GUELPH, ON–(Marketwired – April 26, 2016) – ENPAR (TSX VENTURE: ENP) is entering a new phase as the Company implements growth-based marketing and manufacturing strategies. Given the number of important transactions that have occurred over the past year, management reflects on their importance in developing and executing a manufacturing and sales platform for ENPAR’s patented water treatment systems within domestic and international markets.
Management believes that recent events demonstrate that the Company is on the path to commercial success. Although each transaction represents a significant noteworthy achievement, together they demonstrate that ENPAR is in an enviable position to experience, simultaneously, three essential elements for success: proven novel patented water treatment technologies; growing market demand for these technologies; and, strategic partners with the corporate and financial resources to execute a strategic roll out plan.
The most notable recent events are:
March 29, 2016: Exclusive sales and marketing agency agreement with its strategic partner CHEMSBRO of the Kingdom of Saudi Arabia. ENPAR’s patented ESD demineralization technology has been validated in Saudi Arabia with the commercial sale of the ESD 100K system in late 2015 (project valued at approximately CAD $365,000). The partners have developed a strategic sales and marketing plan specifically tailored for the Middle East. CHESMBRO and the influential Saudi group of companies bring three key ingredients to the partnership: a stellar reputation as an industry leader in the water sector; the resources needed to execute the strategic marketing and sales plan; and, intimate knowledge of the region and its water treatment needs. In addition to the pending sale of the ESD900k system to CHEMSBRO, management anticipates other commercial sales in 2016 via this partnership. Strategic Partner/Novel Technology/Market Demand
March 08, 2016: ENPAR partners with a US-Based Engineering Firm to address an emerging ammonia treatment market. ENPAR receives commercial contract for mobile patented AmmEL treatment plant valued at approximately CAD $400,000. The AmmEL system is unique in its ability to consistently achieve less than 1 mg NH4-N/L in the treated water. Management anticipates additional sales in 2016 via this partnership. Strategic Partner/Novel Technology/Market Demand
February 17, 2016: ENPAR partners with an International Sales and Marketing Team to identify niche markets for its patented electrochemical water treatment systems. The Company receives the first of what is expected to be several related system purchases in 2016. These strategically designed, remotely monitored mobile units address an immediate water treatment sector and range in price from CAD $55,000 to $90,000 per system depending on the site-specific conditions. Strategic Partner/Novel Technologies
September 29, 2015: EURODIA and ENPAR establish a joint venture, ENPAR SPECIALTIES INC. EURODIA is one of the world’s leading specialists in membrane treatment for the food industry. ENPAR SPECIALTIES INC. combines EURODIA’s stellar reputation in the agro-food industry with proven novel technologies and world class technical talent to exploit a significant global business opportunity. As previously reported, EURODIA believes that the agro-food market offers many large scale application opportunities for the combination of ENPAR and EURODIA technologies. ENPAR anticipates near-term sales via this joint-venture. Strategic Partner/Novel Technologies
September 9, 2015, Fontus Water Pvt. Ltd., ENPAR’s exclusive Indian licensee, sells first commercial water treatment system. Fontus anticipates several commercial sales 2016 to customers in both the public and private sectors. Strategic Partner/Novel Technologies
About ENPAR Technologies Inc.
ENPAR is a “Technology Company” applying its patented and proprietary “Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “ENP”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and “confident” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. ENPAR believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise