OTTAWA, June 18, 2015 /CNW/ - Clearford Water Systems Inc. ("Clearford" or the "Company") (TSXV: CLI) today announced that it has signed a contract with the Gurjarat Road and Infrastructure Company Limited (GRICL), a subsidiary of Infrastructure Leasing & Financial Services Limited (IL&FS), to install the Clearford OneTM system in a Jambudiyapura, a small village in the state of Gujarat, India.
Clearford will provide an end to end servicing solution, including purpose built toilet and bathing blocks, to 51 individual homes in the village. The unique aspects of the site will provide a full demonstration of the Clearford OneTM system in India. It is expected to drive sales within the state of Gujarat where Clearford previously announced a Memorandum of Understanding (MOU) with the Gujarat Water Supply and Sewage Board (GWSSB). This strategic partnership is intended to bring Clearford's proprietary all-in-one wastewater collection and treatment system (Clearford One™) to rural regions of the State of Gujarat. The ClearRecoverTM treatment option for this site is a Vision Earthcare CAMUS-SBT structured wetland specifically designed and sized to treat the Clearford effluent it is receiving.
"The signing of this contract along with the MOU signed in January with GWSSB is a huge step forward for the Company in India. The value of Clearford One™ in rural villages in India that have low water supply will become quickly apparent on the completion of this system which is expected to be fully operational before the end of this year", said Kevin Loiselle, President and CEO of Clearford. "Installation of Clearford OneTM in this village will provide an Indian reference site for Clearford's technology and showcase the complete solution our technology can provide. This is expected to lead to significant follow-on installations with the participation of both IL&FS and GWSSB. The Clearford One™ solution will make a significant contribution in meeting the sanitation needs of Gujarat and other States of India".
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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, SBS® 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