VANCOUVER, B.C./ PITTSBURGH, PA – BioteQ Environmental Technologies, Inc. (TSX: BQE), a leader in the treatment of industrial waste water, and LANXESS Sybron Chemicals, Inc., a manufacturer and supplier of ion exchange resins and adsorbers for water treatment, have announced a marketing alliance to jointly develop water treatment projects targeting North American resource and power projects.
Under the terms of the agreement, BioteQ and LANXESS have agreed to work together to identify, evaluate, and pursue sales opportunities with potential customers in the resource and power industries in North America. The companies have agreed to jointly market and apply BioteQ’s process technologies for treatment of metal and sulphate-laden waters with LANXESS’s Lewatit® ion exchange resins, as a water treatment solution for sulphate-laden waters such as cooling tower blowdown and flue-gas desulphurization scrubber water, and metal contaminated waters.
“LANXESS’s marketing alliance with BioteQ is part of our strategy to grow our selective ion exchange business in the field of resource recovery,” said Firuza Mir, President and CEO of LANXESS Sybron Chemicals, Inc. “We are looking forward to closely working with BioteQ to provide premium water treatment solutions for new and existing customers.”
“LANXESS’ customer base covers a wide range of water treatment markets including those outside of BioteQ’s traditional focus” said David Kratochvil, President and COO of BioteQ, “The marketing alliance will not only help us leverage our technologies including Sulf-IX for deployment in broader segments of the industrial water treatment markets but also facilitate the development of new technologies and new applications drawing on strong marketing and technical support from LANXESS.
BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company’s commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. The marketing alliance with LANXESS is part of BioteQ’s market diversification strategy to apply the company’s innovative water treatment technologies in new industry sectors, including power generation and oil sands.
LANXESS Sybron Chemicals Inc., a subsidiary of LANXESS Corporation, is an international manufacturer and supplier of ion exchange resins, including the Lewatit® brand of ion exchange resins and adsorbers used for water treatment. LANXESS has strong customer relationships in a broad range of industries, including the power generation sector. The LANXESS group, which is headquartered in Germany, has around 14,000 employees at 43 sites world-wide, including LANXESS Corporation’s North American headquarters based in Pittsburgh, Pennsylvania. LANXESS trades on the Frankfurt Stock Exchange under the symbol LXS. Additional information about LANXESS and Lewatit® ion exchange resins can be found at www.lanxess.com and www.lewatit.com.
By working together, BioteQ and LANXESS can expand their respective product offerings and customer base to provide a compelling solution for challenging water treatment problems in the power and resource industries, helping customers to improve water conservation and re-use, reduce energy consumption and the associated carbon footprint, and comply with regulations while reducing life cycle costs for water treatment.
LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 43 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company’s commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 9 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ has been named one of Canada’s Top 50 Most Socially Responsible Corporations by Jantzi Research and Maclean’s, and the company’s sustainable water treatment solutions have been recognized with the Canada Export Achievement Award, the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bqewater.com.
On behalf of the Board of Directors