HUMAN UNITEC INTERNATIONAL INC
ANNONCES THE FIRST SALES OF A TIRES RECYCLING
GRONE TWO BINDING JOINT VENTURE
PURCHASE
AGREEMENTS FOR THREE
MILLION NINE HUNDRED THOUSAND DOLLARS
($3,900,000)
Boston, MA -- July
1, 2020 -- InvestorsHub NewsWire -- Human Unitec International,
Inc., (OTC
PINK: HMNU) ("HMNU") ("The
Company") is
a Project Finance, development and assets management
Corporation focused in sustainability, medical & wellness and
green energy.
In June 2016, the Company
acquired the patented renewable energy intellectual property for
the GRONE. The Grone is a versatile waste sorting center that acts
not only as a recycling center, but also as power plant aimed at
eliminating the need for landfills.
On May 11, 2020 the Company
entered in to a contract with Palladium Investments SA, a Swiss
subsidiary of ILDA INVESTMENTS SA, for the sale of the first of six
GRONE plants for the recycling of solid waste management for
$43,000,000 USD (www.hmnuinc.com) (www.ildaag.com)
The Human Unitec International,
Inc.'s GRONE development team has recently completed the
development and is now finalizing the sale and
deployment of several small affordable GRONE plants. These GRONE plants are
utilized for the recycling and management of solid waste, plastic,
used tires and exhausted oils.
A prototype of a tire
recycling plant with 10-ton capacity is
been built and is in operation in the Milano area of Italy. This
plant is under the direct supervision of Human Unitec
International, Inc.'s GRONE technicians. The basic investment cost
of this plant is budged for approximately $2,000,000 USD and the
plant shall produce an average annual net income of approximately
$1,800,000 USD.
On June 26, 2020, the Company
entered into a binding joint venture for the construction and
operation of a tires recycling, 10 ton capacity GRONE for a total
of $1,800,000 USD with Gruppo Sedda of Porto Torres. The first
GRONE for tires will be installed
in
Olbia-Tempio Community, north east of
Sardinia, Italy. Under the terms of the agreement, HMNU will
finance 50% of the project and will provide technical and
administrative assistance to the local partner
investor-operator.
On June 30,
2020,
the President of
HMNU,
Fabrizio
Bosticco, and Andrea Sedda, Founder of the Group
Sedda
and
Sedda
Energy
S.R.L.
agreed to extend
the June 26,
2020 joint
venture to
include the
construction of a second GRONE plant for plastic recycling,
with
10 tons
capacity, for the production of
electricity. Andrea Sedda stated: "We are very happy to have the
chance to build this fantastic equipment in Sardinia. The GRONE plant
represents a significant evolution in the grown of the
renewable
green energy for
our country and our environment. Economically, a 10 tons plant is able to
produce up
to 8 tons of
green eco diesel a day, equal to 12,600,000 KW/year or over
Euros
(€)
2,772,000
in net
revenues." The combined purchase
price of the
initial two GRONE 10 Ton Capacity Plants exceeds $3,900,000
USD.
Sumaya Alay Faysal, Executive Vice
President and International relations coordinator of Human Unitec
International, Inc., recently stated: " The GRONE gives to our
Company the opportunity to progress toward our goal to become a
global leader in innovative affordable recycling plants and
eliminate the landfills giving revenues and natural
energy.
The Company will provide to
investors additional technical and financial information on the potentiality
of the development of this GRONE plant and on the opportunity of
direct investment in the realization and or management of other
plants in Europe, USA and Canada.
About the GRONE:
The Grone is a versatile waste
sorting center that acts not only as a recycling center, but also a
power plant aimed at eliminating the need for landfills. The modern
landfill is a gross use of space and increasingly becoming a threat
to the environment. The primary purpose of the Grone is to sort
Municipal Solid Waste (metals, glass, plastic, textiles, paper, and
bulky waste). The Grone separates each resource and allocates it to
the proper recycling zone through an assembly line consisting of a
4-stage process. The waste is then used as fuel to maintain its
perpetual power system. The power generated from the system can be
used to power water desalination plants that offer fresh water to
the respective community and revenue to the entities. Since 2016,
the Company has been working with Health Target in completing the
GRONE technology for commercial deployment.
www.hmnuinc.com
Copyright July 2020 ©
Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON,
MA 02109
Contact: Telephone
(413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1.
www.hmnuinc.com
Forward-looking
Statements:
This document contains certain
forward-looking statements with respect to the financial condition,
results of operations and business of Human Unitec International
Inc., (HMNU),
a startup company, and certain of the plans and objectives of HMNU
with respect to these items. Examples of forward-looking statements
include statements made about our strategy, estimates of sales
growth, future EBITA and future developments in our organic
business. Forward-looking statements can be identified generally as
those containing words such as "anticipates",
"assumes", "believes", "estimates", "expects", "should", "will",
"will likely result", "forecast", "outlook", "projects", "may" or
similar expressions. By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances and there are many factors that could cause
actual results and developments to differ materially from those
expressed or implied by these forward-looking statements. These
factors include, but are not limited to, domestic and
global economic and business conditions, the successful
implementation of our strategy and our ability to realize the
benefits of this strategy, our ability to develop and market new
products, changes in legislation, legal claims, changes in exchange
and interest rates, changes in tax rates, pension costs and
actuarial assumptions, raw materials and employee costs, our
ability to identify and complete successful acquisitions and to
integrate those acquisitions into our business, our ability to
successfully exit certain businesses or restructure our operations,
the rate of technological changes, political, economic and other
developments in countries where HMNU operates, industry
consolidation and competition. As a result, HMNU actual future
results may differ materially from the plans, goals and
expectations set forth in such forward-looking
statements
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