Clearford Announces Product Status 2016
Ottawa, Ontario – (February 2, 2016) – Clearford Water Systems Inc. (“Clearford” or the “Company”), (TSX-V: 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.
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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.
For more information contact:
Kevin Loiselle, President & CEO
Clearford Water Systems Inc.
Phone: (613) 599-6474 ext. 303