VANCOUVER, BC -- (Marketwire) -- 06/13/12 -- Alpha Wastewater Inc. (PINKSHEETS: AWWI), designer and owner of the patented and award winning Upflow Sludge Blanket Filtration ('USBF') wastewater treatment systems and plants, announced today it completed the agreement on construction and operation of Alpha's 30 year term BOT (build, operate, transfer) plant to be built at Chengde High Tech Industrial Park. The Agreement was signed between Alpha's Chinese partner, China Aviation-AVIC and Alpha's, Beijing Alpha and guaranteed by Alpha Wastewater Inc.
China Aviation is providing 70% financing and 50% of the equity with Alpha Beijing providing the remaining 50% equity. Engineering will be completed in Vancouver, BC, Canada, at Alpha's North American Licensee's engineering department at ECOfluid Systems Inc. offices.
Construction will begin immediately on the 50,000 ton/day USBF plant to service an approximately 150,000 population. The land has been transferred to the BOT Joint Venture, surveys are complete, and the soil report is in its final stage.
President Zhu of China Aviation's Construction and Wastewater Treatment Division pledged expanded financial support for Alpha's 'USBF' wastewater technology in the small and medium plant sector which is the largest sector of China's wastewater treatment market, estimated to exceed $25 Billion USD. (See: China Aviation-AVIC Ltd. Inc.)
Mr. Brian L. Hauff, President/Director of Alpha Wastewater Inc., attended the signing ceremony in Beijing to guarantee the 'Cooperative Operation Contract' on behalf of Alpha. Mr. Hauff expressed Alpha's gratitude and good fortune for the support from its China partner. China Aviation-AVIC is an internationally respected company with the power of a Fortune 500 ranking which will serve Alpha well in China and other regions of the world.
Chengde City is a critically important plant for Alpha as its 'USBF' wastewater technology was chosen above many local and international wastewater technologies to cool the power plant and discharge effluent (meeting the highest standards in the world) into the headwaters for Beijing and Tianjin drinking water, two of the largest cities in China.
About Alpha Wastewater Inc.
Alpha Wastewater was formed in 2009 and achieved US Public Trading status on November 9, 2010 for the sole purpose of launching Alpha's award winning and patented Upflow Sludge Blanket Filtration (USBF) wastewater technology into the world markets. The technology includes patents, trademark, plant design, over 150 installations in North America and the Caribbean, and over 20 years in designing, building and operating wastewater treatment plants in the Infrastructure sector. Alpha is focused on providing green and environmentally friendly wastewater treatment plants to both mature markets and emerging markets worldwide with a focus on recycled water. For more information on the company, visit: http://www.alphawastewater.com/.
About China Aviation:
In October 2008, China's Central Government merged the two large aerospace entities into one corporation, China Aviation - AVIC. AVIC is one of the largest SOE's managed by the Central Government. As one of the institutions with the States authorized investment it now owns some 200 subsidiary companies and over 20 publicly listed companies. It has over 400,000 employees with total assets of approximately 400 billion Yuan (USD=6.3 Yuan) and an operating revenue of 170.872 billion Yuan in 2009. In the same year the group applied for a Fortune 500 designation and ranked 330th in the Fortune Global 500 in 2010.
As a part of AVIC's planning and construction segment, China Aviation International Construction Co., Ltd. is bringing forth new ideas in business models and extending its industrial chain pushing into construction fields such as sewage treatment, waste incineration for power, affordable housing, urban central heating, primary land development, revenue buildings, and direct investments into BT's and BOT's, EPC civil projects and electromechanical instillations.
AVIC's choice for their in house wastewater treatment technology was Alpha's award winning 'USBF' technology. AVIC enjoys an International reputation for excellence and brings to the table world-class investment and financing capabilities.
This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'intends,' 'anticipates,' 'believes,' estimates,' 'predicts,' 'projects,' 'potential' or 'continue' or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. In evaluating these statements, you should specifically consider various factors. These and other factors may cause our actual results to differ materially from any forward- looking statement. We undertake no obligation to update any of the forward-looking statements after the date of this presentation to conform those statements to reflect the occurrence of unanticipated events, except as required by applicable law.
Alpha Wastewater Inc.