VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- BioteQ Environmental Technologies Inc. (TSX: BQE), a leader in the treatment of industrial waste water, has secured a contract from an international mining customer to provide a mobile water treatment plant for a mine site in Canada. Under the terms of the contract, valued at approximately $1 million, BioteQ will design and install a mobile plant that applies BioteQ's process to remove and recover dissolved metal from mine impacted water at the mine site, meet all applicable environmental discharge limits, and eliminate the production of waste sludge. The plant will be delivered to the customer's site in the first quarter of 2012.
Jonathan Wilkinson, BioteQ's Chief Executive Officer stated, 'BioteQ has designed a mobile water treatment plant that can be rapidly deployed to customer sites to meet short-term or urgent water treatment requirements. The unit provides a cost-effective and flexible solution for our customer. This new contract is a reflection of the growing market acceptance of BioteQ's technology, and is an important commercial win for the Company.'
BioteQ Corporate Profile
BioteQ creates custom water treatment solutions to recover dissolved metals and remove sulphate from water impacted by mining, energy and industrial activities. The Company's clean technologies convert wastewater into a useful resource while delivering lower life cycle costs for water treatment. BioteQ has designed and built 14 plants at sites in Canada, the US, Mexico, Australia and China, with additional projects in development.
BioteQ's sustainable water treatment solutions have been recognized with national and international awards for innovation and sustainability. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please visit our website at www.bioteq.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes 'forward-looking statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate' and other similar words, or statements that certain events or conditions 'might' or 'will' occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled 'Risks' in the Company's Annual Report for the Year Ended December 31, 2010. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.