VANCOUVER, BC – BioteQ Environmental Technologies, Inc. (TSX : BQE), a leader in industrial waste water treatment, has sold its share of the mobile Sulf-IXTM pilot plant joint asset to partner Newalta (TSX: NAL) for approximately $500,000 Cdn. The mobile Sulf-IXTM pilot plant, which was built in 2012, is intended to provide on-site field testing for sulphate removal from industrial waste water. The unit was jointly developed by BioteQ and Newalta to further collaboration between the partners in pursuing projects that would apply BioteQ’s innovative environmental technologies and would utilize Newalta’s operating and management expertise.
The mobile Sulf-IXTM pilot plant was commissioned in Q1 2013 and is currently testing water streams at a prospective customer site in the US. Upon completion of this testing in Q2 2013, Newalta will assume full ownership of the mobile Sulf-IXTM pilot plant. BioteQ and Newalta believe that the consolidation of ownership interests will enable more effective and efficient planning and use of the mobile Sulf-IXTM plant.
Going forward Newalta plans to deploy the unit to assess opportunities to apply BioteQ’s Sulf-IXTM technology at both existing and new customer sites in North America. Under the terms of the sale agreement, Newalta will provide operating services for pilot plant campaigns while BioteQ will provide on-site process and technical oversight and expertise during testing.
“BioteQ and Newalta have determined that the sale of the joint asset to Newalta will allow for more efficient use of the mobile Sulf-IXTM pilot plant and will provide better alignment with the respective strengths each company brings to the partnership,” stated Jonathan Wilkinson, BioteQ’s CEO. “We are pleased with this next step in the evolution of our relationship with Newalta and look forward to accelerating commercial progress between the Parties going forward.”
BioteQ Corporate Profile
BioteQ is an innovative clean technology leader in global industrial water treatment, serving the mining and energy markets. The company’s proven technologies have been applied at sites around the world to recover dissolved metals and remove sulphate, producing clean water and eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bqewater.com for additional information.
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