Hillcrest Petroleum Ltd. Becomes Member of the 8020 community
Momentum Public Relations
Press Release: September 12, 2017
Vancouver, British Columbia (FSCwire) – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect (www.8020connect.com) is the investment industry’s newest investor community, developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling these group members to interact with one another and with the company’s corporate management team.
Through the 8020 Connect shareholder and investor platform, Hillcrest can communicate its corporate message and update advancements and financial information to all shareholders and investors in a timely and effective fashion. The 8020 Connect provides a monitored and professional environment, allowing the company to respond to questions and manage group conversations. The 8020 Connect platform and services will also provide Hillcrest with an opportunity to expand its audience to other interested investors and industry experts worldwide.
Looking for a new way to be informed? Join our Investor Group on 8020Connect
Don Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Hillcrest09122017.pdf
Source: Hillcrest Petroleum Ltd. (TSX Venture:HRH, OTCQB:HLRTF)
- Published in Energy, Hillcrest Petroleum, Mining, News Home, Oil and Gas
Hillcrest Petroleum Expects Alberta Assets To Start Production by November 2017
Momentum Public Relations
Press Release: September 12, 2017
September 12, 2017 / TheNewswire / MONTREAL, QUEBEC, Momentum PR client, Hillcrest Petroleum Ltd., is listed on the TSX Venture exchange (“TSXV”) under the symbol: HRH and in the United States on the OTCQB under the symbol: HLRTF.
Momentum PR is pleased to have produced an informative and comprehensive report on Hillcrest Petroleum Ltd., available on the Momentum PR’s website.
Hillcrest Petroleum Highlights:
- -On July 26, 2017 Hillcrest announced that the Alberta Energy Regulator had approved it to operate oil and gas assets in Alberta.-The Alberta asset consists of two wells and three additional development locations which have already been located with 3D seismic mapping.
-The Saskatchewan asset consists of 4 wells and five additional development sites that have been located with subsurface mapping. Hillcrest is considering 3D seismic mapping before drilling.
-The two projects will cost a combined C$2.2 million, most of which is refundable bonds. In return they should provide – depending on the amount of oil pumped – gross revenues over C$400,000 per month.
-In exchange, Hillcrest receives a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} working interest in each property until the amount invested is repaid. Then, Hillcrest receives a 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} working interest. Hillcrest remains the asset operator throughout.
In the last five years the price of oil has tumbled and has been subject to extreme volatility. In January 2012, a barrel of oil touched US$125.00. By July 31, 2017, it had dropped to US$52.16. As of July 31, 2017, oil’s 52-week low came to US$42.03 with a high of US$58.26. As the price of oil fell, some producing wells ceased production and waited for high oil prices to return. Among these shut-in wells are those whose owners no longer have the financial capacity to turn them back on. These are the ones that have Hillcrest’s immediate attention.
Hillcrest’s short-term strategy has been shaped by falling global oil prices. It can be summed up as the acquisition of substantial, operated, producing assets with high value growth potential in proven and prolific conventional oil and gas basins. The Alberta and Saskatchewan wells are a blueprint for Hillcrest’s immediate future. “We can replicate that model in both provinces and have started discussions with various people in both provinces, to get involved on a joint venture basis by using bond value and minimal cash to open up wells.” Don Currie, CEO
Hillcrest, which is officially headquartered in Houston, has experienced and successful management members. Executive Chairman and Director Michael Krzus was the founding CEO of NYSE-listed Emerald Oil, which started with a US$100 million market cap and grew to over US$500 million during his tenure. Krzus has extensive international experience having worked for Woodside Petroleum, Australia’s largest oil and gas company. His term at Woodside included a four-year secondment to Shell in the Netherlands, where he led oil and gas field development teams. Krzus has 32 years of experience in the oil and gas industry in Canada, the U.S., Australia and the Netherlands.
Chief Operating Officer Jason P. Oden was the Vice President Exploration of Gulfsands Petroleum ; and formerly the Principal Geologist with BHP Petroleum, as well as working for Suncor. Oden has more than 25 years of progressive technical and managerial experience in domestic and international oil and gas exploration appraisal and development projects.
Don Currie is the Chief Executive Officer and Company founder. He has 30 years of experience building and financing private and public companies. Since 1993 his primary focus has been the oil industry. Over the course of his career he has directly and indirectly raised over $125 million. Currie was a director and Vice President of Enhanced Oil Resources from 1993 to 2014. Enhanced found the second largest CO2 field in the United States.
