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MICRON WASTE TECHNOLOGIES
INC.
Company Engages BC Research -
First Digester to Be Installed at Aurora Cannabis Facility in Q2 of
Calendar 2018
Vancouver, British Columbia -- February 27,
2018 -- InvestorsHub NewsWire -- Micron Waste Technologies
Inc. (“Micron” or the “Company”)
(CSE: MWM, OTC: MICWF, Frankfurt: 7FM2) today announced
that the Company has engaged the services of renowned engineering
consultancy, BC Research Inc. to accelerate the commercialization
process of its waste digester technology for the cannabis
industry.
Micron has developed a new technology, based on aerobic
digestion and subsequent treatment, that converts organic waste
into clean water that meets municipal effluent discharge standards.
The effluent from currently available digester-based treatment
systems of organic waste does not meet municipal discharge
standards and requires costly further treatment. Many organizations
that generate organic waste currently use municipal landfill sites
for their organic waste, which is costly and has a negative impact
on the environment. The merits of Micron’s technology have been
successfully demonstrated with a grocery supermarket chain located
in British Columbia, Canada, and Micron has entered into a
Memorandum of Understanding with the group to plan for additional
installation of Micron’s organic waste digester units at other
locations in BC.
Per the Company’s press releases of January 15, 2018 and
December 19, 2017, Micron has completed a strategic partnership
with Aurora Cannabis for the optimization of the Company’s
technology for the cannabis industry. The companies are currently
progressing well with the preliminary research towards the
installation of the first unit at one of Aurora’s cultivation
facilities, anticipated for the second calendar quarter of
2018.
Micron has now engaged the services of renowned engineering
consultancy BC Research, which has a strong track record in helping
commercialize new technologies. BC Research, which predominantly
works with large enterprises on process research, custom
engineering, pilot plant services, also provides access to a
vertically integrated technology development and commercialization
ecosystem.
The work with BC Research, which is conducted in parallel with
the Aurora Project, serves to deliver a unit that functions in a
broad temperature range, making it suitable for deployment on a
global scale in wide range of climates. Furthermore, leveraging BC
Research`s deep expertise in commercializing technologies, the
project aims to develop a digester unit suitable for mass
production.
The new unit, which will form the blue print for subsequent
commercial units, will be installed at one of Aurora Cannabis’s
cultivation facilities for validation in this particular industry.
Micron therefore anticipates accelerating time to market for its
technology, enabling the Company to commence penetration of the
cannabis sector. The optimization for temperature range will
significantly increase the marketability of the technology to a
range of other industries.
“We are extremely pleased to be working with BC Research and
Aurora Cannabis to develop a market-ready Micron Cannabis Waste
Digester,” said Rav Mlait, CEO. “The enhanced features requested by
our clients are anticipated to accelerate commercial adoption and
make Micron’s technology more attractive to cannabis producers
seeking a less costly, more convenient, and “greener” means of
handling organic waste. We anticipate that the results from our
efforts with Aurora Cannabis will not only accelerate our entry
into this sector, but allow us to leverage the results to develop
access to large new markets.”
“We are excited to be part of this project. The potential
applicability of Micron’s technology to a wide range of industrial
challenges makes it an attractive reason for our organization to be
engaged. Tackling some of the cannabis cultivation industry’s needs
is an example of where the technology may fit well, and it provides
another opportunity to demonstrate the technology in a very
different industrial application.”, stated Sergio Berretta, vice
president and COO at BC Research. “We look forward to bringing our
expertise in commercializing new technologies to the Aurora-Micron
project, and are excited about the broader potential of the Micron
Waste Digester.”
About BC Research Inc
BC Research Inc. (BCRI), as part of the NORAM family of
companies, has 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. Their six specialized business groups, with a staff of
over 200 professionals, have completed capital projects on five
continents. They 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, BCRI works with early-stage technology companies.
They provide engineering design and fabrication support, sharing
their experience in technology commercialization, and growing with
companies as a strategic stakeholder.
About Aurora
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises
Inc., is a licensed producer of medical cannabis pursuant to Health
Canada's Access to Cannabis for Medical Purposes Regulations
("ACMPR"). The Company operates a 55,200 square foot,
state-of-the-art production facility in Mountain View County,
Alberta, known as "Aurora Mountain", and a second 40,000 square
foot high-technology production facility known as “Aurora Vie” in
Pointe-Claire, Quebec on Montreal’s West Island. In January 2018,
Aurora’s 800,000 square foot flagship cultivation facility, Aurora
Sky, located at the Edmonton International Airport, was licensed.
Once at full capacity, Aurora Sky is expected to produce over
100,000 kg per annum of cannabis. Aurora is also completing a
fourth facility in Lachute, Quebec utilizing its wholly owned
subsidiary Aurora Larssen Projects Ltd.
Aurora also owns Berlin-based Pedanios, the leading wholesale
importer, exporter, and distributor of medical cannabis in the
European Union. The Company offers further differentiation through
its acquisition of BC Northern Lights Ltd. and Urban Cultivator
Inc., industry leaders, respectively, in the production and sale of
proprietary systems for the safe, efficient and high-yield indoor
cultivation of cannabis, and in state-of-the-art indoor gardening
appliances for the cultivation of organic microgreens, vegetables
and herbs in home and professional kitchens.
Aurora holds a 19.88% ownership interest in Liquor Stores N.A.,
who intend developing a cannabis retail network in Western Canada.
In addition, the Company holds approximately 17.23% of the issued
shares in leading extraction technology company Radient
Technologies Inc., and has a strategic investment in Hempco Food
and Fiber Inc., with options to increase ownership stake to over
50%. Aurora is also the cornerstone investor in two other licensed
producers, with a 22.9% stake in Cann Group Limited, the first
Australian company licensed to conduct research on and cultivate
medical cannabis, and a 17.62% stake in Canadian producer The Green
Organic Dutchman Ltd., with options to increase to majority
ownership.
On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director
For further information contact:
Investor Relations
+1.844.318.8216
info@micronwaste.com
www.micronwaste.com
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.
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