BURNABY, BC, Oct. 30, 2012 /CNW/ - IWG Technologies Inc., through its subsidiary, International Water-Guard Industries Inc., is pleased to announce it has been selected by FACC AG of Austria to design, build and supply the water system for Bombardier's CL 300 redesign program. Deliveries are to commence in the spring of 2013 and run the life of the program.
"IWG is pleased to have been selected as a partner to FACC AG a world class aviation Company and looks forward to a long term relationship with them" says Bruce MacCoubrey IWG's President.
"This new and innovative compact water system" provides IWG the opportunity to expand its product line says Brian Ulrich V.P. Engineering and Business Development at IWG.
IWG Technologies, Inc is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company providing innovative solutions and products to the aviation industry, more specifically, aircraft potable water treatment, water systems, heaters and components. These products are lightweight and compact and provide high quality temperature-controlled water for passengers, crew, and the aircraft operator.
On behalf of the Board of Directors
IWG Technologies Inc.
"Bruce W. Gowan"
Chair of the Board
This news release contains certain forward-looking statements that reflect the current views and/ or expectations of IWG with respect to its performance, business and future events including statements with respect to completion of proposed or future transactions. Such statements are subject to a number of risks, uncertainties and assumptions, which may cause actual results to be materially different from those expressed or implied including the risk that required approvals will not be obtained and that suitable additional businesses may not be identified. IWG assumes no future obligation to update these forward looking statements except as required by applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
TSX VENTURE: IWG
SOURCE: IWG Technologies Inc.
For further information:
IWG Technologies, Inc.
Unit One - 3771 North Fraser Way,
Burnaby, BC V5J 5G5 Canada
Tel: (604) 255-5555, Fax: (604) 255-5685