Validation of Commercial Benefits of Proprietary Technology
Signals Commencement of Commercial Growth
Vancouver, British Columbia -- November 17, 2017 -- InvestorsHub
NewsWire -- Micron Waste Technologies Inc. (the "Company")
(CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a
leading developer of proprietary digester solutions for the
treatment of food and other organic waste, is pleased to announce
that it has signed a Memorandum of Understanding ("MoU") with
T&T Supermarkets Inc. ("T&T"), whereby both parties will
work together to explore additional installations of the Micron
Organic Waste Digester at T&T Supermarkets. T&T
Supermarkets is the largest chain of specialist Asian supermarkets
in Canada, and is rapidly expanding.
In 2016, Micron commenced with a demonstration project with
T&T, in which Micron successfully operated an on-site digester
system to treat the organic waste generated by the supermarket.
Previously, the supermarket relied on daily disposal to landfill, a
very costly solution, in part due to the high frequency of service
required and associated landfill costs.
The project was successfully completed, proving the ease of use,
efficiency and cost saving potential in a real-life setting of
Micron's solution. The Company`s technology enables the complete
digestion of organic waste. The remaining effluent is clean and
meets all standards for subsequent discharge into the municipal
sewage system, resulting in significant cost savings.
Micron and T&T have now signed an MoU, pursuant to which
both parties will work together review additional locations for
installing and operating the commercial version of the Micron
Organic Waste Digester in British Columbia. Commercial terms for
the Micron Organic Waste Digester will include a monthly lease,
charge for quantity of waste handled and servicing fees. The
Companies anticipate completing additional store installation
agreements in the coming months.
"This is an extremely exciting moment in our development," said
Rav Mlait, CEO of Micron. "This MOU represents very significant
growth potential for Micron. Furthermore, having validated the
operational benefits of our technology, we are now in a very strong
position to accelerate discussions with multiple supermarket
chains. Beyond that, we intend to expand into other sectors looking
to improve the operational and cost efficiencies of their organic
matter disposal, such as the cannabis and quick-serve food
markets."
Herman Poon, Senior Administration Manager at T&T in
Richmond, BC added, "When we saw the potential of the configurable
effluent processor we agreed to have the first demonstration unit
of the Micron Waste Digester Operating at our Richmond
headquarters. The system went online in December 2016 and we are
very pleased with its ability to turn our organic waste on-site
into an environmentally friendly liquid form. This certainly gives
us a strong case for rolling out additional units in the
future."
Current commercial food waste digesters have a waste digestion
efficiency of 60 65% which means that 35 40% food waste remains
undigested and is discharged into grey-water, requiring further
treatment. Micron has developed a patent-pending technology to
manage food waste on-site, converting it into clean water. The
Company`s food digester has micro-oxygen cubicles ("MOC")
technology to enhance aerobic digestion up to 95%. The remaining 5%
of undigested food particles are further treated by Micron`s
patented technology, resulting in clean water.
Operational Infrastructure Expansion
Additionally, Micron announces that the Company has entered into
a lease agreement for a facility located in the Tilbury area of
Delta, BC for manufacturing, warehousing and distribution for its
Micron Organic Waste Digester system.
About Micron Waste Technologies Inc.
Micron Waste Technologies Inc is a well funded technology
company. The Company's food and other organic waste system is
designed to manage food and other organic waste on-site, converting
it into clean water. The Company's aerobic digester has MOC
technology to enhance the digestion efficiency of microorganisms by
up to 95%, with the remaining 5% of undigested particles undergoing
further treatment, resulting in clean water effluent that meets
municipal effluent discharge standards. Micron's technology is an
ideal solution to handle food and other organic waste on-site in
view of the drive for further cost efficiencies, as well as ever
stricter legislation being implemented to prohibit food and other
organic waste from entering landfill sites around the world. Please
visit our website at www.micronwaste.com for further
information. Micron is a public company with listings on the
CSE: MWM, OTC: MICWF, and in Frankfurt:
7FM2.
About T&T Supermarkets
T&T Supermarkets is the largest Asian supermarket chain in
Canada, operating stores in British Columbia, Alberta, and Ontario.
T&T Supermarkets was founded in Vancouver in 1993 and is
headquartered in Richmond, BC, with offices in Toronto. T&T is
part of Loblaw Companies Ltd, which purchased T&T in
July 2009.
On Behalf of The Board
Rav Mlait
Chief Executive Officer and Director
For further information contact:
Investor Relations
MICRON WASTE TECHNOLOGIES INC.
Suite 915 700 West Pender Street
Vancouver, BC, Canada
V6C 1G8
The Exchange does not accept responsibility for the adequacy or
accuracy of this release
FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise, except as may be required
by law. By its very nature, such forward-looking information
requires the Company to make assumptions that may not materialize
or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and
achievements to differ materially from those expressed or implied
by such information.
Micron Waste Technologies (CSE:MWM)
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Micron Waste Technologies (CSE:MWM)
過去 株価チャート
から 1 2024 まで 1 2025