Hillcrest trades on the TSXV as HRH and on the American OTCQB as HLRTF. As of September 5, 2017 it closed at $0.07 and has a 52-week high of $0.10 and a low of $0.035. The company has 74.59M shares outstanding and a market capitalization of $5.22 million.
The Momentum PR informative and comprehensive report on Hillcrest is available on the Momentum PR website.
If you would like more information on Hillcrest Petroleum Ltd.; listed on the TSX Venture exchange under the symbol HRH or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.”
- Published in Energy, Hillcrest Petroleum, Mining, News Home, Oil and Gas
The Tesla Gigafactory: A Clean Energy Planet
The Tesla Gigafactory: A Clean Energy Planet
Tesla Motors is currently building a gigafactory. Some of you may be confused about what that is exactly, and why Tesla may need such a huge facility. When finished, the gigafactory will be the largest building in the world in terms of footprint, with 5.5 Million square feet. This will be second only to Boeing’s Everett factory (4.3 Million square feet). The endeavour is also very expensive, with an estimated cost of US$5 Billion. In line with Elon Musk’s goal to transition the world to renewable energy, the gigafactory will be entirely self-sufficient and powered by solar panels. The entire roof of the factory will be covered with solar cells, which are expected to produce 70MW of power. To give you an idea, the largest rooftop array in the world right now produces 11.5MW (in India).
A clean planet
Elon Musk recently stated in a Ted Talk that his ultimate goal is to make the world run entirely on renewable energy. To make this happen, he aims to produce 500,000 electric vehicles per year. This cannot be done economically if the parts have to be transported halfway across the world several times before the product is finished. Thus the need for a centralized facility, where the materials come in one end, and the finished vehicle comes out the other.
The gigafactory has already started producing the most innovative and crucial element of these cars: their lithium-ion batteries. And Tesla’s new 2170 battery cell is not only more efficient, but also cheaper than most on the market. The 2170 is around 10 per cent larger than its predecessor (the 18650 cell), but can store up to double the charge. It will also drop battery production cost by 25 per cent.
The essential element
In these super-powerful batteries is a crucial element: cobalt. For example, there is approximately 22.5 kilograms of it in Tesla’s Model S. The metal is currently mostly mined in the Democratic Republic of the Congo (DRC); where labour conditions are generally problematic and child labour is frequent. Consequently, Elon Musk has stated that all cobalt used by Tesla will only come from North America. Some have pointed out that it may be difficult to find enough ethical cobalt at feasible prices. But there is cobalt in North America, and King’s Bay (TSV:KBG, FSE:KGB1) is looking for it at the Lynx Lake Property in Labrador (Canada). The company is confident in the preliminary samples from the asset: “Grab samples from gossanous areas of the eastern rock pit have yielded assays up to 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co”. For the preliminary Versatile Time Domain Electromagnetic (VTEM) results, have a look at King’s Bay’s latest news release.
About King’s Bay
King’s Bay is a Vancouver based company focused on the exploration of cobalt, and other high-tech metals in North America. The company believes in this emerging fast-growth sector, and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
Juliette Benard
Media Relations Director
- Published in Blog, Energy, King's Bay, Mining, Technology
International Wastewater Systems arranges $2-million private placement
International Wastewater Systems arranges $2-million private placement
Momentum Public Relations
Press Release: May 29, 2017
International Wastewater Systems Inc. is offering, on a non- brokered private placement basis, up to 2,000 debenture units at a price of $1,000 per debenture unit for gross proceeds of up to $2-million.
Each debenture unit will consist of one $1,000 principal amount senior unsecured convertible debenture and 2,500 share purchase warrants, each exercisable into one common share of the company at 30 cents per share for a period of three years from the date of issuance.
The debentures will bear interest at a rate of 12 per cent per annum from the closing date of the placement and will mature on the date that is 36 months from the closing date. The debentures are convertible into shares at 30 cents per share at the option of the holder at any time until the maturity date, subject to adjustment in certain events.
Pursuant to the terms of the warrants, the company may abridge the exercise period of the warrants at any time after the date that is four months after the closing date and before the expiry of the warrants, if the volume weighted average closing price on the company’s shares on the Canadian Securities Exchange (or such other stock exchange on which the shares are traded if the company’s shares are no longer traded on the Canadian Securities Exchange) is for a period of 20 consecutive trading days greater than 60 cents by providing written notice to the warrantholders within 30 days of a trigger event. The warrants will, unless exercised, expire on the 30th day after the company provides such written notice to the warrantholders.
