ENPAR Signs Licensing Agreement With Fontus Water Pvt Ltd: A Leader Within The Indian Institutional, Industrial and Rural Water Marketsadmin
November 6, 2013, 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 signed a licensing agreement with Fontus Water Pvt. Ltd., which is based in India, to market ENPAR’s array of state-of-the-art water treatment technologies in select regions of Asia & Africa.
Established in the year 2000, Fontus Water Pvt. Ltd. offers complete water and wastewater management solutions to the institutional, industrial and rural water markets. As a member of the Earth Water Group, Fontus Water is India’s fastest growing water solutions provider and is one of the few companies in India which is ISO 9001: 2008 certified in this segment.
India has devoted substantial resources to the water supply and sanitation sector, significantly increasing its commitment since 1980 with the launch of the International Drinking Water Supply and Sanitation Decade. Today, investment in the drinking water sector constitutes about 3% of the national budget. As a result of this investment, 85% of the urban and over 50% of the rural populations have access to public water supplies.
Declining water quality and quantity and rising water demands are national concerns. Local groundwater levels have been recorded 1200 feet below the surface and are predicted to continue to drop. Furthermore, residents in 22 out of 32 major Indian cities deal with daily water shortages. To address the water scarcity problem, the government has adopted many measures to curb wastage, with water rationing becoming more prevalent. However, there appears to be considerable opportunity to apply innovative solutions to address this problem.
Historically, in India where requirements for water recycling and reuse are substantial, reverse osmosis (RO) has been adopted as the primary technology to address the common issue of high concentrations of dissolved solids in the water. However, RO has low recovery with wastage of 50-90% common in many small water treatment plants. ENPAR’s goal is to work with Fontus Water to provide CDI-based technological solutions as an alternative with water recoveries as high as 90-95%.
Dr. Shelp commented, "Management and the Board of Directors of ENPAR believe that this relationship with a leading player in the water sector, such as Fontus Water Pvt. Ltd., will accelerate ENPAR’s entrance into Asian markets and enhance greatly the overall business opportunities."
Fontus Water’s national footprint covers the institutional, industrial and rural water supply segments and is an excellent distribution platform for a large untapped opportunity. Speaking of the Indian scenario and their endeavor, Sunil Ghorawat, Managing Director for Fontus Water stated, "Our customers demand higher recovery of water to overcome the shortfall in availability. We believe that CDI is the best treatment technology for adoption by the user groups. From its very inception, Fontus has introduced appropriate leading technologies into the Indian market. Bringing the CDI technology to India strengthens our position as an innovative technology provider in the water sector." He further adds, "With Fontus sales & service centres located across 10 cities and complemented by a strong network of support services, CDI is expected to have a market impact in a very short span of time."
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". At present, ENPAR holds a total of 20 patents and has submitted an additional 18 patent applications related to six distinct technologies.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Gene S. Shelp, Ph.D., P.Geo., President and CEO
ENPAR Technologies Inc.
70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5
Tel: (519) 836-6155
Fax: (519) 836-5683
Web Site: www.enpar-tech.com
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. 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. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Posted: November 6th, 2013 under ACCESSWIRE.