OTTAWA, May 7, 2013 /CNW/ - Clearford Industries Inc. ("Clearford" or
the "Company"), (TSXV: CLI) announced today that Clearford Industries
Colombia SAS, its 51% owned subsidiary in Colombia, has signed an
implementation agreement with Bosques de Granada y Cayunda ("Cayunda")
for the installation of the first Clearford SBSTM collection network in Colombia. As a term of the agreement it is
expected that construction of Phase I (C$630 K) shall commence
immediately. Subject to sales of Phase I lots, Phase II will commence
following the completion of Phase I. Clearford has also been awarded
the exclusive rights to negotiate the supply of potable water storage
and a waste water treatment plant (est. $500k) for the Cayunda
development. The total potential value of the project is CAD$1.6
million.
The Bosques de Granada y Cayunda (www.bosquesdegranadaycayunda.com) is a luxury development located on the western slope of the valley of
the Teusaca River, 26 km from Bogota. The development is a green
community designed to have minimum environmental impact, with 70% of
the communal area covered by native forest. Unique aspects of the
project include complete recycling of all waste water and harvesting of
rain water to augment fresh water supply.
Clearford Colombia will provide Cayunda with a turnkey solution for all
water infrastructure for the development, including: potable water
supply; waste water collection and treatment; recycling; storm water
management; and rain water harvesting. Construction of all systems will
be managed by Clearford's joint venture partner AL Construcciones Y
Proyectos SAS.
"This is a very exciting project for Clearford" said Kevin Loiselle,
Clearford President & CEO, "Cayunda will be our second site in South
America and our first opportunity to demonstrate Clearford's ability to
deliver a holistic solution to water infrastructure. We have recently
seen a shift in client requirements as they demand a complete and
integrated solution to their water needs from a single supplier.
Clearford has responded by leveraging its hydraulic engineering
excellence and innovative SBS™ sewer into an offering of unified water
systems".
Clearford believes the commencement of construction of its first project
in Colombia will in short order result in follow on sales from its
extensive Colombian sales pipeline.
Neither the 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.
About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is the developer of the patented
Small Bore Sewer ™ (SBS™) based solution, which enables the efficient
collection and treatment of sewage. Its superior operational and
environmental performance is achieved at a significantly lower
operational cost when compared to historic gravity sewers. Clearford's
SBS™ technology and industry expertise provide the enabling platform to
deliver, on a global basis, a turnkey wastewater collection and
treatment solution that is ideally suited for water-scarce regions,
communities with unreliable water distribution networks, and new
developments seeking a greener approach to full water and wastewater
management. For more information on Clearford, please visit www.clearford.com.
Forward Looking Statements
This news release contains certain statements that constitute
forward-looking statements as they relate to the Company and its
management. Forward-looking statements are not historical facts but
represent managements current expectation of future events, and can be
identified by words such as "believe", "expects", "will", "intends",
"plans", "projects", "anticipates", "estimates", "continues" and
similar expressions. Although management believes that the
expectations represented in such forward-looking statements are
reasonable, there can be no assurance that they will prove to be
correct.
By their nature, forward-looking statements include assumptions and are
subject to inherent risks and uncertainties that could cause actual
future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking
statements are set out in this news release, Clearford will also set
out the material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by applicable
securities law, the Company assumes no obligation to update or revise
any forward looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors,
including, but not limited to: industry cyclicality; the ability to
secure third party agreements; successful integration of Clearford's
system with third party technology; competition; reduction in demand
for products; collection from customers; relationships with suppliers;
product liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth; effect of
market interest rates on price of securities; and potential dilution.
SOURCE: Clearford Industries Inc.
