April 23, 2012, Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX:ENP) ("ENPAR" or "the Company"), is very pleased to announce that the Company has executed an agreement with JUKAM Machinery Co., Ltd. (JUKAM) of the Republic of Korea for the purchase of a full-scale ENPAR ESD System.
Designed to treat wastewater and industrial process water, the state-of-the-art, 112 m3/day ESD unit achieves high rate removal of total dissolved solids with a 90% water recovery. Developed as a scalable system, increased water volume can be accommodated readily with additional ESD modules. Following verification of the efficiency of the full-scale unit, ENPAR and JUKAM anticipate additional orders for ESD systems having application to the domestic, agricultural, industrial and municipal drinking water and waste water markets.
JUKAM is a leading design and build engineering firm specializing in residential, commercial, industrial and municipal engineering projects with annual revenues of US $85,000,000.
Dr. Shelp commented, "ENPAR will continue to cultivate our valued business relationship with JUKAM with the expectation that our co-operative efforts will allow both companies to capitalize on near-term opportunities to deliver the suite of ENPAR's novel technologies to the water treatment and management markets of South Korea estimated to be US $2 - $3 Billion annually."
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 of the Company trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
Neither 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 or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gene S. Shelp, Ph.D., P.Geo., President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
E-mail: [email protected]
Web Site: www.enpar-tech.com
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
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.