CNW Group Release Confirmation – Clearford Receives Approval for $1.5 million Pilot Project in Delhi, India
OTTAWA, Dec. 14, 2012 /CNW/ – Clearford Industries Inc. (“Clearford” or the “Company”),(TSXV: CLI) today announced the Delhi Jal Board has approved the Clearford Small Bore Sewer™ (SBS™) collection system for use in the village of Bijwasan.
The Delhi Jal Board, the government agency responsible for water and waste water services in the national capital region of Delhi, has provided its approval to Engineers India Ltd. for implementing a pilot project in the village of Bijwasan based on the Clearford SBS™ collection system. Final documentation and commencement of implementation is expected early next year.
The pilot will service a population of 6,000 inhabitants in the village of Bijwasan adjoining the Indira Gandhi International Airport. The national capital region of Delhi has a population of 18.2 million. Over 1.0 million of them reside in 369 villages with an additional 895 unauthorized colonies in Delhi who do not have proper sewage collection systems or sewage treatment plants. Upon successful completion of the pilot, it is anticipated that Clearford’s SBS™ system will be selected for implementation in numerous colonies servicing over 100,000 inhabitants.
“We are looking forward to working with our partners Engineers India Ltd. to demonstrate to the Delhi Jal Board the effectiveness of Clearford’s SBS™ system in addressing the challenge of dealing with waste water collection and treatment in Bijwasan” said Clearford’s President, Kevin Loiselle.
Bijwasan is representative of thousands of villages throughout India that would benefit from the unique ability of the Clearford SBS system to function in low water environments. This initial project under the Delhi Jal Board will be a valuable reference for Clearford.
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About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is the developer of the patented Small Bore Sewer™ (SBS™) based solution, which enables the efficient collection and treatment of sewage. Its superior operational and environmental performance is achieved at a significantly lower operational cost when compared to historic gravity sewers. Clearford’s SBS™ technology and industry expertise provide the enabling platform to deliver on a global basis, a turnkey, wastewater collection and treatment solution that is ideally suited for; water-scarce regions, communities with unreliable water distribution networks, and new developments seeking a greener approach to full 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.
SOURCE: Clearford Industries Inc.
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