GUELPH, ON, Oct. 26 /CNW/ - On September 13, 2007, ENPAR reported that a major American water company ("COMPANY") had purchased DesEL units for field testing the applicability of ENPAR's water treatment system for the North American commercial and residential markets.
The purchase and ongoing evaluation program by that Company has been postponed until at least the conclusion of the pending arbitration between ENPAR and the licensor of an important component of the DesEL System. The arbitration is scheduled to proceed on January 21, 2008 and anticipated to last for 3 to 5 days. A decision by the Arbitrator is expected sometime after the January hearing.
As previously reported, ENPAR believes that the arbitration will confirm its compliance with the Non-exclusive Licensing Agreement, thereby providing the basis for continuance of the agreement in good standing.
ENPAR continues to aggressively market its other 100% owned and patented/patent pending, state-of-the-art electrochemical technologies for metal recovery and water treatment.
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 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.
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.