QED Connect (QEDN.PK) releases this PR yesterday. More things to come from this company:
QED Connect Inc.'s Impending Joint Venture Partner, Sofame Technologies,
Inc., Receives U.S. Purchase Order
QED Connect Inc. (Pink Sheets:QEDN), a New York Corporation, today announced
that Sofame Technologies Inc. (TSX-V:SDW) received a purchase order for
$555,000 from a major Pharmaceuticals manufacturer in the United States. QED
and Sofame signed a letter of intent to enter into a Joint Venture in the
United States earlier this month.
The order is for a custom Percotherm(R) heat recovery system that is
designed to reduce natural gas consumption and carbon emissions. The
customer is among the first manufacturing facilities in the US to achieve a
newly developed EPA designation for pharmaceutical manufacturing as well as
an environmental leadership award from the Alliance for Workplace Excellence
in the United States.
The US market represents vast opportunities for Sofame, which designs and
manufactures heat recovery and industrial hot water heating systems that are
eco-friendly and result in operational cost savings. The capacities of
recovered energy in a Sofame system typically begin at 1 MW per hour, which
is the approximate equivalent of a 150-room hotel. Cost savings generated by
greater efficiency can provide customers a return on their investment within
2 to 3 years.
The Joint Venture will help give Sofame a significant presence in the US to
support its sales, marketing and manufacturing activities.
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation which makes acquisitions,
investments, and enters into strategic business partnerships. The Company
seeks businesses with strong potential which QED can assist in achieving
their plans and realizing their maximum potential. QED maintains the goals
of portfolio expansion and entry into various market segments. It is QED's
intention to help its partners and subsidiaries realize growth, and that
growth would, in turn, enhance QED's ability to increase shareholder value.
About Sofame Technologies Inc.
Sofame Technologies Inc. custom engineers and manufactures unique,
high-efficiency direct-contact industrial hot water systems which extract up
to 99 percent of heat from flue gases depending on the application, and
return the energy in the form of high-temperature hot water or pre-heated
make-up air. Sofame's products help hospitals, food processing plants,
universities, central heating plants, utilities and many more large energy
consumers to significantly reduce fuel costs and greenhouse gas emissions.
Using world-leading, patented green technology, Sofame serves industrial,
institutional and commercial markets through a network of dedicated
engineering representatives. For more information, visit www.sofame.com.
Safe Harbor Statement
Certain statements in this press release that are not historical facts are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements may be identified by the use
of words such as "anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of QED Connect, Inc., (the "Company") to be
materially different from those expressed or implied by such forward-looking
statements. The Company's future operating results are dependent upon many
factors, including but not limited to the Company's ability to: (i) obtain
sufficient capital or a strategic business arrangement to fund its expansion
plans; (ii) finalize the joint venture agreement with Sofame Technologies,
Inc., (iii) build the management and human resources and infrastructure
necessary to support the growth of its business; (iv) competitive factors
and developments beyond the Company's control; and (v) other risk factors.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: QED Connect, Inc.
CONTACT: QED Connect Inc.
Tom Makmann, CEO
(603) 425-8933
info@qedconnect.com
Sofame Technologies Inc.
John Gocek, COO
(514) 523-6545 x-200
john.gocek@sofame.com
