October 01, 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 will ship, on an EX Works basis, a full-scale ESD module to JUKAM Machinery Co., Ltd. (JUKAM) of the Republic of Korea. ENPAR anticipates receipt of the equipment purchase price within the next 7 business days.
On September 24-27, ENPAR hosted senior technical representatives of JUKAM, who conducted extensive testing and confirmed that the system meets the technical performance specifications as delineated in the purchase agreement. ESD is a scalable modular system designed to accommodate both modest flow-rates and higher flow-rates characteristic of large municipal and industrial wastewater and process water streams.
As a leading design and build engineering firm specializing in residential, commercial, industrial and municipal engineering projects, JUKAM is well positioned to capitalize on near-term opportunities to deliver the ENPAR suite of novel, versatile technologies to the water treatment and management markets of South Korea, estimated to be US $2 - $3 Billion annually.
"ENPAR places very high value on our business relationship with JUKAM, which began with the sale of an ESD pilot system in 2010," stated Dr. Shelp. "Given the positive developments and excellent business and technical rapport, the companies are engaged in negotiations to establish a formal, long-term agreement within the immediate future."
Completion of the sale to JUKAM represents the second notable event for ENPAR during the third quarter of 2012. Earlier this month, the Company installed a full-scale module of its ESD System at a City of Guelph facility for demonstration purposes. Designed to treat approximately 100,000 litres per day, the system reduces target ions in drinking water from groundwater sources to a level below government guidelines.
The Ontario Ministry of Economic Development and Innovation has awarded funding for the ESD Demonstration Project through the Innovation Demonstration Fund and the City of Guelph ("the City") is participating as Demonstration Project Partner. In cooperation with the City, ENPAR is conducting demonstration sessions for water treatment and environmental engineers, facility managers and operators, environmental scientists, government officials and investors. The Demonstration Project provides a showcase venue whereby interested parties can become familiar with the functional and performance capabilities of the ESD system.
The ENPAR business development strategy is focused on leveraging recent successes to introduce the Company's versatile water treatment products to the municipal, food processing, mining, energy and industrial sectors worldwide. Global market penetration will be achieved through business relationships with established, highly respected firms with access to an existing, broad client base and distribution channels.
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.