$ECTH ~ Ambato, Ecuador
A $6 million Garbage to Concrete (Garcrete) system for Ambato, with additional orders expected to be received for five additional Garcrete systems for other locations in Ecuador.
In addition, an interior location is being sought by the Ecuador federal government for a 72 megawatts per hour W2E CHP (Waste to Energy Combined Heat and Power) facility, quoted by Excelsior Recycle Concepts Inc. (our sales and marketing agents) on behalf of ecoTECH.
These facilities will utilize the Company's ecoPHASER thermal gasification technology and will burn municipal waste in order to reduce the country's reliance on landfills.
It is our understanding that these projects have been delayed due to a pending review in Ecuador by the government in respect of certain local circumstances which are unrelated to Excelsior or to ecoTECH. The pending government review has delayed the completion of final contracts and receipt of purchase deposits to ecoTECH.
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