$MCWEF News recap, great news. MCW Energy & APATEQ
Post# of 144503
Posted On: 11/02/2016 9:32:19 AM
$MCWEF News recap, great news. MCW Energy & APATEQ Finalize Terms of Strategic Collaboration in $61 Billion Global Soil Remediation Market
http://finance.yahoo.com/news/mcw-energy-apat...00847.html
TORONTO, ONTARIO--(Marketwired - Nov 1, 2016) - MCW Energy Group Limited (MCW.V)(OTCQX:MCWEF) ("MCW"
, a Canadian holding company involved in the development and implementation of environmentally friendly oil sands technologies, today announced terms of its discussions with APATEQ, a specialist in innovative water and wastewater treatment, to collaborate and combine portfolios in order to increase competitive advantage in the global soil remediation market. According to BCC Reports the global soil remediation market is estimated to grow from $61B in 2014 to $80B in 2019.
Following detailed discussions between MCW and APATEQ (see joint press release dated April 25, 2016), the agreement defines a collaboration on sales and implementation of soil remediation technology services. The effort will combine MCW's proprietary closed loop extraction technology with APATEQ's modular and mobile treatment plant capabilities.
Central features of the collaboration include:
1. MCW grants APATEQ and affiliates a non-exclusive license for use, sale, fabricating, installing its extraction technology.
2. APATEQ commits to launch certain soil remediation projects within 12 months of the signing of the Term Sheet and to begin fabrication within 24 months of signing this Agreement.
3. The license is granted to APATEQ for use of MCW's extraction of hydrocarbon for mobile plants for a duration of 15 years, with an option to extend in tranches of one or five years. This does not include any of MCW's activities in oil sands.
4. Royalties to MCW will range from 5% to 7% depending on factors involving technology usage of its various intellectual properties royalties paid for soil remediation calculations based on gross profits.
5. Customers of APATEQ will be directed to MCW for large stationary soil remediation plants as will clients of MCW be sent to APATEQ for smaller, mobile plants.
6. All mobile development costs for mobile plants will be borne by APATEQ.
7. MCW will provide all technical information required for APATEQ to develop the mobile plants.
"This is an opportunity for MCW to leverage its patented, low cost, closed loop hydrocarbon separation technology and gain exposure to the $60+ billion soil remediation market with all development costs underwritten by its partner," comments Aleksandr Blyumkin, MCW chairman. "APATEQ is well-established as a one-stop solution provider for frac flowback and produced water treatment, for industrial waste water treatment and has recognized the importance of MCW's technology to develop advanced, mobile remediation systems."
APATEQ CEO Bogdan Serban comments, "MCW's extraction technology and APATEQ's know- how for packaged treatment solutions complement each other. And both companies focus on environmentally friendly solutions for the treatment of waste or wastewater. By implementing MCW's extraction technology for soil remediation, we will broaden our product portfolio and have a considerable lead in this market."
http://finance.yahoo.com/news/mcw-energy-apat...00847.html
TORONTO, ONTARIO--(Marketwired - Nov 1, 2016) - MCW Energy Group Limited (MCW.V)(OTCQX:MCWEF) ("MCW"
, a Canadian holding company involved in the development and implementation of environmentally friendly oil sands technologies, today announced terms of its discussions with APATEQ, a specialist in innovative water and wastewater treatment, to collaborate and combine portfolios in order to increase competitive advantage in the global soil remediation market. According to BCC Reports the global soil remediation market is estimated to grow from $61B in 2014 to $80B in 2019. Following detailed discussions between MCW and APATEQ (see joint press release dated April 25, 2016), the agreement defines a collaboration on sales and implementation of soil remediation technology services. The effort will combine MCW's proprietary closed loop extraction technology with APATEQ's modular and mobile treatment plant capabilities.
Central features of the collaboration include:
1. MCW grants APATEQ and affiliates a non-exclusive license for use, sale, fabricating, installing its extraction technology.
2. APATEQ commits to launch certain soil remediation projects within 12 months of the signing of the Term Sheet and to begin fabrication within 24 months of signing this Agreement.
3. The license is granted to APATEQ for use of MCW's extraction of hydrocarbon for mobile plants for a duration of 15 years, with an option to extend in tranches of one or five years. This does not include any of MCW's activities in oil sands.
4. Royalties to MCW will range from 5% to 7% depending on factors involving technology usage of its various intellectual properties royalties paid for soil remediation calculations based on gross profits.
5. Customers of APATEQ will be directed to MCW for large stationary soil remediation plants as will clients of MCW be sent to APATEQ for smaller, mobile plants.
6. All mobile development costs for mobile plants will be borne by APATEQ.
7. MCW will provide all technical information required for APATEQ to develop the mobile plants.
"This is an opportunity for MCW to leverage its patented, low cost, closed loop hydrocarbon separation technology and gain exposure to the $60+ billion soil remediation market with all development costs underwritten by its partner," comments Aleksandr Blyumkin, MCW chairman. "APATEQ is well-established as a one-stop solution provider for frac flowback and produced water treatment, for industrial waste water treatment and has recognized the importance of MCW's technology to develop advanced, mobile remediation systems."
APATEQ CEO Bogdan Serban comments, "MCW's extraction technology and APATEQ's know- how for packaged treatment solutions complement each other. And both companies focus on environmentally friendly solutions for the treatment of waste or wastewater. By implementing MCW's extraction technology for soil remediation, we will broaden our product portfolio and have a considerable lead in this market."
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