OPTIONS GRANTED TO CONSULTANTS
GUELPH, ON, Dec. 22 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. is pleased to welcome Mr. Ram Narayanan as a Market Development Consultant to the Company.
Mr. Narayanan has over 31 years in the water industry and with wastewater treatment technologies and equipment. He is presently a partner and Executive Vice President in The Reservoir Fund, a New York based Company dedicated to investments in the water sector.
Prior to joining the Reservoir Fund he was Vice President of the Water Treatment Division of Layne Christensen Company, with responsibility for integrated ground water services. He also served as Executive Director of Strategic Planning for Aqua-Chem Inc., a Wisconsin-based company involved in thermal desalination and water purification.
Mr. Narayanan founded and successfully managed the growth of two industrial wastewater and potable water treatment companies that were subsequently acquired by U.S. Filter and American Colloid. He gained his early experience as Manager of Project Engineering and Construction with Calgon Carbon Corporation and has a BA degree in Chemical Engineering from Madras University and a Masters degree in Civil Engineering from New York University.
Management believes that Mr. Narayanan will play an important role in the overall marketing of the Company's suite of state-of-the-art water treatment technologies.
ENPAR announces that it has agreed to grant options to two consultants for an aggregate of 300,000 options. The options are exercisable at a price of $0.25 per share for a period of up to two years. The grants are subject to acceptance by the TSX Venture Exchange.
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 TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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.