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Enter Symbol
or Name
USA
CA



Enpar Technologies Inc
Symbol ENP
Shares Issued 96,037,252
Close 2015-03-30 C$ 0.08
Market Cap C$ 7,682,980
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ORIGINAL: ENPAR and World Class Separations Company, Eurodia, to Form Joint-Venture

2015-03-31 12:19 ET - News Release

Guelph, Ontario--(Newsfile Corp. - March 31, 2015) - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. (TSXV: ENP) ("ENPAR" or "the Company"), is very pleased to announce that Eurodia and ENPAR have agreed to enter into a definitive shareholder's agreement to establish a Canadian-based joint-venture ("NEWCO"). Eurodia will be granted 51% 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 electro-chemistry. The remaining 49% will be held by ENPAR for granting NEWCO a global license to market its patented technology to the agro-food industry. ENPAR will be responsible for the day to day operation 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 Q2 2015.

Eurodia (www.eurodia.com) is a dynamic and innovative separation process company with 25 years 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 processing of streams totaling several thousand, or even tens of thousands, of cubic meters per hour.

Dr. Shelp 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."

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
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. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. 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. These statements speak only as of the date of this press release. 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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