Enpar hires Narayanan for market development
2006-12-22 10:04 ET - News Release
Dr. Gene Shelp reports
ENPAR ENGAGES SENIOR WATER EXECUTIVE AS MARKET DEVELOPMENT CONSULTANT
Enpar Technologies Inc. is hiring Ram Narayanan as a market development consultant to the company.
Mr. Narayanan has over 31 years in the water industry and with waste water treatment technologies and equipment. He is presently a partner and executive vice-president in the Reservoir Fund, a New York-based company dedicated to investments in the water sector.
Prior to joining the Reservoir Fund he was vice-president of the water treatment division of Layne Christensen Co., with responsibility for integrated groundwater services. He also served as executive director of strategic planning for Aqua-Chem Inc., a Wisconsin-based company involved in thermal desalination and water purification.
Mr. Narayanan founded and successfully managed the growth of two industrial waste water and potable water treatment companies that were subsequently acquired by U.S. Filter and American Colloid. He gained his early experience as manager of project engineering and construction with Calgon Carbon Corp. and has a bachelor degree in chemical engineering from Madras University and a master's degree in civil engineering from New York University.
Management believes that Mr. Narayanan will play an important role in the overall marketing of the company's suite of state-of-the-art water treatment technologies.
Enpar announces that it has agreed to grant options to two consultants for a total of 300,000 options. The options are exercisable at a price of 25 cents per share for a period of up to two years. The grants are subject to acceptance by the TSX Venture Exchange.
