Clearford Water Systems and The Gujarat Water Supply & Sewage Board announce the Signing of a Memorandum of Understanding to Form a Strategic Partnership
Ottawa, Ontario – (January 16, 2015) – Clearford Water Systems Inc. (“Clearford” or the “Company”), (TSX-V: CLI), and the Gujarat Water Supply and Sewage Board (GWSSB) today announced the signing of a Memorandum of Understanding (MOU) to forge a strategic partnership to bring Clearford’s proprietary all-in-one wastewater collection and treatment system (Clearford One™) to rural regions of the State of Gujarat. The MOU was signed on January 12th in Ahmedabad at the 2015 Vibrant Gujarat Summit.
GWSSB is a statutory body of the State of Gujarat established for development, regulation and control of the water and sanitation sector in the State. The Board’s mandate is to prepare, execute, promote and finance projects for supply of water and for sewage collection and disposal for rural villages.
Speaking about the signing, Canada’s Minister of Labour and the Status of Women, Dr. K. Kellie Leitch, said: “Clearford is a great example of how Canadian innovation can lead to combined prosperity and contribute to socio-economic development in Gujarat and across India’s rural areas.”
Minister Leitch is attending Vibrant Gujarat 2015, where Canada is a partner country.
Under the terms of the Agreement, GWSSB will facilitate Clearford’s system for use in Gujarat. This will include assisting Clearford in identifying a village for a demonstration site and obtaining all necessary permissions, registrations, clearances and approvals to install Clearford OneTM in the State of Gujarat.
“We are looking forward to working with the Gujarat Water Supply and Sewerage Board in addressing the challenges they face with waste water collection and treatment throughout rural Gujarat, we believe Clearford OneTM will make a significant contribution to addressing these challenges” said Clearford’s President & CEO Kevin Loiselle, speaking from Ottawa, Canada”.
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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.
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
Renmark Financial Communications Inc.