(via Thenewswire.ca)
May 8, 2012 Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. ("ENPAR"), is pleased to announce that a division of a major international, integrated corporation ("the Client" or "the Company" or "the Corporation") has purchased a small-scale ENPAR water treatment system. The Company will assess the technology to determine its applicability to the broad range of uses within the diverse markets it serves.
Named as a Fortune Global 500 Company; the Client ranks among the top 100 of the world's largest corporations.
Dr. Shelp commented, "ENPAR anticipates that the success of the evaluation program will result in a formal business relationship with the Client. This significant development has the potential to expedite the commercialization and adoption of ENPAR's novel, state-of-the-art water treatment technologies into the vast, high-growth global water and waste water treatment markets."
Pursuant to the terms of a recently executed Mutual Confidentiality Agreement, ENPAR is not at liberty to disclose the identity of the Corporation at present. However, ENPAR anticipates that the Parties will enter into a formal binding contract in due course and Shareholders will be informed as events unfold.
According to a report published on June 22, 2011 by Business Wire, a Berkshire Hathaway Company, the global water and wastewater treatment market is estimated at between $400 billion and $500 billion annually, including $65 billion to $75 billion related specifically to equipment.
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".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gene S. Shelp, Ph.D., P.Geo., President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@enpar-tech.com
Web Site: www.enpar-tech.com
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
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.
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