Source
CANADA NEWSWIRE
Date 02/02/2016
Time 05:04:16 AM
Company
Clearford Water Systems Inc.
Title Clearford Announces Product Status 2016
CDNX Symbol: CLI
Press Release
" BC-Clearford-ProdStatus
02-02 0923
News release via Canada NewsWire, Ottawa 613-563-4465 -MEAttention Business Editors:
^Clearford Announces Product Status 2016@
OTTAWA, Feb. 2, 2016 /CNW/ - Clearford Water Systems Inc. ("Clearford" or
the "Company"), (TSXV: CLI), today announced its product status entering
2016.
Clearford One(TM) 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(TM) provides a generational advance in sanitary sewage
collection and treatment. Clearford One(TM) is the integration of
Clearford's
proprietary solids collection and digestion, ClearDigest(TM), SBS(TM)
conveyance, ClearConvey(TM), best available final treatment,
ClearRecover(TM),
and UV Purification of effluent with Crossfire® technology from UV Pure
Technologies Inc., a Clearford subsidiary.
Clearford One(TM) 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(TM) 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(TM)
absorbs
peak flows and ClearConvey(TM) allows no infiltration of groundwater or
leakage of wastewater. ClearRecover(TM) cleans the flow of solids free
wastewater for purification by Crossfire(TM) ultra violet technology.
In January 2015 Clearford introduced the Pay for Performance (P4P(TM))
delivery model in Ontario. Using P4P(TM) 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(TM) will have a minimum of another 30 years of performance
life
remaining. The Fetherston system was delivered under the P4P(TM) model.
Low capital costs and low operating costs together with the P4P(TM)
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(TM) and ClearConvey(TM) are the current generation of
collection and conveyance systems that have operated with excellent
performance in Ontario for more than 15 years. ClearRecover(TM) is the
treatment plant selected from proven, most advanced systems produced by
leading suppliers. Clearford One(TM) 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(TM). Clearford One(TM) is a proprietary system comprised of
ClearDigest(TM) smart digester, ClearConvey(TM) small bore sewer, and
ClearRecover(TM) 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 StatementsThis 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.
To view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/February2016/02/c1070.html
-002/02/2016
/For further information: Kevin Loiselle, President & CEO, Clearford
Water Systems Inc., Phone: (613) 599-6474 ext. 303, www.clearford.com/
/Web Site: www.clearford.com /
(CLI. CLIRF)
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Clearford Water Systems Inc.
Ontario
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