Lifequest World Corp Subsidiary Biopipe Global Successfully Completes Installation and Commissioning of First 2 Plants in India; Ready to Ship 1 Plant to South Africa and Awaits Release of 1 Plant by Customs in Bangladesh
Biopipe Global Corp., a wholly-owned subsidiary of Lifequest World Corp (OTC PINK:LQWC) with its JV partner has successfully installed and commissioned 10m3 and 30m3 plants at hotels in India. We are also ready to ship a 30m3 plant to South Africa and await the release of a 108m3 plant by customs in Bangladesh.
Mr. Senthil Kumar, President, CEO of our JV, Biopipe Global India stated that “we are thrilled with the results and how quickly we have been able to procure, install and commission the first two plants. We have targeted the hotels first because as of Jan 1, 2020, all hotels with kitchen and laundry must have a sewage treatment plant (STP) on site. There are approximately 1,784,000 hotels in India and Biopipe’s small footprint and versatility makes it an ideal, if not the only STP solution for hotels. Everyone was waiting for the demo plants to be fully commissioned and with full EPC capability in place, our focus is now on building our sales pipeline, which continues to grow. We expect to install approximately 1,000m3 in the next 3 to 4 months.”
Enes Kutluca, the CEO of Biopipe said, “We are extremely pleased with Mr. Senthil’s team’s ability to not only overcome initial hurdles but also their ability to assemble, install and commission a plant with limited engagement from our side. We are now very confident that this will allow us to scale very quickly in India.”
In South Africa, our focus is on leasing and build own operate (BOO) projects and about to ship the first plant that will be installed at a prominent college in Eastern Cape. Our JV partner, Abrimix expects several orders to follow, once we have successfully commissioned and met the effluent discharge standards. We are confident of meeting the discharge standards. These plants will be leased and expect them to generate significant cashflow for the Company over a long period.
Biopipe, a wholly owned subsidiary of Lifequest, has developed a patented 100% sludge free, chemical free, odor free, silent, easy to assemble and install, scalable, low cost, ecological and virtually maintenance free sewage wastewater treatment system. The treated water exceeds EU Standards for discharge and can be reused for irrigation, flushing and cleaning.
Contact: firstname.lastname@example.org or +1 646-201-5242
Contact: email@example.com or +91-8220595903
This press release contains forward-looking statements that reflect the Company’s current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “will,” “will be,” “anticipate,” “predict,” “expect” “continue,” “future,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: future revenues, expenditures, capital, the adequacy of the Company’s current cash and working capital to fund present and planned operations, and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.