09:19 Tue 15 Jan 2019
EQTEC PLC - Contract with Phoenix Energy
("EQTEC" or the "Company")
Contract with Phoenix Energy
The Company previously announced on
Converting the MOU into a first formal contract with
"As part of EQTEC's previously announced strategic review and Growth Optimisation Plan, our goal is to successfully execute contracts from our current pipeline of projects. This contract represents the first contract signed as part of this plan and the Company will continue to focus on executing opportunities in its project pipeline, including the contract for
"As I have previously stated, EQTEC's expanding portfolio of projects continues to present significant near-term revenue generating opportunities for the Company. Our aim is to grow EQTEC into a market leading
Yoel Alemán, CTO of
Particulars of the contract
· EQTEC will provide its biomass gasification-to-energy technology and equipment to Phoenix Energy;
· EQTEC will initially deliver the engineering design for
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· Work on the project is expected to commence immediately.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries
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+353 (0)21 2409 056 |
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+44 (0)20 3861 6625 |
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+44 (0)20 7618 9100 |
Harry Chathli / |
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Notes to Editors
About
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
About Phoenix Energy
Phoenix Energy is a
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