Trojan Technologies Receives $9.36 Million from Government of Canada

Trojan Technologies Inc. (TSX:TUV) announced it has received a $9.36 million repayable investment from Technology Partnership Canada (TPC) to help develop leading-edge water treatment systems using ultraviolet (UV) light.

The TPC investment is part of a $31.2 million research and development project being undertaken by Trojan Technologies. Through this project, Trojan expects to advance the Company's water treatment technology that destroys chemicals and pathogens and to improve its energy efficiency.

The investment will assist Trojan Technologies in further development of UV-based systems for use in the purification of municipal drinking water.

The Company will complete prototyping, integration and pre-commercial testing of component technologies that will significantly improve the energy efficiency and effectiveness of UV drinking water treatment systems. These systems will reduce the need for chlorination, which can produce by-products known to be harmful to human health and is not effective in treating against Cryptosporidium.

Trojan will be reimbursed for a portion of eligible expenses incurred over the course of the project. Repayment of the investment will be calculated as a royalty based on the total revenue of the Company, subject to annual minimums.

Technology Partnerships Canada is a special operating agency of Industry Canada, with a mandate to provide funding support for strategic research and development, and demonstration projects that will produce economic, social and environmental benefits for Canadians.

Trojan Technologies designs, manufactures and sells UV systems for municipal wastewater and drinking water facilities, as well as for the industrial, commercial and residential markets. The Company also provides UV treatment for the removal of certain chemicals from water. With approximately 3,800 municipal facilities in more than 50 countries using its technology, Trojan has the largest installed base of UV systems in the world. Headquartered in London, Ontario, Canada, the company also has offices in the U.K., Germany, Netherlands, Norway, Spain, and the U.S. Its shares are listed on The Toronto Stock Exchange under the trading symbol TUV.