GUELPH, ON–(Marketwired – April 06, 2017) – Dr. Gene Shelp, President and CEO of ENPAR Technologies, Inc. (TSX VENTURE: ENP) (“ENPAR” or “the Company”) is very pleased to announce that the Company has received the initial payment of CAD $800,000 from Chemsbro of Saudi Arabia for the purchase of its patented ESD (Electro-Static Deionization) water treatment plant.
Dr. Shelp commented, “This initial payment officially launches the design and procurement phases. The Company believes that following installation/commissioning in Jeddah, Kingdom of Saudi Arabia in early 2018, this facility will represent the largest plant of its kind in the world. This world class showcase will act as a catalyst for aggressive marketing and sales throughout the Middle East.”
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 of the Company 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.
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.
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