VANCOUVER, B.C.– BioteQ Environmental Technologies, Inc. (TSX: BQE), a leader in the treatment of industrial waste water, announced today that it has come to an agreement with Freeport-McMoRan Copper and Gold Inc. (“Freeport”) to end furlough of the joint venture plant in Bisbee, Arizona and restart operations. The plant was placed on furlough in April 2009. During the last 12 months, the joint venture partners performed a number of reviews of the Bisbee facility that lead to the implementation of technical improvements and cost reduction measures.
Following the plant restart in April 2010, BioteQ and Freeport have agreed to resume periodic quarterly reviews of the plant operation similar to those performed during normal plant operation prior to furlough.
David Kratochvil, BioteQ’s President and COO stated,” We look forward to re-starting the Bisbee plant and expect that following the initial ramp-up period, the facility will return to full production sometime in the second quarter of 2010. We are proud of the work that has been completed by the joint venture partners during furlough contributing to improvements in safety, environmental compliance, and operating efficiencies of the Bisbee plant.”
BioteQ Corporate Profile
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 8 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 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