Clearford Establishes Partnership to Deliver Eco-Infrastructure to the Indian Market
Ottawa, Ontario – (February 22, 2010) – Clearford Industries Inc. (“Clearford” or the “Company”, TSX-V: CLI) today announced that it has established a sales and business development agreement with Indocan Capital (“Indocan”), a consulting firm with offices in India and Toronto. This agreement provides Clearford in-country representation to act as sales prospectors, lead generators and advisors for Clearford’s patented Small Bore Sewer™ (SBS™) system. The Clearford approach offers many advantages specific to the Indian market. As an added local economy stimulus, the SBS™ wastewater collection system can be constructed using local labour, which allows for even more benefit to the local area, as more of the invested capital is able to stay within the region that it is intended to aid. Furthermore, the final products of the system are clean potable water and bio-gas that can be used as fuel.
“India requires waste-water collection systems for nearly 900 million people. Water is scarce, polluted and provided in such minimal quantities that the western style of sanitary sewers will not function,” said Anish Joshi, of Indocan. Continuing, “Clearford’s solution is ideal, not only for its green energy production, but also for water re-use and the fact that it can be constructed exclusively with local labour. With a strong understanding of local needs and market players, Indocan is very proud to be representing Clearford’s business development interests in India.”
“Clean water and green energy; this has been Clearford’s objective for more than 20 years of research, implementation and monitoring to create a waste-water collection system that optimally enables sewage to become clean water and energy in a capital and environmentally responsible way. The very vigorous response to our approach in India I have recently enjoyed, confirms that our focus was clear and that India is ready to leap frog the historic approach to sewage that is so entrenched in the temperate western countries,” said Clearford CEO Bruce Linton, referring to his participation in the Ontario Clean-tech Mission to India with Premier Dalton McGuinty.
Clearford has established an introduction program for India, where its intent is to deliver one project in each of the following categories;
1) New development – the ideal project will involve a mixture of residential, commercial and institutional buildings. The development will seek to promote itself as “Green” and as such is likely to be seeking LEED recognition – our sewerage program will contribute points to this rating. The developer(s) will be at a final or near final site plan.
2) Eco-industrial park – the ideal park either exists and needs to adopt re-use of water and will achieve this goal most efficiently by way of re-servicing the park with the Clearford solution or is a new industrial park that will wish to be known as a eco-industrial park. Clearford has eco-industrial park design experience as well as reference sites that are eco-industrial parks.
3) Service a built area – Clearford has extensive experience in servicing areas that have buildings, roads and residents but no or failing sewers/septic/holding tanks.
This approach will only be taken for the initial pilots as Clearford wishes to quickly establish demonstration sites in India that will allow the rest of the country to follow suit and wish to use the Clearford SBS™ to service their wastewater needs. Clearford believes that the scope of opportunity within the Indian wastewater sector is virtually limitless and therefore demands great attention.
Clearford continues to pursue their global efforts in other parts of Asia, Africa and South America, most actively in China and Colombia. This program utilizes the Canadian installations as reference accounts to confirm the sound performance and operation of the SBS™.
While Clearford believes that significant and near term opportunities exist for the Company’s solution, there can be no assurance that customer agreements will be reached or that such agreements will be profitable should they be implemented.
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.
About Indocan Capital
Indocan Capital Inc. is an advisory and corporate finance firm focused on facilitating business opportunities between stakeholders in Canada and India. Indocan’s primary activities include sourcing business development opportunities for Canadian firms looking to expand into India, identifying high-quality/high-growth investment opportunities in India for Canadian investors, and advising Indian firms seeking to access North American markets. For more information on Indocan, please visit www.indocancapital.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 further information:
Clearford Industries Inc.
Phone: (613) 762-8402