Verditek PLC WES Drives Commercialisation with Global Licence
15 March 2018 - 6:01PM
RNS Non-Regulatory
TIDMVDTK
Verditek PLC
15 March 2018
Verditek PLC
("Verditek" or the "Company")
WES Drives Commercialisation with Global Licence
Verditek plc, (AIM: VDTK), the clean technology company, is
pleased to update shareholders that Westec Environment Solutions
("WES") has licensed Canadian company Industrial Climate Solutions
Inc. ("ICSI") on an exclusive worldwide basis to commercialise WES'
patented carbon capture, natural gas processing, gas purification
and indoor air quality technology.
Verditek is committed to commercialising proven technology that
can deliver significant competitive advantage compared to
conventional industrial solutions and this is one example being
realised through the agreement between WES and ICSI.
Geo Nesbitt, Chairman and Interim CEO of Verditek plc said: "We
are thrilled by this milestone agreement between WES and ICSI. This
collaboration represents a significant step forward in the journey
towards the industrial acknowledgment and adoption of WES'
innovative CO(2) capture technology. This is not just a significant
moment for WES and the development of its patented technology but
also a significant moment for cleantech as a whole."
Richard Adamson, CEO of ICSI added "The RFC technology developed
at WES opens the door to significant size reductions and cost
savings for post-combustion CO(2) capture applications. This is a
key enabling step in advancing carbon capture, utilisation and
storage from demonstration projects to integrated regional
industrial emissions management systems. And this is only one of
several applications in multiple markets for this ground-breaking
technology."
With the business discipline and support of Verditek's
leadership team, WES is in a strong position to fully benefit from
the licence with ICSI.
The official announcement of the collaboration took place at the
international GLOBE Forum and Innovation Expo 2018 in Vancouver,
Canada. With the Canadian government investing nearly GBP0.8
billion to help Canada's clean technology industry, protect the
environment and create jobs, the agreement between WES and ICSI is
perfectly timed to leverage this investment.
WES' suite of innovative gas/liquid and three-phase
contactor/reactor technologies, known as Regenerative Froth
Contactor (RFC) technology will be used in the oil and gas sector,
fine chemicals, pharma and cement production. The main benefits of
the technology will be that it opens the door to significant size
reductions and cost savings for post-combustion CO(2) capture
applications.
The agreement between WES and ICSI reinforces the focus of both
companies on the development and widespread adoption of industrial
process equipment and technologies that reduce greenhouse gas
emissions at an industrial scale. Further details can be found on
the WES' website www.wes-worldwide.com.
Enquiries:
Verditek plc
Geo rey Nesbitt (Chairman and Interim CEO) +44 (0) 20 7129 1110
enquiries@verditek.plc.uk
Whiteoaks Consultancy
Mary Fitzgerald +44 (0) 7795 284440
Bekki Bushnell + 44 (0) 7841 698586
verditek@whiteoaks.co.uk
Stockdale Securities Limited (NOMAD and Broker)
Antonio Bossi/Hanan Lee + 44 (0) 20 7601 6100
www.stockdalesecurities.com
About Verditek
Verditek plc (AIM: VDTK), the clean technology company is
headquartered in London. Verditek is dedicated to commercialising
proven technology that can deliver significant competitive
advantage compared to conventional industrial solutions. From
light-weight solar modules, cutting edge de-odourisation, and
ground-breaking CO(2) capture, Verditek is realising tomorrow's
technologies today.
For further information, please visit verditek.plc.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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