IDGlobal Corp (IDGC)

[Chipaway]

Can these be used in MJ Industry?

CARSON CITY, Nev., Dec. 13, 2016 (GLOBE NEWSWIRE) --

IDGlobal Corp. (IDGC) is pleased to announce the signing of a Non-Exclusive joint venture with Dynasonic Solutions, Inc. (Calgary, AB, Canada). The agreement consists of Dynasonic providing use of its existing, proprietary, portable oil/water/solids separator units, and there are various performance-based criteria requirements by both parties. Currently, Dynasonic is operating in Alberta, Canada, as well as in the state of Texas, USA. The agreement calls for the rollout of 6-8 units by IDGlobal Corp. over the next eighteen-months throughout North America, and we anticipate the first unit to be delivered and operational within 45 days. The revenue projections per unit is between $2.4 million US and $5.1 million US, depending on the consistency of the material handled, with IDGlobal Corp. realizing 70% and Dynasonic 30% of revenue.

CEO Ken Berscht states, “This is the initial step in working with an existing proprietary technology handling both inorganic and organic materials, thus launching part of the Company's new business strategy.”