Aug 25, 2011 09:40 AM EST
FOR: SIONIX CORPORATION
LOS ANGELES, CA--(Marketwire - August 25, 2011) - Sionix Corporation (OTCBB: SINX), designer of innovative and patented advanced mobile water treatment systems (MWTS), announced today that it has executed a Memorandum of Understanding (MOU) with Superklean Environmental Engineers Pvt. Ltd. (SEEPL), a Mumbai, India-based water and wastewater treatment company, for the establishment of Sionix SK India Pvt. Ltd. (Sionix SK), a joint venture (JV) entity to address water treatment requirements on the Indian Sub-Continent.
Arun Bhan, Senior Vice President/International Sales of Sionix states, "The goal of Sionix SK will be to join Sionix MWTS products and the underlying, proprietary Dissolved Air Flotation (DAF) technology with SEEPL's Submerged Aerobic Fixed Film (SAFF) technology, proprietary electrocoagulation products, anaerobic reactors, and de-watering equipment to implement rapidly advancing, proactive environmental initiatives under the sponsorship of the Indian government and private industry cooperatives on the Sub-Continent. We anticipate that, with an integrated package of water and waste water treatment products and a coherent, consolidated engineering and system integration platform, Sionix SK will raise awareness of Sionix in the international market."
Amit K. Gandhi, Director of Operations of SEEPL added, "With the addition of the Sionix MWTS products and technology to our existing expertise in turnkey sewage, effluent and water treatment projects, we have a complete suite of water treatment products, engineering and design competence, and geographic coverage on the Indian Sub-Continent where Indian Pollution Control Board (PCB) Standards define the market. We believe that our collaboration with Sionix will provide international exposure and credibility to both Sionix and SEEPL."
The MOU represents a body of principles that senior management of Sionix and SEEPL have agreed upon, however many details, including corporate governance and operational protocols need to be committed to a formal agreement, which the parties expect to resolve in the forthcoming few weeks. The MOU is an expression of the understanding of the parties but does not guarantee that the parties will enter into the JV if formal agreement cannot be reached. Once an agreement has been reached between the parties, it is expected that day-to-day operation of the JV will be under the supervision and control of SEEPL. As part of a formal agreement, Sionix intends to grant a license to the JV for fabricating and assembling the MWTS in India for applications on the sub-continent under a royalty arrangement. A long term consulting engagement between Sionix and Sionix SK is also expected to be included in the formal documentation. Ownership of the JV is expected be equally apportioned to Sionix and SEEPL.
About Sionix Corporation
Sionix designs innovative and advanced Mobile Water Treatment Systems (MWTS) intended for use in energy, government facilities, healthcare facilities, emergency water supplies during natural disasters, housing development projects, and various industrial processes including subterranean fracturing used in oil and gas drilling. These systems can be located adjacent to contaminated water sites or as a pre-treatment for reverse osmosis and other membrane applications. Industries involved in dairy, agribusiness, meat processing, mining, poultry operations, and many others can benefit from Sionix' cost-effective, easily maintained, portable water treatment systems. For more information about the company, go to www.sionix.com.
About Sionix Technology
Using a patented dissolved air flotation (DAF) technology packaged in a mobile shipping container, air bubbles between the size of 1 and 2 microns are injected and float organic contaminants to the surface where 99.95% are skimmed off, and a majority of inorganic contaminants are also captured and removed. This compares to standard DAF units which historically have been limited to using bubble sizes of 50 microns or larger. The size of these bubbles is important because the smaller the bubble, the greater the surface tension. They can then hold together longer and elevate more organic contaminants to the surface for removal.
About Superklean Environmental Pvt. Ltd.
SEEPL was founded in 1986 by Kishor Gandhi as a part of a group of industrial companies in Mumbai, India. Amit K. Gandhi jointed SEEPL in 2001 as Director of Operations. SEEPL was the first Indian company to design and build a Common Effluent Treatment Plant (CETP) for a cluster of industries in Hyderabad in 1989 and has designed and installed waste water treatment plants in Kuwait, Indonesia, UAE. SEEPL has representatives in England, Thailand, and Bangladesh. For more information about SEEPL, go to www.superklean.in.
About Superklean Technology
SEEPL has developed a proprietary electro-coagulation water treatment technology that combined with expertise in SAFF, Moving Bed Bio Reactor (MBBR), anaerobic reactors, and de-watering equipment providing a cost effective and functionally efficient water treatment system characterized by a small foot print and noiseless operation in crowded Indian communities and application environments.
Forward Looking Statements
All statements in this press release that are not statements of historical fact are forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services, developments or joint ventures or similar partnerships, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include, but are not limited to, whether Sionix Corporation can raise capital as and when it needs to, whether the water purification systems will generate significant sales, whether it can compete successfully in its market and industry, whether it can consummate any proposed arrangements and the terms of the final arrangements and other factors, many of which are beyond the control of Sionix Corporation, including those detailed from time to time in the reports filed with the Securities and Exchange Commission. Sionix Corporation assumes no obligation and does not intend to update these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Director, Sales and Marketing
Amit K. Gandhi
Director of Operations
+91 22 43111999
Investor Relations Contact:
Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates