OTTAWA, Feb. 2, 2016 /CNW/ - Clearford Water Systems
Inc. ("Clearford" or the "Company"), (TSXV: CLI), today announced
its product status entering 2016. Clearford One™ was announced in
February 2015, and the first
installation of the system in Ontario commenced service in January 2016, servicing the Fetherston community
in the Municipality of North
Grenville.
Clearford One™ provides a generational advance in sanitary
sewage collection and treatment. Clearford One™ is the integration
of Clearford's proprietary solids collection and digestion,
ClearDigest™, SBS™ conveyance, ClearConvey™, best available final
treatment, ClearRecover™, and UV Purification of effluent with
Crossfire® technology from UV Pure Technologies Inc., a Clearford
subsidiary.
Clearford One™ delivered in Ontario,
Canada, is approximately 50% lower in capital cost and 50%
lower in life-cycle cost than conventional sewage collection and
treatment systems. A community served by Clearford One™ requires no
minimum water flow for operation of the sewage system. Water
sufficient to exit the sewage from the residence is sufficient for
performance of the collection and treatment system. ClearDigest™
absorbs peak flows and ClearConvey™ allows no infiltration of
groundwater or leakage of wastewater. ClearRecover™ cleans the flow
of solids free wastewater for purification by Crossfire™ ultra
violet technology.
In January 2015 Clearford
introduced the Pay for Performance (P4P™) delivery model in
Ontario. Using P4P™ the community
makes no capital investment and makes a fixed annual payment only
when the system performs over a contract of up to 30 years. The
community can choose to take ownership of the system at any time
during the contract term. At the end of this contract Clearford
One™ will have a minimum of another 30 years of performance life
remaining. The Fetherston system was delivered under the P4P™
model.
Low capital costs and low operating costs together with the P4P™
delivery model allow communities and property developers to choose
the combination of capital investment and service charges that best
suit the interests of the community.
ClearDigest™ and ClearConvey™ are the current generation of
collection and conveyance systems that have operated with excellent
performance in Ontario for more
than 15 years. ClearRecover™ is the treatment plant selected from
proven, most advanced systems produced by leading suppliers.
Clearford One™ integrates these proven products to deliver superior
performance for nearly half the capital and life cycle cost of
conventional systems.
Neither the 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.
About Clearford Water Systems Inc.
Clearford Water
Systems Inc. (TSX-V: CLI) is a provider of unified water management
and sanitation systems based on Clearford One™. Clearford One™ is a
proprietary system comprised of ClearDigest™ smart digester,
ClearConvey™ small bore sewer, and ClearRecover™ final treatment
facility. For more information on Clearford Water Systems, please
visit www.clearford.com.
About UV Pure Technologies Inc.
UV Pure Technologies manufactures technically advanced UV water
purification systems. The Company has won an Artemis Top 50 Clean
Tech Company award, two Frost and Sullivan Best Practices awards, a
Canadian Drinking Water Association award for innovation, and is a
Going Green Global Top 200 company.
There are currently over 14,000 UV Pure systems in residential,
commercial, industrial, public and municipal applications, with
flow rates up to 1 million gallons per day. An aerospace version of
UV Pure's system is being used by Boeing to purify water on its new
787 Dreamliner.
UV Pure's patented Crossfire Technology® is dramatically
advantaged compared to conventional UV systems. Lamps are mounted
in air surrounded by elliptical reflectors providing more effective
deactivation of pathogens, facilitating easy lamp changes and
visual quartz inspection. They are self-cleaning, smart – with
multiple sensors and on-board diagnostics guiding maintenance,
engineered to be fail-safe, virtually maintenance free, and are
plug-in ready for remote monitoring. For more information on UV
Pure Technologies, please visit www.uvpure.com.
Forward Looking Statements
This news release contains
certain statements that constitute forward-looking statements as
they relate to the Company and its management.
Forward-looking statements are not historical facts but represent
management's current expectation of future events, and can be
identified by words such as "believe", "expects", "will",
"intends", "plans", "projects", "anticipates", "estimates",
"continues" and similar expressions. Although management
believes that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that they will
prove to be correct.
By their nature, forward-looking statements include assumptions
and are subject to inherent risks and uncertainties that could
cause actual future results, conditions, actions or events to
differ materially from those in the forward-looking
statements. If and when forward-looking statements are set out
in this news release, Clearford will also set out the material risk
factors or assumptions used to develop the forward-looking
statements. Except as expressly required by applicable securities
law, the Company assumes no obligation to update or revise any
forward looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors,
including, but not limited to: industry cyclicality; the ability to
secure third party agreements; successful integration of
Clearford's system with third party technology; competition;
reduction in demand for products; collection from customers;
relationships with suppliers; product liability; intellectual
property; reliance on key personnel; environmental; interest rates;
uninsured and underinsured losses; operating hazards; risks of
future legal proceedings; income tax matters; credit facilities;
availability and terms of financing; distribution of securities;
restrictions on potential growth; effect of market interest rates
on price of securities; and potential dilution.
SOURCE Clearford Water Systems Inc.
