(via Thenewswire.ca)
ORDER ADDITIONAL COMMERCIAL UNITS FOR ASIAN MARKET
May 27, 2013, Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX-V:ENP) ("ENPAR" or "the Company"), is very pleased to announce that the relationship between ENPAR and Apsu Water Technology Inc. ("APSU") has moved to the next step with the signing of a five (5) year Business Cooperation and Licensing Agreement. APSU will market ENPAR's suite of novel water treatment technologies for specific applications within several regions of Asia.
Over the past two months, APSU and an experienced scientific team in India have rigorously tested ENPAR's electrochemical water treatment system. The preliminary results indicate that the system represents an effective approach for the treatment of major groundwater issues currently facing the Asian governments, including arsenic, fluoride, nitrate, bacteria and viruses.
Tom Tranfaglia, founder and Chairman of APSU stated: "APSU has been looking for a partner to tackle Asia's contaminated water problems and ENPAR's state-of-the-art ESD technology can provide the solution. We believe that it can make a difference to the region's major healthcare issues and also promote many successful local businesses, which will promote further development in their area".
As per the agreement, APSU has ordered three (3) additional small scale systems for testing market opportunities that have arisen from these encouraging results.
Dr. Shelp commented that: "As previously stated, ENPAR's success in developing water markets is closely tied to strategic partners. By moving our relationship to the next level, APSU is demonstrating its commitment to ENPAR and to introducing the best available technologies for addressing major water issues in India and other parts of Asia. ENPAR is pleased to assist APSU in fully developing these business opportunities."
Currently, many Asian countries treat less than 10% of all waste water. Drinking water is purchased by 60% of the population as bottled water, and as an example, about 25% of China's population drink contaminated water every day. Also, water contamination is becoming a serious issue for food preparation and processing, as well as for the environment.
It is anticipated that the market in Asia for treatment of waste water and drinking water will reach USD $117B by the year 2015. Yet, this will result in only a 20% increase in overall treatment.
About ENPAR Technologies Inc.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water, desalination 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". At present, ENPAR holds a total of 20 patents and has submitted an additional 18 patent applications related to six distinct technologies.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo., President and CEO
ENPAR Technologies Inc.
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@enpar-tech.com
Web Site: www.enpar-tech.com
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. 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. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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