The company may pay finders’ fees in connection with the placement. Proceeds of the placement will be used to help facilitate expenditures required for the five contracts awarded to IWS previously announced on May 10, 2017, as well as Prospect Silicon Valley, which focuses on commercialization of the company’s heat exchange technologies in the central California, and for general working capital. All securities distributed pursuant to the placement will be subject to a statutory hold period of four months and a day from the date of issuance. The placement will not be offered in the United States. Closing of the placement is subject to receipt of all necessary regulatory approvals.
About International Wastewater Systems Inc.
International Wastewater is a world leader in thermal heat recovery. Its systems recycle thermal energy from waste water, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
The Cost of Climate Change
The Cost of Climate Change
Annual costs for natural disasters in Canada pegged at almost $5 billion
Canada has just experienced extensive flooding in British Columbia, Ontario and Quebec. The complete cost of the disasters won’t be added up for some time; but you can bet that this past spring is going to be one of the most expensive on record. In Canada and throughout the world, we are being battered by increasingly numerous weather events, both extreme and not-so-extreme. The climate is changing.
Trying to get a handle on just exactly how much we are paying for climate change is difficult. The Office of the Parliamentary Budget Officer has tried. In its Estimate of the Average Annual Cost for Disaster Financial Assistance Arrangements due to Weather Events, released on February 25, 2016, it comes to $4.92 billion. This is the total annual cost from hurricanes convective storms, winter storms and flooding. But this, of course, does not take into account the lost productivity resulting from weather events.
The May 9, 2017 edition of Canadian Underwriter noted that in the United States, the bill for severe flooding in April would reach the multi-billion dollar range. Severe weather in America continued to be the largest factor in global insurance losses for 2017. While extreme weather or – as they like to say, weather events – continue to get worse, we in North America have comparatively little to worry about. Consider the plight of those low-lying Pacific Ocean nations that face the prospect of disappearing; if the ice in the Arctic and Antarctic continues to melt, and the oceans continue to rise.
It has been demonstrably and scientifically proven that climate change – the gradual warming of the earth’s surface – is to a very large degree driven by the fossil fuels used to heat our homes and drive our industry and vehicles. The very sad fact behind the spectre of increasing temperatures and increased hurricanes, is that we have the technology to prevent further damage.
One rewarding characteristic of humans is that we seldom throw in the towel, and so ideas that may have seemed farfetched or even ridiculous a generation ago, sometimes have their place in the sun. The green roofs of Toronto are a good example of this. In May 2009 Toronto City Council passed a bylaw that requires that new residential, office and industrial buildings have a green roof. While the idea of building roof-top gardens is as old as the hills (think of the hanging gardens of Babylon), doing so for ecological reasons is a relatively new concept.
The simple fact is that by going green you make money by saving money.
The Toronto bylaw applies to buildings that contain 6,000 square meters of floor space or more. The percentage of the roof to be green ranges from 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with a floor space of 6,000 square meters, to 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with over 20,000 square meters of floor space. Residential buildings shorter than six storeys or 20 meters in height are exempt. Toronto based its green roof policy on studies conducted by professors at Ryerson University, that showed potential annual cost savings of $37.1 million dollars. The largest cost-saving category was commercial building energy. The category showed a potential cost reduction of $21.56 million annually. The comfort benefit is hard to calculate, because how do you quantify mitigating the heat sink caused by our predilection for creating concrete canyons? As you might imagine, green roofs have also been cited as a partial solution for some of the flooding that has recently occurred. This is because of the green roofs’ ability to absorb rain and reduce water runoff. Oddly enough, building green roofs can also prolong their lifespan.
If we are to avoid the rapidly approaching climate Armageddon, it is vital that climate change deniers and vapid naysayers learn the real truth about green energy and efficiency. Simply put, energy efficiency is going to be one of the leading industries of the future because it makes you money by saving you money. As the Toronto study shows, green roofs save you money by reducing heating and cooling costs. Tesla, the electric car company, is now worth more than Ford. In an April 3, 2017 story CNN Money stated that Tesla was worth US$48 billion while Ford was valued at $45 billion.
