Monday, 26 January 2009

IWG Clears Hurdle To Open New Market

International Water-Guard (TSX-V: IWG)
Basic Shares: 39.3 million
Fully Diluted: 46.5 million

International Water Guard (IWG) won a coveted Federal Aviation Administration (FAA) approval thus clearing its path to a new market consisting of roughly 700 aircraft.

Currently, IWG's non-chemical water treatment equipment is on board about 1,000 business and VIP jet aircraft around the world.

So a new market containing 700 planes is a sizable carrot to chase.

The FAA approval, or Supplemental Type Certificate, allows IWG's water disinfection units on board two types of jets - the Falcon 2000 and Falcon 900 - built by Dassault Falcon and headquartered in France.

Before this approval was granted, IWG's water treatment technology was available on the Dassault Falcon assembly line.

This FAA approval now allows Dassault Falcon to offer IWG's technology to United States operators of the two aircraft that were built before IWG's technology was available on the factory floor.

IWG said in a January 26th news release that it expects the European Aviation Safety Agency to give its own similar approval in July or August which would then allow Dassault Falcon to offer IWG's water treatment unit to aircraft owners and operators around the world.

Current owner/operators of these two types of Falcon jets bring their aircraft into Dassault Falcon's factory owned or approved service centres on a roughly yearly basis for a major safety-mechanical check and overhaul.

That's when IWG's technology would be offered as an upgrade to the aircraft system.

Given the far-flung countries corporate aircraft fly to, where they are often forced to upload local water, an IWG water disinfection unit is frequently viewed as more than an upgrade.

It's a necessity.

To view IWG's full news release, please click here.