OTTAWA, Ontario — Clearford Water Systems Inc. CEO Kevin Loiselle announced he expects the company will generate $90 million in revenue during the next 30 months because of several factors, according to a press release.
Loiselle made the announcement during the June 18 Annual General Meeting of Shareholders, noted the release. He attributed the predicted success to the launch of a new product in April 2014, which led to additional opportunities.
Clearford acquired 90.7 percent of UV Pure Technologies Inc. shares in 2014, stated the release. UV Pure saw increased revenue by 22 percent in the first quarter of 2015 over the first quarter of 2014.
UV Pure will supply systems to Erie Water Treatment for the restaurant and hospitality industries worldwide, reported the release, under a co-branding agreement.
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