OTTAWA, Aug. 17, 2017 /CNW/ - Clearford Water Systems Inc. ("Clearford" or the "Company"), (TSX-V:CLI), a TSX Venture 50 Company, today announced winning the Frost & Sullivan 2017 Best Practices Award for Enabling Technology Leadership in the Decentralized Water and Wastewater Treatment Industry. Access to the report is available at https://ww2.frost.com/files/2315/0282/8312/Clearford_Water_Systems_Inc_Award_Write_Up.pdf
Frost & Sullivan recognized the success of Clearford's Fetherston project in Kemptville, Ontario, where delivery of a Clearford One® wastewater system with containerized membrane bioreactor treatment prevented the eviction of 80 residents from their homes because of health concerns over failing septic systems. Clearford's Jambudiyapura sanitation project in India was also cited for its impact in making it the first open defecation free village in the State of Gujarat and leading to additional project opportunities in India.
"While most companies focus their attention on only improving the efficiency of the final/end treatment systems, Clearford focuses on optimizing the entire wastewater cycle including collection and treatment," said Paul Hudson, Research Analyst at Frost & Sullivan. "By incorporating onsite primary treatment in decentralized ClearDigest® units, the efficiency and cost effectiveness of the entire wastewater system is greatly improved."
"Through its Clearford One offering, Clearford has provided a one-stop solution for the entire wastewater treatment cycle, and its unique business model—the pay-for-performance financing scheme—has made the company a reliable and cost-effective solution provider," he continued.
"Clearford's future strategy for growth and market expansion is through acquisitions that will strengthen its ability to provide customized solutions that can cater to any end-user needs," Mr. Hudson concluded.
As previously disclosed in the Company's press releases on June 22 and July 28, 2017, Clearford is executing a new strategic business plan to support its growth through a series of acquisitions that provide a path for the Company to control all aspects of delivering cost effective water and wastewater services, including treatment plant fabrication and long-term system operations. The first acquisition is expected to be completed before the end of the fiscal year.
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.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. http://www.frost.com
The annual Best Practices Awards recognize companies throughout a range of regional and global markets for superior leadership, technological innovation, customer service, and strategic product development. Frost & Sullivan's industry analyst team benchmarks market participants and measures their performance through independent, primary interviews, and secondary industry research in order to evaluate and identify best practices. Frost & Sullivan's intent is to help drive innovation, excellence and a positive change in the global economy by recognizing best-in-class products, companies and individuals. https://ww2.frost.com/about/best-practices-recognition/
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