(via Thenewswire.ca)
March 20, 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 an agreement with Beijing Hua Yanbang Science & Technology Co. Ltd. ("HYBTEC") to market ENPAR's array of state-of-the-art water treatment technologies in China.
Founded in 2004, HYBTEC provides solutions for scale prevention and filtration as they apply to recirculating cooling system and waste water treatment. HYBTEC currently has business relations in the steel, aluminum, and coloured metal processing, oil field, petrochemical, fine chemical, pharmaceutical and coal mining industries with 18 sales personnel and 20 distributors to cover all of China.
During the years 2006-2010, $11B USD was invested annually in urban water supply and sanitation in China. Wastewater reclamation for reuse and recycle is a focus of the national environmental protection plan set out by the Ministry of Water Resource. As a result, the annual budget increased to $31B USD for the years 2011-2015. The average rate for recycled and reused wastewater in 2010 was 8.5%. By 2015, this figure is expected to rise to 20-25% in Northern water-scarce cities and 10-15% in Southern coastal cities.
There are benefits to generating a valuable renewable stream of water for non-potable uses through improved wastewater recycling and reuse in China. As an example, the Beijing Water Authority recently announced that reclaimed water is the number two source of water used to meet its municipal needs. The reclaimed water can be used by many industries including commercial agricultural irrigation and urban greenery projects as well as to provide water needs for thermal power plants. The city's industrial sector uses 140 million cubic meters of water per year.
"There is a huge market to use ENPAR's water treatment systems to treat reclaimed water" stated Mr. Yongsheng Wu, General Manager of HYBTEC. "ENPAR's water treatment technologies represent the best option for water purification of this type in the world. It is a great honour for Beijing Hua Yanbang Science & Technology Co. Ltd. to cooperate with ENPAR."
HYBTEC has purchased a pilot scale water treatment unit that is scheduled to be shipped to China in April of 2013. This pilot unit will be utilized to demonstrate the efficacy of ENPAR's water treatment system for recycle and reuse of industrial and municipal waste water and process waters.
Dr. Shelp commented that: "ENPAR is extremely pleased to partner with HYBTEC, a company whose current business relationships extend to a broad range of industries. We believe HYBTEC will provide ENPAR's innovative water treatment technologies exposure in a market with huge growth potential and significant near-term requirements."
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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