BURNABY, BC, July 2, 2014 /CNW/ - IWG Technologies Inc. is
pleased to announce that its subsidiary, International Water-Guard
Industries Inc. (IWG), will be receiving support from Western
Economic Diversification's Western Innovation (WINN)
Initiative.
http://news.gc.ca/web/article-en.do?nid=863729
"The WINN program shows the Federal government's
commitment to the aerospace sector and will assist IWG in
accelerating its development of industry-leading products" says
Darryl Jacobs, President of
International Water-Guard Industries Inc.
The support comes in the form of repayable
assistance, with up to $315,500
contributed over the next two years to help develop, certify and
commercialize aircraft water management products including
on-demand water heaters and water treatment systems for business
jet lavatories and showers. IWG will repay the contribution
over 5 years, commencing February
2017.
IWG Technologies, Inc. is the public holding
company for International Water-Guard Industries Inc., a Canadian
aerospace company focused on aircraft potable water treatment,
water systems, water heaters and components. IWG has expertise in
all aspects of water treatment, has the products and know-how to
provide high quality water for passengers and crew, and
lightweight, space-saving solutions for the aircraft operator.
On behalf of the Board of Directors
IWG Technologies Inc.
"Bruce W. Gowan"
Chair of the Board
This news release contains certain forward-looking
statements that reflect the current views and/ or expectations of
IWG with respect to its performance, business and future events
including statements with respect to completion of proposed or
future transactions. Such statements are subject to a number of
risks, uncertainties and assumptions, which may cause actual
results to be materially different from those expressed or implied
including the risk that required approvals will not be obtained and
that suitable additional businesses may not be identified.
IWG assumes no future obligation to update these forward looking
statements except as required by applicable securities
laws.
The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
release
TSX VENTURE: IWG
SOURCE IWG Technologies Inc.