NanoStruck Signs Wastewater Treatment Letter of Intent for Mexico’s El Tuito
11 March 2014 - 7:05AM
Business Wire
NanoStruck Technologies Inc. (the “Company” or “NanoStruck”)
(CSE: NSK) (OTCQX: NSKTF) (Frankfurt: 8NSK) announces the signing
of a Letter of Intent (LOI) with the town of El Tuito to use the
Company’s NanoPure technology to treat wastewater from the
municipality of Cabo Corrientes in Mexico.
The parties are in dialogue for the treatment of household
residual water, which contains food, biodegradable matter, kitchen
waste and organic materials. The Company’s NanoPure solution uses
chemical-free processes and proprietary nano powders that can be
customised to remove such contaminants.
Homero Romero Amaral, President of the Municipality of Cabo
Corrientes said: “NanoStruck’s NanoPure technology is a proven
solution for the treatment of residual water in an environmentally
friendly way. Its low energy consumption means it also maintains a
low carbon footprint.”
Bundeep Singh Rangar, Interim CEO and Chairman of the Board
said: "We are privileged to be given the opportunity to work with
the Cabo Corrientes municipality to create a long-term residual
wastewater treatment solution.”
El Tuito is the capital of Cabo Corrientes, a cape on the
Pacific coast of the Mexican state of Jalisco. It marks the
southernmost point of the Bahía de Banderas (Bay of Flags), where
the port and resort city of Puerto Vallarta is situated.
The Municipality and NanoStruck have commenced negotiation of a
definitive agreement regarding the use of the NanoPure technology
and hope to complete a binding agreement within 90 days.
About the Company
NanoStruck Technologies Inc. is a Canadian Company with a suite
of technologies that remove molecular sized particles using
patented absorptive organic polymers. These versatile biomaterials
are derived from crustacean shells or plant fibers, depending on
requirements of their usage. Acting as molecular sponges, the
nanometer-sized polymers are custom programmed to absorb specific
particles for remediation or retrieval purposes. These could be to
clean out acids, hydrocarbons, pathogens, oils and toxins in water
via its NanoPure solutions. Or to recover precious metal particles
in mine tailings, such as gold, silver, platinum, palladium and
rhodium using the Company’s NanoMet solutions.
By using patented modifications to conventional technologies and
adding polymer-based nano-filtration, the Company’s offers
environmentally safe NanoPure solutions for water purification. The
Company uses Environmental Protection Agency (EPA) and World Health
Organization (WHO) guidelines as a benchmark for water quality and
safety to conform to acceptable agricultural or drinking water
standards in jurisdictions where the technology is used.
Additionally, the Company’s technology can be used to recover
precious and base metals from mine tailings, which are the residual
material from earlier mining activities. By retrieving valuable
metals from old tailing dumps, the Company’s NanoMet solutions
boosts the value of existing mining assets and reduces the need for
new, costly and potentially environmentally harmful exploration and
mining.
The Company’s current business model is based on either selling
water remediation plants or leasing out units and charging
customers on a price per liter basis with a negotiated minimum
payment per annum. For processing mine tailings, the value of
precious metal recovered is shared with tailing
site owners on a pre-agreed basis.
On behalf of the Board of Directors:
Raj Kurichh, Chief Marketing Officer
NEITHER THE CANADIAN NATIONAL STOCK EXCHANGE NOR ITS
REGULATORY SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use
of any of the words "anticipate", "continue", "estimate", "expect",
"may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward-looking statements.
Statements relating to "reserves" or "resources" are deemed to be
forward-looking statements because they involve the implied
assessment, based on certain estimates and assumptions that the
resources and reserves described can be profitably produced in the
future.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors
discussed in the Company’s Management’s Discussion and Analysis for
the year ended Sept. 30, 2013 and 2012, filed on Jan. 28, 2014
under the Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
NanoStruck Technologies Inc.Raj Kurichh, 905-813-0900Chief
Marketing Officerinfo@nanostruck.comwww.nanostruck.com
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