SOURCE: STT Enviro Corp.

STT Enviro Corp.

March 18, 2015 17:15 ET

STT Enviro Corp. Announces Termination of Agreement to Purchase Composite Pipe Asset

TORONTO, ON--(Marketwired - March 18, 2015) - STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE: STT) reported that it has terminated the agreement announced on December 5, 2014 under which it had the right to acquire intangible assets related to a bonded, composite polyethylene pipe designed for use in oil & gas field collection applications (the "Pipe Asset"). 

The Pipe Asset was described as unique due to its fully bonded characteristics, and ability to be butt-welded, thus creating a corrosion resistant product offering ease of installation and a likely price advantage for end users. The process used to manufacture the Pipe Asset was also the subject of a process patent application. During the Company's due diligence, it was determined that the technical characteristics of the pipe were as specified. However, the title to, and applicability of, the patent application was determined to be unclear, making the commercialization of the Pipe Asset by the Company a potential target for patent infringement. As a result, the Company terminated the agreement with the vendor as was its right under the terms of the agreement and both parties have executed a mutual release from all obligations.

About STT Enviro Corp.
STT Enviro Corp. (TSX VENTURE: STT) supplies cost effective, incremental, environmental improvements to traditional industrial products. The Company's two operating groups, STT Enviro Corp. Systems & Solutions and STT Enviro Corp. Tanks & Industrial, work to reduce their customers' environmental footprint, cost efficiently.

STT Systems & Solutions engineers and supplies chemical makedown systems to neutralize pollutants (usually acid water) created in the ore or oil recovery process; and aftermarket services including optimization of chemical use fo our customers to lower costs and reduce their carbon footprint. 

STT Tanks & Industrial engineers and supplies bolted tanks with a smaller environmental footprint for both dry and liquid storage applications. 

Environmental considerations are prerequisites in modern industrial expansion and STT Enviro Corp. is focused on being a leader and innovator on incremental environmental improvements. The Company's strategy is to grow organically and, longer term, to acquire companies at prices which are strategically and financially accretive. 

For more information, please visit our website at www.sttenvirocorp.com 

Caution Regarding Forward-Looking Information

Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of the Company. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of the Company considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of STT nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.

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 of this release.

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