GUELPH, ON, June 6 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR
Technologies Inc. ("ENPAR"), is extremely pleased to announce that the Company
continues to attract the attention of some of the key players in the global
water treatment market. In May 2006, ENPAR entered into a Mutual
Confidentiality Agreement with a major American Water Company for the sole
purpose of evaluating a possible business transaction relating to ENPAR's
DesEL Technology as a replacement for conventional home water treatment
systems such as reverse osmosis units and water softeners.
Based on published information, the home market is currently reported to
be $15 billion USD annually with the market predicted to reach approximately
$45 billion by the year 2011.
Testing of ENPAR's DesEL-400 unit has been underway during the past three
weeks at the American Company's facility. ENPAR is extremely excited about
this relationship as the American Company recently reported that the initial
performance of the system is impressive and the possibilities for the DesEL
technology are exciting. Over the next five months, the American Company will
complete its technical evaluation of the technology, including scalability and
long term viability, and develop a business case that will include that
evaluation, as well as marketing and financial analysis of the pathway to
market.
In summary, the American Company informed ENPAR that it has a positive
feeling about ENPAR's technology and the potential that a relationship could
provide both companies. However, please note that there is no guarantee at
this time that positive testing and a positive market and financial analysis
will result in a business relationship.
The DesEL System is a proven alternative to conventional water treatment
systems for removing both dissolved contaminants such as arsenic, mercury and
nitrate, and other dissolved ions from industrial waste water, process water
and drinking water sources. As a home product the DesEL System would replace
both the reverse osmosis unit and the water softener.
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.
