Acquisition expands Clearford’s product and service offering
Clearford took a big step in November 2017 to create a new kind of water company that delivers unified water infrastructure solutions with sector-leading efficiency and reliability.
The acquisition of Koester Canada and Team Aquatic has expanded Clearford’s business model beyond the Clearford One™ system. The award-winning wastewater system will remain a core offering of the company, but the market will increasingly recognize Clearford as a leader in decentralized water treatment and operations.
The Clearford Koester Canada treatment solutions group designs and fabricates innovative technologies and modular systems for municipal, commercial and industrial water treatment applications. Each packaged M-brane™ solution is customized to achieve the greatest cost and space efficiencies, and ease of operation over the life cycle of the system. Components are prefabricated and tested in Clearford’s manufacturing facility prior to shipping to sites across North America for rapid and reliable deployment.
The Clearford Koester Canada group has recently moved into a 30,000-square foot manufacturing facility and offices located in Hamilton, Ontario. “This facility gives us triple the production capability over our previous space for fabricating containerized and skid-mounted treatment solutions,” said Richard Nie, Executive VP of Clearford. “The new facility is also centrally located for highway and rail shipping with direct US border access.”
Water systems operations
In addition to treatment solutions, Clearford’s services now include comprehensive water systems operations and maintenance. The Clearford Waterworks division is active across Ontario as the largest operator of privately owned communal water and wastewater treatment systems in the province. Clearford’s team of licensed operators and support staff manage the daily and special operational activities for facilities ranging from domestic potable water and wastewater systems to landfill leachate treatment. We offer regulatory compliance support, technical expertise and troubleshooting, and asset management services for more cost-effective water management solutions.
Learn how Clearford can help get the most out of your water infrastructure.
About Clearford Water Systems Inc.
Clearford Water Systems Inc. (TSX-V: CLI) is a provider of unified water management solutions for the design, build, finance, operation and maintenance of water and wastewater infrastructure systems. The Company’s technology-based water solutions include Clearford One® wastewater infrastructure systems, Clearford M-brane™ packaged treatment solutions, and a full range of UV Pure® water disinfection products. Clearford is the winner of the Frost & Sullivan 2017 Enabling Technology Leadership Award for Global Decentralized Water & Wastewater Treatment. For more information on Clearford Water Systems, 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 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 more information contact:
Kevin Loiselle, President & CEO
Clearford Water Systems Inc.
Phone: 613 599 6474 ext. 303