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ENP

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Share Name Share Symbol Market Type
TSXV:ENP TSX Venture Common Stock
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ENPAR Signs Memorandum of Understanding with Apsu Water Technology Inc. to Develop Business Opportunities in Specific Asian M...

12/03/2013 1:42pm

Access Wire


UPDATE ON BUSINESS ACTIVITIES IN THE MIDDLE EAST

March 12, 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 entered into a Memorandum of Understanding (MOU) with Apsu Water Technology Inc. ("APSU"), based in Silicon Valley, and related strategic partners to market ENPAR's array of state-of-the-art water treatment technologies in select regions of Asia.

APSU is managed by respected business leaders with considerable experience in Asia, who have identified significant business opportunities in select Asian water treatment sectors. The Company was founded specifically with the purpose of introducing advanced electro-separation technology for water purification to solve groundwater contamination problems. The company's initial focus is on the Indian subcontinent working with experienced water scientists, engineers, NGOs and government agencies to support this undertaking. APSU reports that its studied analysis indicates that ENPAR's water treatment technologies represent the best option for water purification of this type in the world.

APSU has purchased a pilot scale water treatment unit that is scheduled to be shipped to Asia during the first week of April, 2013. This unit will be utilized for demonstrating to domestic companies the efficacy of ENPAR's novel technology in addressing various environmental and health-related water contaminant issues.

Currently, many Asian countries treat less than 10% of all waste water. Drinking water is purchased by 60% of the population as bottled water, and as an example, about 25% of China's population drink contaminated water every day. Also, water contamination is becoming a serious issue for food preparation and processing, as well as for the environment.

It is anticipated that the market in Asia for treatment of waste water and drinking water will reach USD $117B by the year 2015. Yet, this will result in only a 20% increase in overall treatment.

Dr. Shelp commented that: "The key to ENPAR's success in developing water markets is the selection of strategic partners with an intimate knowledge of the water sectors and with well established relationships with domestic water treatment companies and end users. It is our belief that Apsu Tech Inc. will provide ENPAR with the exposure required to facilitate near-term sales and significant growth potential."

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Update on the Middle East

Dr. Gene Shelp reports that "ENPAR and its partner Miahona continue to develop significant business opportunities for ENPAR's innovative water treatment systems in the petro-chemical and energy sectors within the Kingdom of Saudi Arabia. Based on recent events, Dr. Walid Abderrahman, Chairman & CEO of Miahona, believes that negotiations with major industry players are nearly completed."

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.

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:

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

E-mail: gshelp@enpar-tech.com

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.

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