(via Thenewswire.ca)
May 21, 2013, Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX-V:ENP) ("ENPAR" or "the Company"), announces that ENPAR and Miahona have agreed to extend the Memorandum of Understanding (MOU) between the two companies. The extension will enable the parties to finalize contract negotiations with world-class corporations in the petrochemical, petroleum and fertilizer manufacturing sectors.
The parties are intent on formalizing a joint-venture agreement by June 2014 or earlier should business activities necessitate an official corporate presence in the Middle East.
Miahona is a world-class company involved in the water and waste water treatment business in the Kingdom of Saudi Arabia (KSA) and other regions of the Middle East.
After more than a year of joint marketing activities in the KSA, Miahona representatives believe negotiations will conclude with a contract in the near-term. Miahona reports that ENPAR's technology has been accepted by a client in the KSA and has been endorsed by the Royal Commission.
Dr. Shelp states: "ENPAR is encouraged by the confidence and optimism expressed by Miahona and looks forward to this opportunity to showcase its novel water treatment systems in the KSA."
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
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@enpar-tech.com
Web Site: www.enpar-tech.com
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
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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