Clearford continues to solidify working partners in India
Ottawa, Ontario – (February 25, 2010) – Clearford Industries Inc. (“Clearford” or the “Company”, TSX-V:CLI) today announced that it has signed a memorandum of understanding (MoU) with an Indian partner, the Centre for Climate Change and Environmental Advisory (“CCCEA”). CCCEA is set up within India, with concentrated efforts around the City of Hyderabad, to pursue end to end interactions with clients, governments and industry associations to advise solutions in many areas; including Green Building Consultancy, Environmental Impact Analysis and Environmental Infrastructure Consultancy. Clearford believes that this relationship will allow for increased exposure of its Small Bore Sewer™ (SBS™) system within India. The Clearford approach offers many advantages specific to the Indian market. The SBS™ wastewater collection system can be constructed using local labour, which allows for even more benefit to the local area, as more of the invested capital is able to stay within the region that it is intended to aid. Furthermore, the final products of the system are clean potable water and bio-gas that can be used as fuel.
“We are very happy to note these far-reaching developments and alignments by Clearford. We also confirm that that there is a clear commonality of purpose and clarity of direction that both Clearford and CCCEA see in this mutual association to address a pressing need in what is a very untapped and growing market in India. This market is in need of solutions to enhance the availability of water to an increasingly urbanizing and demanding market and populace. We see a great association of mutual respect and collaboration in the days to come,” said Sanjay Gadhalay, CEO of CCCEA.
“Clearford is excited about the continuing progress that we are experiencing within the Indian market. With the alignment of Clearford with CCCEA, we feel that our interests are being properly represented by a firm with strong leadership, a track record of success and a goal that parallels ours,” said Bruce Linton, President of Clearford. He concluded, “We are excited about the future business that this understanding will ultimately lead to in the end.”
While Clearford believes that significant and near term opportunities exist for the Company’s solution, there can be no assurance that customer agreements will be reached or that such agreements will be profitable should they be implemented.
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 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.
About the Centre for Climate Change and Environmental Advisory
The Centre for Climate Change and Environmental Advisory is set up to pursue end to end interactions with clients, government and industry associations to advise solutions and handle outsourced projects in the following fields – Climate Change Policy Formulation and Programs; Environmental Impact Analysis; Social Impact Analysis; Risk Analysis: Green Building Consultancy; e-Waste Disposal; Green Building Business Initiatives; Carbon Credits and related issues.
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.
For further information:
Clearford Industries Inc.
Phone: (613) 762-8402