GUELPH, ON–(Marketwired – June 21, 2016) – Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX VENTURE: ENP) (“ENPAR” or “the Company”), is very pleased to announce that its strategic sales and marketing partners have purchased a second water treatment unit. These fully automated, remotely-monitored units target an immediate important water treatment sector. As previously announced, such systems range in price from $55,000 to $90,000, depending on the site-specific conditions.
Dr. Shelp commented that: “Positive business activities of this sales and marketing team, coupled with this second purchase, represent strong progress towards validating the business plan. With each purchase, ENPAR gains confidence in the approach and commitment of the team.
“This strategic partnership executes on ENPAR’s corporate growth strategy, which is founded on building significant strategic partnerships with proven international enterprises. Management is extremely excited about this business opportunity.”
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”.
A Company Specializing in Environmental Protection and Remediation Technologies
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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.