Conporec's technology Will Be Deployed in Australia
28 11월 2007 - 12:30AM
Marketwired
SOREL-TRACY, QUEBEC (TSX VENTURE: CNP) announces today the
official project start-up for the construction of a
sorting-composting plant in Australia. After more than one year of
negotiations and the October 25 announcement that the agreement
negotiations were completed, all the conditions leading to
financial close have been met this past 23 November.
Conporec will design and equip this 100,000-tonne annual
capacity plant with the latest technologies developed by its team.
This project should last for 19 months and cost more than
CAD$60M.
Conporec's technology was selected for its efficiency and high
quality, as part of an international tender process involving the
world leaders in this field. To carry out this project, Conporec
will provide design and engineering services as well as the rights
and licenses to use its technology to BioVision 2020 Pty Ltd, a
project company set up to design, build, own and operate the new
plant for the next 20 years. The BioVision 2020 partners are
SembSITA (subsidiary of SUEZ Environnement) as well as Westscheme
Superannuation Fund. For its services and royalties, Conporec will
receive a total compensation of $3.6M instead of the sum of $4.5M
incorrectly announced on October 25, 2007.
"The work is now starting and Conporec is in a position of
building a fourth waste recovery facility among the most modern in
the world. For Conporec and its shareholders, this is a milestone
project, confirming the Company's ability to carry out its
ambitious business plan", stated Mr. Jean Beaudoin, President and
CEO, Conporec. "In the current circumstances where municipalities
are looking for solutions to their waste management, Australia is
taking the lead by applying a safe and efficient technology", he
concluded.
About Conporec
Conporec Inc. develops, owns and operates various patented
composting and sorting technologies for the treatment and recycling
of municipal solid waste. Conporec successfully delivered three
sorting-composting plants (Canada, France, United States) and also
about thirty composting locations (Canada). Conporec is a socially
responsible organization listed on the TSX Venture Exchange.
Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties or other factors
that may cause actual results, performance or achievements of the
company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
The TSX Venture Exchange has not approved the information
contained herein and accepts no responsibility for it, nor the
validity of the operation planned.
Contacts: Source: Conporec Inc. www.conporec.com Conporec Inc.
Jean Beaudoin President and CEO 450-746-9996 418-527-9996 (FAX)
HKDP Communications and Public Affairs Jonathan Gendron
514-395-0375, ext. 230
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