Guelph, Ontario / May 15, 2014 / Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX-V:ENP) ("ENPAR" or "the Company"), is very pleased to announce that ENPAR's exclusive Indian licensee, Fontus Water Pvt. Ltd. has completed the infrastructure required to commence distribution of ENPAR'S CapDI product to strategic end users within the Indian market and to strategic international partnerships in select regions of Asia & Australia.
ENPAR and Fontus Water have been working closely for the past year on penetrating India and other selected Asian markets. Fontus has licensed ENPAR's CapDI technology and has converted it into a product that can be sold to municipal, industrial and commercial clients throughout India and in other selected markets in Asia. Indian industry suffers from a lack of consistent access to water at an affordable cost. ENPAR's CapDI solution is an ideal fit and can complement other traditional solutions like reverse-osmosis.
Established in the year 2000, Fontus Water Pvt. Ltd. offers complete water and wastewater management solutions to the institutional, industrial and rural water markets. As a member of the Earth Water Group, Fontus Water is one of India's fastest growing water solutions providers with over 2,000 installations, deep local roots (across 36 cities throughout India) and a wide portfolio of customers (from automotive to power to commercial buildings). Speaking of the Indian scenario and their endeavor, Sunil Ghorawat, Managing Director for Fontus Water stated, "Customers in India are actively looking for solutions that have higher water recovery, lower energy needs and are available at price points competitive with RO. We believe we can deliver that solution with ENPAR's CapDI product. By doing so, ENPAR's CapDI product has the potential to take a significant share of the half-billion dollar water treatment market which exists in India alone."
For its initial deployment Fontus is in the process of establishing pilot test units at six locations, four of which are in India, for applications ranging from industrial waste water recycle to municipal water treatment for drinking applications. A strategic objective of establishing the pilot testing in India is to tap into the huge potential customer base in the South Asia/South East Asia/APAC regions. The growing need for clean water coupled with diminishing water sources in the region demand an immediate and urgent solution that addresses recycle/reuse issues. In addition, tightening regulatory controls necessitate cost effective treatment for waste water discharge.
While several potential markets have been identified for end use of the CapDI units in India itself, the immediate focus for Fontus will be in the areas of industrial water treatment (cooling tower blow down, boiler feed water, semiconductor process waste, etc.) and municipal water treatment (arsenic removal, nitrate removal, fluoride removal, etc.). For the long term, the range of applications for the CapDI units can be extended to include a broader range of brackish water applications including RO reject recycling for higher water recovery and metal removal from waste streams originating from the metal plating industry.
Dr. Shelp commented, "Management and the Board of Directors of ENPAR believe that this initial deployment of the CapDI product will greatly enhance ENPAR's ability to gain traction in the Asian water market. This is consistent with ENPAR's strategy to leverage ENPAR's core technologies and work with leading distribution partners to develop products for the marketplace. ENPAR looks forward to further developing a mutually beneficial relationship with Fontus Water, an industry leader in the water sector, and developing many commercial-scale sales opportunities in the near future."
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". At present, ENPAR holds a total of 20 patents and has submitted an additional 18 patent applications related to six distinct technologies.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo., President and CEO
ENPAR Technologies Inc.
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
Tel: (519) 836-6155
Fax: (519) 836-5683
Web Site: www.enpar-tech.com
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. 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. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: ENPAR Technologies Inc.
Release ID: 44674