VANCOUVER, BC -- (Marketwire) -- 06/25/12 -- Alpha Wastewater Inc. (PINKSHEETS: AWWI), the world leader in its industry, announced today NORAM Engineering Ltd. has purchased a position in Alpha Wastewater's North American Licensee, ECOfluid Systems Inc. ECOfluid Systems is the original inventor of Alpha Wastewater's patented and award winning 'USBF' Wastewater Technology.
NORAM enjoys a global reputation for innovation and excellence in the supply of proprietary engineering and equipment packages to the chemical, pulp and paper, mineral processing and electrochemical sectors on five continents. In addition to carrying out large assignments for major multinational clients and municipalities, NORAM works with early-stage technology companies. Detailed information on NORAM Engineering and Construction Ltd. can be found at www.noram-eng.com.
Alpha welcomes NORAM's Engineering and Management strength which will benefit both the North American and International expansion of Alpha's 'USBF' wastewater technology.
The Company recently announced it had completed the US$24 million 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.
The addition of NORAM Engineering and Construction to the Alpha Wastewater international team further strengthens its growth initiatives. The Company will continue to provide updates on its business partnerships and projects.
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: www.alphawastewater.com.
About NORAM Engineering and Construction, Ltd.
Since 1988, NORAM has built a global reputation for innovation and excellence in the supply of proprietary engineering and equipment packages to the chemical, pulp and paper, minerals processing and electrochemical sectors. Six specialized business groups have completed capital projects on five continents. We are recognized worldwide as a leader in the fields of nitration, sulfuric acid and electrochemistry.
In addition to carrying out large assignments for major multi-national clients and municipalities, NORAM works with early-stage technology companies providing engineering design and fabrication support, sharing experience in technology commercialization, and growing with the company as a strategic stakeholder. (www.noram-eng.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 Sue'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.