Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 201 2 1 2016 was a trying year for many of ClearTech’s customers. Energy, chemical, mining and other significant customer groups faced challenges in the wake of a depressed Canadian resource economy. As customers struggled to persevere, ClearTech remained at their service, working to reduce costs, improve efficiencies or offer alternative products to help keep both our customers and ourselves viable. The strength of our relationships and the resilience of our people allowed us to finish the year strong and well positioned to take on 2017. In spring 2016, we executed a strategic reorganization of the management team. This was undertaken to add resources, improve productivity, drive profitability and position ClearTech for future growth. We are pleased and excited to have added Phyllis Salisbury and Curt Dittmer to the Senior Management team. Their knowledge and experience has already demonstrated impact on our ability to succeed. With help from our internal real estate group, Round Table Management, we were able to secure a necessary new location for our Edmonton-based operations. Work has commenced on the new site. As in any new project, particularly in the chemical business, challenges emerged immediately in areas of design, environmental planning and regulatory approvals. Given that we are also renovating existing structures and adding new buildings and rail, the project presents its share of challenges and intrigue. By the time the work is completed on the new property it will be the single largest capital project in the company’s history. We will have increased rail capacity, improved production space, expanded tank and inventory capacity and upgraded office facilities for both sales and production. Initial challenges have been overcome, work has begun and we expect the facility to be operational in the first half of fiscal 2018. ClearTech remained strong in 2016, keeping in step with previous results. We are proud that we have maintained during tough times. Our people deserve thanks and credit for their hard work and dedication. We also understand the challenges ahead as we continue to invest in new infrastructure and the future of our business in midst of a tough economy. - Randy Bracewell SALES: $110,123,423 CURRENT ASSETS: $19.761,423 TOTAL ASSETS: $35,870,006 CLEARTECH INDUSTRIES PIC_AnnualReport_Final-Alternate_2.indd 12 2016-12-01 8:42 AM