Another energy-efficient way to go about saving the environment while saving money can be found in the ingenious technology of Burnaby-based International Wastewater Systems (“IWS”). IWS has developed a way to recover the heat usually lost in wastewater. Hot water from showers, baths, dishwashers and laundry goes down the drain. But IWS builds, installs and monitors closed systems that are used to heat the hot water supply in buildings. On May 10, 2017 the company announced that it had won funding and a contract to install five systems in Scotland through its wholly owned UK subsidiary SHARC Energy Systems. The contract is worth 9.8 million pounds. The five sites are the first of 750 locations targeted for conversion in Scotland.
In some ways the system is as simple as your own furnace. In the typical household furnace, natural gas or fuel oil is used to power a heat exchanger. The heat exchanger, in turn, warms the water in a radiator system, or the air in a forced air system. The genius in the IWS system was to develop a filtering system fine enough to prevent waste from clogging the heat exchanger. The system is completely sealed to ensure that there is no risk of water contamination, and continuously monitored to prevent any problems.
The return on investment (“ROI”) varies. A hospital in Boston, for example, that used electric boilers to heat its water had an IWS system installed. It cost $800,000, but the new system will save the hospital approximately $2 million per year and pay for itself within six months. IWS heat recovery systems can be installed in institutional, multi-residential, and industrial buildings. As described in a September 2016 interview with James West of the Midas Letter in the Financial Post, the payback period for residential buildings with 200 or so units is usually two to three years. If you are now telling yourselves this seems too good to be true, the real kicker is that the recovery systems have an anticipated lifespan of 40 years.
By Noel Meyer
- Published in Blog, Energy, Green Technology, International Wastewater Systems, Technology
IWS Announces Management Change
IWS Announces Management Change
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 8, 2017) – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) announces that Yaron Conforti will be leaving his role as the Company’s Chief Financial Officer and a member of its Board of Directors, to pursue new opportunities.
Mr. Conforti will remain a consultant to IWS to assist with the transition to the newly appointed CFO, Mr. David Alexander, CA, CPA. Mr. Alexander has extensive experience as a CFO and his past achievements include CFO of Arakis Energy Corporation (subsequently sold to Talisman Energy TSX:TLM), and Nortran Pharmaceuticals, Inc., (later Cardiome Pharma NASDAQ:CRME).
Lynn Mueller, Chairman and CEO of IWS commented: “Yaron Conforti provided valuable leadership as our CFO and a member of our Board of Directors since 2015. I would like to thank him for his contributions and wish him every success in the future. We welcome David Alexander, an experienced CFO who further strengthens our management team during a period of significant growth for IWS.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
CONTACT INFORMATION
-
International Wastewater Systems Inc.
Lynn Mueller
CEO
(604) 475-7710
- Published in Bio technology, Energy, Green Technology, International Wastewater Systems, News Home, Technology
IWS Announces DC Water Installation
IWS Announces DC Water Installation
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 2, 2017) – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce that it has been awarded a US$330,000 (CAN$478,000) contract to supply its innovative SHARC thermal energy exchange system to the new headquarters of the District of Columbia Water and Sewer Authority (“DC Water”) in Washington, DC.
The new $60 million headquarters (“DC Water HQ”) is being constructed on the waterfront of the Anacostia River in Southeast Washington, DC and will serve as the new public face for the agency. DC Water’s green initiatives will be showcased in a deeply innovative facility featuring a bold and distinctive design developed by SmithGroupJJR in collaboration with Skanska. The building is designed to achieve LEED Platinum certification from the U.S. Green Building Council and will also employ many advanced strategies that will surpass LEED Platinum certification.
The SHARC system will allow DC Water HQ to use its own wastewater as a source of thermal energy to condition the building. This project represents a historic HVAC first. The DC Water HQ building will be the first ever deployment of this technology used to both heat and cool a building in the USA.
With two-thirds of all the outflow from DC’s sewers flowing through the underground infrastructure on the site, the system will have a virtually uninterruptible supply of thermal energy. Utilizing this technology, the design team has calculated that the DC Water HQ will take its place as one of the lowest energy-consuming office buildings in the region.
“The idea of building a 150,000-square-foot headquarters building directly over a pumping station would normally be viewed as implausible,” said SmithGroupJJR’s Corporate Director of Engineering Don Posson. “But by doing so, DC Water will be able to leverage the station’s wastewater to provide enough power to heat and cool this large building. It’s a breakthrough solution and a perfect complement to DC Water’s objective of a greener, healthier District of Columbia.”
