EQTEC PLC - Loan Facility drawdown
("EQTEC" or the "Company")
Loan Facility drawdown
This drawdown will allow the Company to focus its resources on achieving contract execution and these funds will be used for working capital purposes in line with this objective.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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+353 (0)21 2409 056
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Strand Hanson - Nomad, Financial Adviser & Broker
+44 (0) 207 409 3494
IFC Advisory - Financial PR & IR
+44 (0) 203 934 6630
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Notes to Editors
EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.
EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.
The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.
This information is provided by RNS, the news service of the
Quick facts: EQTEC PLC
Market Cap: £18.78 m
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