Clearford Announces Appointment of President and Chief Operating Officer
OTTAWA- ( May 28, 2012 ) – Clearford Industries Inc. (“Clearford” or the “Company”),(TSX-V:CLI) Bruce Linton, Chief Executive Officer, today announced the appointment of Kevin Loiselle to the position of President and Chief Operating Officer. Mr. Loiselle will be responsible for all operations of Clearford, including research and development, sales and project delivery.
In announcing the appointment Mr. Linton said, “Kevin joined Clearford as Vice President Sales in October 2011 and has provided excellent leadership in converting project opportunities to deliverable contracts. In his expanded role, Kevin will apply this experience and ability to close and deliver customer projects and direct continued enhancement of the Clearford product.
“Historic sanitary sewer systems have relied on pumping waste water and bio-solids to central treatment facilities’, Mr. Linton continued. “There is immediate and very significant demand for sanitary sewage collection and treatment for nearly 40% of the world’s population that today has no access to such services. Most of this demand is in areas where clean fresh water is scarce. The Clearford system digests bio-solids in digesters located near the sewage source, conveying only liquids for central treatment. The result is competitive capital cost, lower operating cost, reduced water consumption and improved quality of water post treatment. The President will lead the Clearford team in project sales and delivery to begin to meet this need while I will work with international agencies and regional infrastructure suppliers to forge relationships to broaden Clearford’s market impact,” he said.
“I am very confident in the market opportunity for the Clearford wastewater collection and treatment solution”, Mr. Loiselle said. “During the next 12 months I expect to see the company achieve positive earnings from operations based on closing and delivering projects both in Canada and internationally. In the longer term I believe that the Clearford system will become a significant factor in bringing clean water and sanitary sewage collection and treatment to many areas of the world,” he said.
About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is the developer of the patented Small Bore Sewer ™ (SBS™), a watertight small diameter wastewater collection system that provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. Clearford’s SBS™ technology and industry expertise provide the enabling platform to deliver, on a global basis, turnkey, fixed-price wastewater collection, treatment and energy generation solutions that are ideally suited for water-scarce regions, those with unreliable water distribution networks, and new developments seeking a greener approach to water and wastewater management. For more information on Clearford, please visit www.clearford.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 managements 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.
For further information:
Clearford Industries Inc.
Phone: (613) 762-8402