BioteQ Secures Contract for Selenium Removal Piloting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2013) - BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in industrial waste water treatment, has secured a contract from Teck Resources Limited (Teck) to conduct pilot scale testing of its innovative new Selen-IX™ technology for selenium removal. Under the terms of the agreement, BioteQ will construct and deploy a pilot scale plant for on-site field testing. BioteQ will retain ownership of the pilot plant and all associated intellectual property.
The total value of the contract will vary depending on the time required for adequate field testing but is anticipated to be approximately $900,000 CDN. Work under the contract is expected to be completed by late 2013. This contract follows successful laboratory testing that BioteQ conducted during 2012 and early 2013.
"BioteQ is very pleased to be moving its Selen-IX™ technology from lab scale to the pilot plant stage," stated Jonathan Wilkinson, BioteQ's CEO. "The continuing development and deployment of this novel technology leverages BioteQ's existing technology platforms and capabilities. Selenium removal represents an expansion to our existing product portfolio and opens up new, significant market opportunities for the Company."
Selenium is essential to all life, but can affect aquatic life at higher concentrations. Selenium management is an important environmental issue that has been identified by regulators and mining organizations in North America.
BioteQ Corporate Profile
BioteQ is an innovative clean technology leader in global industrial water treatment, serving the mining and energy markets. The company has technology expertise and proven operational capabilities in sulphide precipitation, ion exchange, alkali/lime precipitation, leaching, sulphate removal and SART technology. Over the past decade, BioteQ has designed and commissioned waste water treatment plants at mine sites for leading organizations including Xstrata, Freeport McMoran, Jiangxi Copper and the US EPA. These plants recover dissolved metals and/or remove substances such as sulphate and selenium, producing clean water and minimizing or eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bioteq.ca for additional information.
