Alpha Wastewater Prepares for Explosive Growth as NORAM Engineering Purchases License and Provides Engineering Support
25 June 2012 - 10:30PM
Marketwired
Alpha Wastewater Inc. (PINKSHEETS: AWWI), the world leader in its
industry, announced today NORAM Engineering Ltd. has purchased a
position in Alpha Wastewater's North American Licensee, ECOfluid
Systems Inc. ECOfluid Systems is the original inventor of Alpha
Wastewater's patented and award winning 'USBF' Wastewater
Technology.
NORAM enjoys a global reputation for innovation and excellence
in the supply of proprietary engineering and equipment packages to
the chemical, pulp and paper, mineral processing and
electrochemical sectors on five continents. In addition to carrying
out large assignments for major multinational clients and
municipalities, NORAM works with early-stage technology companies.
Detailed information on NORAM Engineering and Construction Ltd. can
be found at www.noram-eng.com.
Alpha welcomes NORAM's Engineering and Management strength which
will benefit both the North American and International expansion of
Alpha's "USBF" wastewater technology.
The Company recently announced it had completed the US$24
million agreement on construction and operation of Alpha's 30 year
term BOT (build, operate, transfer) plant to be built at Chengde
High Tech Industrial Park. The Agreement was signed between Alpha's
Chinese partner, China Aviation-AVIC and Alpha's, Beijing Alpha and
guaranteed by Alpha Wastewater Inc.
China Aviation is providing 70% financing and 50% of the equity
with Alpha Beijing providing the remaining 50% equity. Engineering
will be completed in Vancouver, BC, Canada, at Alpha's North
American Licensee's engineering department at ECOfluid Systems Inc.
offices.
The addition of NORAM Engineering and Construction to the Alpha
Wastewater international team further strengthens its growth
initiatives. The Company will continue to provide updates on its
business partnerships and projects.
About Alpha Wastewater Inc. Alpha Wastewater was formed in 2009 and achieved US
Public Trading status on November 9, 2010 for the sole purpose of
launching Alpha's award-winning and patented Upflow Sludge Blanket
Filtration (USBF™) wastewater technology into the world markets.
The technology includes patents, trademark, plant design, over 150
installations in North America and the Caribbean, and over 20 years
in designing, building and operating wastewater treatment plants in
the Infrastructure sector. Alpha is focused on providing green and
environmentally friendly wastewater treatment plants to both mature
markets and emerging markets worldwide with a focus on recycled
water. For more information on the company, visit:
www.alphawastewater.com.
About NORAM Engineering and Construction,
Ltd. Since 1988, NORAM has built a global reputation for
innovation and excellence in the supply of proprietary engineering
and equipment packages to the chemical, pulp and paper, minerals
processing and electrochemical sectors. Six specialized business
groups have completed capital projects on five continents. We are
recognized worldwide as a leader in the fields of nitration,
sulfuric acid and electrochemistry.
In addition to carrying out large assignments for major
multi-national clients and municipalities, NORAM works with
early-stage technology companies providing engineering design and
fabrication support, sharing experience in technology
commercialization, and growing with the company as a strategic
stakeholder. (www.noram-eng.com)
About China Aviation: In October 2008,
China's Central Government merged the two large aerospace entities
into one corporation, China Aviation - AVIC. AVIC is one of the
largest Sue's managed by the Central Government. As one of the
institutions with the States authorized investment it now owns some
200 subsidiary companies and over 20 publicly listed companies. It
has over 400,000 employees with total assets of approximately 400
billion Yuan (USD=6.3 Yuan) and an operating revenue of 170.872
billion Yuan in 2009. In the same year the group applied for a
Fortune 500 designation and ranked 330th in the Fortune Global 500
in 2010.
As a part of AVIC's planning and construction segment, China
Aviation International Construction Co., Ltd. is bringing forth new
ideas in business models and extending its industrial chain pushing
into construction fields such as sewage treatment, waste
incineration for power, affordable housing, urban central heating,
primary land development, revenue buildings, and direct investments
into BT's and BOT's, EPC civil projects and electromechanical
instillations.
AVIC's choice for their in house wastewater treatment technology
was Alpha's award winning 'USBF' technology. AVIC enjoys an
International reputation for excellence and brings to the table
world-class investment and financing capabilities.
Safe Harbor This press release contains
forward-looking statements. These statements relate to future
events or our future financial performance and involve known and
unknown risks, uncertainties and other factors that may cause our
or our industry's actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed, implied
or inferred by these forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as
"may," "will," "should," "could," "would," "expects," "plans,"
"intends," "anticipates," "believes," estimates," "predicts,"
"projects," "potential" or "continue" or the negative of such terms
and other comparable terminology. These statements are only
predictions based on our current expectations and projections about
future events. You should not place undue reliance on these
statements. Actual events or results may differ materially. In
evaluating these statements, you should specifically consider
various factors. These and other factors may cause our actual
results to differ materially from any forward-looking statement. We
undertake no obligation to update any of the forward-looking
statements after the date of this presentation to conform those
statements to reflect the occurrence of unanticipated events,
except as required by applicable law.
Investor Contact: Alpha Wastewater Inc. 1-604-601-8503
info@alphawastewater.com
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