Clearford Announces signing of site license agreement in Ontario
Ottawa, Ontario – (January 6, 2011) – Clearford Industries Inc. (“Clearford” or the “Company”, TSX-V:CLI) today announced it has signed an agreement with an Ontario-based developer for the licensing of Clearford’s SBS system. The site has been approved by the Ministry of Environment and reflects the strict environmental compliance achieved by the Clearford SBS.
This license agreement is for the installation of the SBS system in a new residential community under construction near Orillia, Ontario on the upper shores of the environmentally sensitive Lake Simcoe. The Clearford SBS system has been designed and demonstrated to operate with zero contamination of ground water as zero ground water infiltrates the sealed sewer. The project is in the process of completing the first of three phases. The total potential license value of the three phases to Clearford is $150,000.
“It is very encouraging to see some of the projects in Canada that have been on hold come back on stream” commented Bruce Linton, President and CEO of Clearford. Mr. Linton further commented “Additional reference sites in Canada enhance Clearford’s credibility as we pursue projects in China, India, Columbia and countries seeking sustainable, proven sewage solutions”.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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