Business
Water Research Division of Major International Company to Evalute Enpar's Novel Water Treatment System
(via Thenewswire.ca) May 8, 2012 Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPA...
About this update from Current Water Technologies Inc
[{"type":"text","content":"\nWater Research Division of Major International Company to Evalute Enpar's Novel Water Treatment System\n\n(via Thenewswire.ca)\n\n \nMay 8, 2012 Guelph, Ontario. Dr. Gene Shelp, President and CEO of\nENPAR Technologies Inc. (\"ENPAR\"), is pleased to announce\nthat a division of a major international, integrated corporation\n(\"the Client\" or \"the Company\" or \"the\nCorporation\") has purchased a small-scale ENPAR water treatment\nsystem. The Company will assess the technology to determine its\napplicability to the broad range of uses within the diverse markets it\nserves.\n\n\n \nNamed as a Fortune Global 500 Company; the Client ranks among the top\n100 of the world's largest corporations.\n\n\n \nDr. Shelp commented, \"ENPAR anticipates that the success of the\nevaluation program will result in a formal business relationship with\nthe Client. This significant development has the potential to expedite\nthe commercialization and adoption of ENPAR's novel, state-of-the-art\nwater treatment technologies into the vast, high-growth global water\nand waste water treatment markets.\"\n\n\n \nPursuant to the terms of a recently executed Mutual Confidentiality\nAgreement, ENPAR is not at liberty to disclose the identity of the\nCorporation at present. However, ENPAR anticipates that the Parties\nwill enter into a formal binding contract in due course and\nShareholders will be informed as events unfold.\n\n\n \nAccording to a report published on June 22, 2011 by Business Wire, a\nBerkshire Hathaway Company, the global water and wastewater treatment\nmarket is estimated at between $400 billion and $500 billion annually,\nincluding $65 billion to $75 billion related specifically to\nequipment.\n\n\n \nENPAR is a \"Technology Company\" applying its patented and\nproprietary \"Electrochemical Technologies\" to the treatment\nof waste water and drinking water contaminated by metals or nutrients\ni.e., nitrate/ammonia associated with the mining, metal processing,\nchemical, agricultural, municipal and waste management sectors. The\ncommon shares trade on Tier ll of the TSX Venture Exchange under the\nsymbol \"ENP\".\n\n\n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange)\naccepts responsibility for the adequacy or accuracy of this release.\n\n\n \nFOR...