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NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:

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Posted On: 01/31/2018 5:59:01 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Approved to Serve as Official Government Contractor in Utah

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has received approval from the State of Utah to serve as an official government contractor for the planning, design and procurement of infrastructure projects. The milestone is expected to enable Petroteq to participate in local and government infrastructure activities by providing bitumen for roadway projects. “Given the timing of President Trump’s State of the Union address, which emphasized infrastructure spending, specifically on roads and bridges, we feel this is a fortuitous timing for us to be able to participate in this anticipated growth opportunity,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “Becoming a contractor for the State of Utah is a significant milestone for our Company… and we anticipate that the project initiatives will generate significant benefits to our shareholders.”

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