Clearford Announces Clearford CEO Named to the World Bank Water and Sanitation Council
Ottawa, Ontario – (March 8, 2011) – Clearford Industries Inc. (“Clearford” or the “Company”),(TSX-V:CLI) today announced that Mr. Bruce Linton, President and CEO of the Company, has been appointed to the World Bank Water and Sanitation Program Council. The Water and Sanitation Program (WSP) is a multi-donor partnership administered by the World Bank to support affordable, safe and sustainable access to water and sanitation services for communities in World Bank recipient countries. WSP is based in Washington DC and works directly with client governments at the local and national level in 25 countries through regional offices in Africa, East and South Asia, Latin America and the Caribbean.
”Participation on the WSP Council is an honour for Clearford” said Bruce Linton, President and CEO of Clearford. Mr. Linton further offered “the goals and interests of the WSP, CIDA and fellow Council members share a common interest and vision of enabling the implementation of sanitation solutions in the emerging markets of the world. The Clearford SBS holds great promise for WSP client communities. It is this potential that makes serving on the Council so exciting.”
The mission of WSP is closely aligned with the markets and focus of Clearford. Clearford has a 20+ year proven solution well suited to waste-water collection and treatment requirements of the urban, peri-urban and village developments of the many World Bank client countries. The Clearford system operates efficiently with the quantities of water available in these countries and yields re-useable water and gas for energy generation.
The Company has announced initial forms of agreement and strategic relationships in China, India, Colombia and the Maldives. Negotiations of implementation agreements are nearing completion. Clearford expects to establish contracts for the delivery of whole community waste-water collection and treatment solutions in each of these countries as “pilot” projects in each region.
“In many countries water scarcity is the norm. For millions of people, traditional waste-water collection systems cannot be used because there is not enough water to move the solids through the pipes. Many of these communities have little or no access to electricity. The Clearford system can be life changing for the people of these communities. For Clearford, meeting these needs is an opportunity to build a world scale business,” Mr. Linton said.
In February 2011 Clearford participated in the Canadian Government organized Andean Water and Waste-Water Trade Mission to Peru, Ecuador, Colombia and Venezuela. Also in February Clearford was selected as a 2011 TSX Venture 50 Company, which is a ranking of strong performing companies listed on the TSX Venture Exchange. Clearford was ranked as the #2 company within the Clean Technology sector.
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.
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.
For further information:
Clearford Industries Inc.
Phone: (613) 762-8402