GUELPH, ON--(Marketwired - September 07, 2016) - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX VENTURE: ENP) ("ENPAR" or "the Company"), is very pleased to announce that ENPAR has partnered with an multinational petrochemical services company to facilitate sales of ENPAR's patented electrochemical water treatment systems.
Over the past 25 years, this Petrochemical Services Company has developed environmentally responsible, innovative, cost effective processes to facilitate the development of progressive solution management practices in the petroleum industry. Following a successful test program which identified the complementary nature of ENPAR's patented systems, ENPAR received a contract to construct a containerized plant valued at approximately $140,000.
"ENPAR continues to attract interest from respected international industry players who focus on high-margin niche markets with values ranging from tens to hundreds of millions dollars globally." Dr. Shelp commented that, "ENPAR is finally reaping the rewards of its strategic growth plan of partnering with important market opportunity-driven strategic partners. We are excited about the second half of 2016, as this partnership is the third of its kind completed by ENPAR over the past seven months. Like our previous agreements in 2016, we expect additional sales with this partner to follow within the next 12 months."
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.