BURNABY, BC, Oct. 20, 2014 /CNW/ - IWG Technologies, Inc.
(IWG) is pleased to announce that its subsidiary, International
Water-Guard Industries Inc. (IWG-I), has launched its latest
Tankless Water Heater for the VIP aircraft marketplace. IWG
is proud to have Greenpoint Technologies Inc. as its launch
customer for the T-Series heaters which have been
designed to meet the demanding challenges of new generation
business aircraft and VIP aircraft such as the Boeing B-787 and
Airbus A350.
Tankless Water Heaters, also known as on-demand
water heaters, play an important role in VIP aircraft potable water
systems by providing continuous and unlimited hot water to showers,
galleys, lavatories and appliances. IWG-I's heaters reliably supply
continuous hot water with no recovery time, communicate with cabin
management systems, and take up much less space than heated tank
systems. The T-Series line will be offered in a
complete range of power sizes for high performance heating with
flow rates of 0.5 to 4 gallons per minute.
Gerald Eiers,
Vice President, Business Development for IWG-I stated "The
T-Series heater meets the highest levels of
environmental qualification and tough operational requirements of
the latest generation executive aircraft. These new units will
round out IWG-I's offering of Tankless Water Heaters with price,
performance and features to meet a wide range of customer
requirements."
"The introduction of the smallest, lightest and
smartest water heater in the market is a testament to IWG-I's
dedication to meet the needs of our customers. The company
continues putting key technology building blocks in place for our
next generation products." stated IWG-I's President Darryl Jacobs.
The company will be unveiling this new range of
tankless water heaters during the National Business Aircraft
Association (NBAA) annual conference and tradeshow which runs
October 21-23 in Orlando, Florida.
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 |
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On behalf of |
IWG Technologies Inc. |
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International Water Guard Industries, Inc. |
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"Bruce W. Gowan" |
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"Darryl E. Jacobs" |
Chair of the Board |
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President |
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.