TORONTO, July 21 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. ("ENPAR"), is very pleased to announce that ENPAR has been awarded a $1.13 Million contract by a Canadian Gold Mining Company for the construction and installation of a full-scale commercial ammonia treatment plant at a mine site located in northeastern Ontario. The plant should be fully operational before year-end 2009.
ENPAR received 25% of the total purchase price upon the execution of the agreement. An additional 25% will be received when 50% or 100% of the manufacturing is completed. The remaining 25% will be received in two equal payments: the first upon on-site commissioning of the plant; and the second 60 days following commissioning.
Ammonium-nitrate is a common form of blasting powder employed at most mining operations throughout the world. In many countries where the temperature decreases to less than 10 degrees C during certain times of the year, conventional biological treatment of ammonia may not be effective. Electrochemical treatment however remains extremely effective at converting ammonia to environmentally friendly nitrogen gas at these low temperatures, and unlike the conventional approach, does not produce nitrate as a by-product. These advantages enable year round treatment and discharge of wastewater that meets environmental guidelines.
Dr. Shelp stated, "This Mining Company should be commended for its leadership role and commitment to responsible water management through identification and adoption of the best available water treatment technology for ammonia. We are grateful for its willingness to implement our ammonia treatment system.
Furthermore, the success of this commercial plant will serve as a testimonial to the mining industry and other sectors that are plagued by ammonia treatment problems such as the municipal and specific chemical industries."
About ENPAR Technologies Inc.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste 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 l 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.
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.