BURNABY, BC, Feb. 14, 2012 /CNW/ - IWG Technologies, Inc is pleased to announce the signing of a Letter of Agreement between Embraer SA of Brazil and International Water-Guard Industries, Inc. for the optional installation of the IWG-A4 ultraviolet water treatment unit on Embraer Legacy 600 and Legacy 650 aircraft.
"This is an important milestone for both IWG and Embraer," said David Fox, IWG's president & CEO. "For us, this is the beginning of a formal relationship with a very important and growing airframe manufacturer. For Embraer, this marks the introduction of active ultraviolet water treatment as a product option for their business jets. This will allow passengers and crew to benefit from a unique water-borne contamination protection system, wherever they are in the world," he added.
The first installation will be of an IWG-A4 water treatment unit on Embraer's demonstrator Legacy 650 aircraft in San Jose dos Campos, Brazil. The installation has been designed by International Water-Guard, and their Brazilian partners Avionics Services of Sao Paulo. It will be authorized under an ANAC STC, which will be followed by an FAA STC. The package will then be available for order for "green" Legacy 600/ 650 aircraft as well as retrofit, and may be ordered through Embraer Business Jets as well as International Water-Guard.
IWG Technologies, Inc is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company focusing on aircraft potable water treatment, water systems, heaters and components. IWG has expertise in all aspects of water treatment, and has the products and know-how to provide high quality water for passengers and crew, and lightweight, space saving solutions for the aircraft operator.
On behalf of the Board of Directors
IWG Technologies, Inc
International Water-Guard Industries Inc.
"David C. Fox"
President and CEO
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
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