Clearford signs CAD$1.1 million contract to supply water infrastructure to environmentally friendly housing development in Colombia
Ottawa, Ontario – (May 7, 2013) – Clearford Industries Inc. (“Clearford” or the “Company”), (TSX-V:CLI) announced today that Clearford Industries Colombia SAS, its 51% owned subsidiary in Colombia, has signed an implementation agreement with Bosques de Granada y Cayunda (“Cayunda”) for the installation of the first Clearford SBSTM collection network in Colombia. As a term of the agreement it is expected that construction of Phase I (C$630 K) shall commence immediately. Subject to sales of Phase I lots, Phase II will commence following the completion of Phase I. Clearford has also been awarded the exclusive rights to negotiate the supply of potable water storage and a waste water treatment plant (est. $500k) for the Cayunda development. The total potential value of the project is CAD$1.6 million.
The Bosques de Granada y Cayunda (www.bosquesdegranadaycayunda.com) is a luxury development located on the western slope of the valley of the Teusaca River, 26 km from Bogota. The development is a green community designed to have minimum environmental impact, with 70% of the communal area covered by native forest. Unique aspects of the project include complete recycling of all waste water and harvesting of rain water to augment fresh water supply.
Clearford Colombia will provide Cayunda with a turnkey solution for all water infrastructure for the development, including: potable water supply; waste water collection and treatment; recycling; storm water management; and rain water harvesting. Construction of all systems will be managed by Clearford’s joint venture partner AL Construcciones Y Proyectos SAS.
“This is a very exciting project for Clearford” said Kevin Loiselle, Clearford President & CEO, “Cayunda will be our second site in South America and our first opportunity to demonstrate Clearford’s ability to deliver a holistic solution to water infrastructure. We have recently seen a shift in client requirements as they demand a complete and integrated solution to their water needs from a single supplier. Clearford has responded by leveraging its hydraulic engineering excellence and innovative SBS™ sewer into an offering of unified water systems”.
Clearford believes the commencement of construction of its first project in Colombia will in short order result in follow on sales from its extensive Colombian sales pipeline. 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™) 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.
For more information contact:
Clearford Industries Inc.
Phone: (613) 762-8402