TransGlobal Assets, Helios win Biomass Waste System purchase orders (G&C, Int'l) TransGlobal,Helios Inc. Date: 2011-05-02 TransGlobal Assets, Inc.'s JV partner, Helios Inc. of India, has received Letters of Intent from Solaris PLC of Bulgaria and Chemtech SRL of Romania, for the purchase of a 1-MW portable biomass waste system priced at $6 million a piece payable in two installments; one half upon placement of the order and one half upon delivery of the completed unit. The Helios MSW-TO-ENERGY SYSTEM is an earth-friendly technology with the potential to revolutionize the way municipal landfill waste and hazardous bio materials are managed. The System was designed to be portable, low-cost, modular, non-polluting, fast to design/buil with same-day installation and operation. The Helios System can output multiple high-value salable byproducts, the most profitable of which is electricity, followed by ash for concrete, Syngas, hydrogen, methane, and more.
The LOI's to purchase the two 1-MW units are in addition to the existing LOI's with two Romanian municipalities that would have the JV partners own, set up, and operate several 1-MW to 5-MW units at current municipal landfill sites for a 15-year period and receive €45 ($65 USD est.) per MW of electricity fed to the national power grid. The size and number of units will be determined by the performance requirements of each site. The JV partners also will receive ongoing revenues from System byproducts such as ash, gases, fuel, and green certificates, tipping fees, and other sources. (Source: TransGlobal Assets, April, 29,2011) Contact: Kent A Strickler, President & Chief Executive Officer, TransGlobal Assets, (541) 994-1192,
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