Business
ENPAR Hosts Chairman and CEO of Miahona Update on Business Activities in The Middle East
(via Thenewswire.ca) November 5, 2012. Guelph, Ontario.(TSX-V:ENP) ("ENPAR" or "the Company...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\nENPAR Hosts Chairman and CEO of Miahona Update on Business Activities in The Middle East\n\n(via Thenewswire.ca)\n\n \nNovember 5, 2012. Guelph, Ontario.(TSX-V:ENP) (\"ENPAR\" or \"the Company\") \n\n \n \nOn October 12, 2011, Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. announced that the Company had entered into a Memorandum of Understanding (MOU) with Miahona of the Kingdom of Saudi Arabia (\"KSA\") to develop markets for ENPAR's array of state-of-the-art water treatment technologies in KSA and other regions of the Middle East.\n\n \n \nA fully-owned subsidiary of the Arabian Company for Water and Power Development Ltd. (ACWA Holding), Miahona is a world-class company which provides management services for industrial and urban utilities (management and concession) for water supply, waste water collection and treatment facilities. \n\n \n \nDuring the past twelve months, a joint technical/business development team has been engaged in business development activities centering on the introduction of ENPAR's innovative water treatment systems within the two major industrial regions of the KSA. \n\n \n \nAs a result of recent positive developments arising from our joint business activities, ENPAR is pleased to have hosted Miahona representatives at the Company headquarters in Guelph, ON. During the past week, Dr. Walid Abderrahman, Chairman & CEO of Miahona, audited the Company's manufacturing facilities and the full-scale demonstration unit currently operating at a local municipal facility. \n\n \n \nDr. Shelp commented, \"Our joint efforts have identified specific applications and target end-users within the petro-chemical and energy sectors for ENPAR's innovative water treatment systems and near term sales are anticipated within the KSA. Successful implementation of our ESD and AmmEL systems will result in a formal joint venture agreement. Future business development activities will include the oil and gas, mining, food and beverage and municipal sectors. \" \n\n \n \nIt has been reported that the Middle East and North Africa region supports five percent of the world's population with less than one percent (1%) of the global, available water supply. The value of the reuse market in Saudi Arabia is estimated at USD $3.4 billion for the period 2009 - 2016, making it the third largest water reuse market in th...