled for completion by the end of May 2019.
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About Clearford Water Systems Inc.
Clearford Water Systems is a provider of unified water management solutions for the design, deployment, financing and operation of water infrastructure systems. The Company's technology-based water solutions include Clearford One® wastewater infrastructure systems, Clearford M-brane™ packaged treatment solutions, and a full range of UV Pure® water disinfection products. For more information, 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 factors; 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