Guelph, Ontario--(Newsfile Corp. - February 25, 2015) - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSXV: ENP) ("ENPAR" or "the Company"), is very pleased to announce that ENPAR has finalized general terms of a joint-venture agreement which will include an equity investment in ENPAR. The parties expect to complete the due diligence and definitive agreement by mid-March, 2015.
The potential joint-venture partner is a highly respected and innovative separation process company with 25 years experience in the design, construction and operation of turnkey solution treatment systems.
Dr. Shelp commented, "Over the past two years, ENPAR has worked closely with several respected international technology-based companies with the intent of identifying key markets for the commercial launch of its patented ESD CapDI system. For example, VITO, a leading European independent research and technology organization in the areas of clean-tech and sustainable development, has published several peer-reviewed research papers based on successful testing with an ENPAR unit. In addition, ongoing collaboration with our partner has demonstrated that the ESD and complementary electrochemical technologies are very suitable for large scale applications in the agro-food industry, including one that involves the processing of streams totaling several thousand, or even tens of thousands, of cubic meters per hour."
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gene S. Shelp, Ph.D., P.Geo., President and CEO
70 Southgate Drive, Unit 4
Guelph, ON CANADA N1G 4P5
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: gshelp@enpar-tech.com
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. 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.
