(via Thenewswire.ca)
May 1, 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 ENPAR has entered into a Memorandum of Understanding (MOU) with Eurodia (www.eurodia.com) of France to evaluate and commercialize ENPAR's novel water treatment technologies to its customers in Europe, North Africa and North America. As per the agreement, EURODIA will purchase a small scale commercial unit.
Eurodia is a dynamic and innovative separation process company with 25 years experience in the design, construction and operation of turnkey solution treatment systems. These systems consist of ion exchange, electrodialysis, chromatography and filtration technologies for clients in the dairy, wine, sugar, sweetener, starch and green (or bio-based) chemicals industries on a worldwide basis. In 1999, Eurodia established a subsidiary known as Ameridia as a branch office for North America and South America. The main shareholder of Eurodia is the Tokuyama Corporation (www.tokuyama.co.jp/eng), a major Japanese chemical company based in Chiyoda, Tokyo, Japan.
"The agro-food market offers many large scale application opportunities for the combination of ENPAR and Eurodia technologies", stated Mr. Daniel Bar, Vice President, General Manager of Ameridia. "As an example, in the starch and sugar industry, one potential application involves the processing of streams totaling several thousand, or even tens of thousands, of cubic meters per hour."
Dr. Shelp commented, "This MOU represents a significant business opportunity for ENPAR to work closely with a world class organization with significant market penetration in the agro-food business and considerable manufacturing expertise. In 2012, Eurodia purchased its first lab-scale water treatment unit from ENPAR and is now convinced of the efficacy and viability of the technology. The small scale commercial unit purchased as per the agreement will be used by Eurodia to demonstrate to its clients the synergistic benefits resulting from combining complementary leading edge technologies. In May of this year, ENPAR will begin collaborative work with a sister company of Eurodia, leading to the development of advanced composite materials for use in ENPAR's water treatment technologies. Given this agreement with Eurodia and our recent positive activities in Asia and the Middle East, 2013 is turning out to be a very exciting year for ENPAR."
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".
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:
Gene S. Shelp, Ph.D., P.Geo., President and CEO
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. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. 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. These statements speak only as of the date of this press release. 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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