GUELPH, ON, March 11 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX: ENP) ("ENPAR" or the "Company"), is very pleased to announce that, on March 10, 2010, ENPAR technical staff completed the commissioning of its patented, full-scale commercial ammonia treatment plant at a mine site located in northeastern Ontario.
Pursuant to the Purchase Agreement, ENPAR will receive 12.5% of the total purchase price and 100% of the services price upon commissioning. The remaining 12.5% of the total purchase price will be received 60 days following the on-site commissioning date.
Environmentally hazardous ammonium-nitrate is a common form of blasting powder employed at most mining operations around the world. During cold weather months, many countries experience temperatures below 10 degrees C and the effectiveness of conventional biological systems for the treatment of ammonia is limited. The patented ENPAR AmmEL-LC System has proved to be highly effective at converting ammonia to environmentally friendly nitrogen gas at low temperatures. Unlike conventional approaches, the ENPAR system does not produce harmful by-products such as nitrate nor does it emit the greenhouse gas, nitrous oxide (N(2)O). AmmEL-LC offers the advantage of year-round treatment and discharge of wastewater and satisfies federal government environmental guidelines and mandates.
Dr. Shelp commented, "The commissioning of this full-scale AmmEL-LC System marks an important milestone in the progress of ENPAR. We commend the Mining Company for its commitment to responsible water management and are grateful for its confidence in the effectiveness of our technology as the best available water treatment system for ammonia. Ammonia in waste water represents a serious problem for the mining industry, municipal wastewater treatment facilities, and specific chemical industries worldwide. Management believes that this commercial success will provide impetus to mining companies and waste water facilities to investigate and purchase ENPAR's novel, environmentally friendly technologies."
About ENPAR Technologies Inc.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. ENPAR believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE ENPAR TECHNOLOGIES INC.
For further information: For further information: Dr. Gene Shelp, President and CEO, Tel: (519) 836-6155, Fax: (519) 836-5683, E-mail: firstname.lastname@example.org, Web Site: www.enpar-tech.com