Clearford Signs Agreement to Install Wastewater Treatment Unit in India

Clearford Industries Inc., Ottawa-based developer of wastewater collection systems, has signed an agreement with Lakepoint Builders Pvt. Ltd. to implement Clearford’s wastewater treatment unit in India. Lakepoint is a subsidiary of India’s Hiranandani Group, a real estate development company. The unit will be installed at a luxury development in Bengaluru in southern India. This agreement covers the implementation of a wastewater collection and treatment system for Phase I of the development, which is approximately 25% of the planned project size. Development is expected to start in the final quarter of 2011 pending both parties entering a binding construction agreement.