Enpar Makes Sale To Mutinational Petrochemical CompanyNot a huge sale but the number of partners continues to grow. To get people jacked about the stock these guys need to keep putting out regular news about more sales and promote the water story IMHO :
ENPAR SIGNS PARTNERSHIP AGREEMENT WITH
MULTINATIONAL PETROCHEMICAL SERVICES COMPANY
INITIAL PURCHASE ORDER
OF $140,000
Sept 07, 2016; Guelph, Ontario. Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSX-V:ENP) (“ENPAR” or “the Company”), is very pleased to announce that ENPAR has partnered with an multinational petrochemical services company to facilitate sales of ENPAR's patented electrochemical water treatment systems.
Over the past 25 years, this Petrochemical Services Company has developed environmentally responsible, innovative, cost effective processes to facilitate the development of progressive solution management practices in the petroleum industry. Following a successful test program which identified the complementary nature of ENPAR's patented systems, ENPAR received a contract to construct a containerized plant valued at approximately $140,000.
"ENPAR continues to attract interest from respected international industry players who focus on high-margin niche markets with values ranging from tens to hundreds of millions dollars globally.” Dr. Shelp commented that, “ENPAR is finally reaping the rewards of its strategic growth plan of partnering with important market opportunity-driven strategic partners. We are excited about the second half of 2016, as this partnership is the third of its kind completed by ENPAR over the past seven months. Like our previous agreements in 2016, we expect additional sales with this partner to follow within the next 12 months."
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