GUELPH, ON–(Marketwired – May 24, 2017) – Last week, Dr. Gene Shelp, President and CEO of ENPAR Technologies, Inc. (TSX VENTURE: ENP) (“ENPAR” or “the Company”) was invited to speak at the PUJIANG INNOVATION FORUM 2017 – CANADA FORUM held at the Metro Toronto Convention Centre and to meet with representatives of potential joint venture partners and investors from China’s water treatment and financial sectors. The highly successful event was sponsored by the Ministry of Science and Technology of China, the Science and Technology Commission of Shanghai Municipality, and the Ontario Ministry of Research, Innovation and Science.
This International Innovation Forum showcased the historically strong ties between the business communities of Ontario and China and highlighted China’s emerging industrial water treatment sector and corresponding growing demand for innovative water treatment technologies.
The event included a B2B session where Dr. Shelp met with representatives of several respected Chinese water treatment companies interested in learning more about ENPAR’s disruptive electrochemical water treatment systems. The following day, ENPAR hosted these representatives with a tour of its facilities, as well as technology demonstrations, in Guelph, Ontario.
Dr. Shelp commented, “The China-Canada Innovation Forum and subsequent interactions with the representatives of several Chinese companies has renewed ENPAR’s interest in establishing a presence in China. Historically, municipal water treatment applications have been the primary water market drivers in China; however, emerging markets are related to the treatment and recycle/reuse of industrial waters. To exploit these emerging markets, Chinese companies are actively seeking innovative technologies that provide both an immediate market advantage and represent potential longer term new market development opportunities. As a first step forward, ENPAR and each of these Chinese companies will execute a Confidentiality Agreement in order to initiate detailed discussions of current water treatment opportunities.”
According to the 2016 issue of China’s ‘Water Pollution Prevention and Control Action Plan’ (also known as the “Water Ten Plan”), the expected cumulative GDP growth for the 5-year period, 2015 to 2020, will be around RMB5.7 trillion (CAD $1.117 trillion). This growth is expected to generate RMB1.9 trillion (CAD $373 billion) of new investment in industries associated with environmental protection; RMB1.4 trillion (CAD $275 billion) of this will be allocated to the purchase of products and services. Improving industrial water use efficiency and reducing ammonia pollution of water bodies are two of the significant issues that have been included in the Plan.
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.
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.
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