Mr. Gene Shelp reports

ENPAR AND WORLD CLASS SEPARATIONS COMPANY, EURODIA, TO FORM JOINT-VENTURE

Enpar Technologies Inc. and Eurodia have entered into a definitive shareholders agreement to establish a Canada-based joint venture (Newco). Eurodia will be granted 51-per-cent ownership by subscribing to a $500,000 private placement of Enpar common stock, and by contributing its knowledge of the agro-food industry and technical expertise in electrochemistry. The remaining 49 per cent will be held by Enpar for granting Newco a global licence to market its patented technology to the agro-food industry. Enpar will be responsible for the day-to-day operations of the company.

On March 10, 2015, Eurodia made an initial investment of $150,000 (refer to March 10, 2015, press release for details). As previously stated, the parties expected to finalize the transaction within the second quarter of 2015.

Eurodia is a dynamic and innovative separation process company with 25 years of experience in the design, construction and operation of turnkey solution treatment systems. These systems consist of ion exchange, electrodialysis, chromatography and filtration technologies for clients in the dairy, wine, sugar, sweetener, starch and green (or bio-based) chemicals industries on a worldwide basis.

Newco will combine Eurodia's stellar reputation in the agro-food industry with proven novel technologies and world-class technical talent to exploit a significant global business opportunity. As previously reported, Eurodia believes that the agro-food market offers many large-scale application opportunities for the combination of Enpar and Eurodia technologies, including at least one potential application involving the processing of streams totalling several thousand, or even tens of thousands, of cubic metres per hour.

Dr. Gene Shelp, president and chief executive officer of Enpar, commented: "We are excited to join forces with Eurodia to exploit newly identified/established market opportunities for Enpar's patented technology in the agro-food industry. After two years of successful testing internally, combined with independent third party validation by Vito, a leading European independent research and technology organization, the partners anticipate near-term commercial contracts.

"Enpar also plans to combine Eurodia's suite of technologies with its own to address business opportunities in industrial and municipal water treatment sectors."

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