IWS will install the SHARC 440 model with a flow rate of 250 gallons per minute, providing the primary energy source for building heat, and the primary energy rejection source for building cooling. IWS’s SHARC technology is a major contributor to the project’s LEED® Platinum 96 credit threshold, delivering one of the lowest energy consumption rates per unit of floor area possible, while reducing greenhouse gas emissions by over 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, and water consumption by hundreds of thousands of gallons annually.
Lynn Mueller, CEO of IWS commented: “DC Water’s new state-of-the-art building is a world class design-build project. The integration of SHARC technology demonstrates the world-class caliber of IWS’s projects and partners, and represents the increased adoption of IWS systems in the United States.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
Forward-Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
CONTACT INFORMATION
-
International Wastewater Systems Inc.
Yaron Conforti
CFO and Director
(416) 716 8181
yaron.conforti@iws-sharc.com
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
Biggest U.S. Companies Setting More Renewable-Energy Targets
Biggest U.S. Companies Setting More Renewable-Energy Targets
-
Corporations bought 2.5 gigawatts of clean energy last year
-
Fortune 500 companies saving $3.7 billion with clean power
Almost half of the biggest U.S. companies have established clean-energy targets for themselves, according to a report Tuesday from sustainable investors and environmental groups including the World Wildlife Fund.
It’s not just the biggest U.S. companies — 44 percent of the smallest 100 members of the Fortune 500 have also set goals, up from 25 percent in 2014, and 48 percent of the entire list.
Many are finding that renewable energy isn’t just cleaner, it’s also often cheaper. About 190 Fortune 500 companies collectively reported about $3.7 billion in annual savings, according to Power Forward 3.0, a report by WWF, Ceres, Calvert Research & Management and CDP.
“We’re not talking about anecdotal information anymore,” Marty Spitzer, a WWF senior director of climate and renewable energy in Washington, said in an interview. “We’re talking about large, large savings.”
Potential savings and sustainability goals prompted corporations to buy almost 3.7 gigawatts of power generated by clean-energy projects in 2015, and another 2.5 gigawatts last year, almost all from wind and solar, according to Bloomberg New Energy Finance.
But it’s no longer just tech companies. About 63 percent of Fortune 100 companies have clean-energy targets, according to the report. Such targets include commitments to reduce greenhouse-gas emissions and increase energy efficiency and renewable energy.
The 190 Fortune 500 companies reported emission reductions equivalent to mothballing 45 coal-fired power plants for a year, according to the report. It also found that 23 of Fortune 500 companies have 100 percent renewable-energy targets.
By Brian Eckhouse
- Published in Bio technology, Blog, Energy, Green Technology, International Wastewater Systems, News Home, Technology
International Wastewater installs SHARC system at False Creek
International Wastewater installs SHARC system at False Creek
Momentum Public Relations
Press Release: April 12, 2017
International Wastewater Systems Inc (C:IWS)
Shares Issued 95,623,894
Last Close 4/11/2017 $0.22
Wednesday April 12 2017 – News Release
Mr. Lynn Mueller reports
IWS COMPLETES METRO VANCOUVER INSTALLATION
International Wastewater Systems Inc. has completed the installation of a SHARC thermal energy exchange system at the False Creek Neighbourhood Energy Utility in Vancouver.
The False Creek SHARC was announced in August, 2016, following the successful collaboration between International Wastewater and Metro Vancouver. Metro Vancouver is a partnership of 21 municipalities, one electoral area and one treaty first nation that collaboratively plans for and delivers regional-scale services across the Lower Mainland of British Columbia.
The False Creek Neighbourhood Energy Utility is a large-scale district heating network that began operations in 2010 and currently provides space heating and hot water for 4.3 million square feet (395,000 square metres) of residential, commercial and institutional space.
International Wastewater installed its newest and largest capacity system at False Creek, the model 880. The SHARC 880 offers the highest capacity of any SHARC system to date, with flow rates of up to 1,500 gallons per minute, a capacity increase of three times when compared with existing SHARC models. The False Creek SHARC installation will include two SHARC 880 systems working in tandem and will initially operate over 12-month period to demonstrate the economic and energy efficiencies of the system.
This is the second time that a SHARC system has been integrated into a district heating network following International Wastewater’s installation at Borders College (Scotland) in 2015. Large-scale energy networks are a growing trend as municipalities look to increase energy efficiency and reliability, decarbonize energy grids and reduce life-cycle costs.
Lynn Mueller, chief executive officer of International Wastewater, commented: “We are pleased to be working with Metro Vancouver on their district heating network. This SHARC installation showcases the capability of [International Wastewater] technology when applied to large-scale, low-carbon thermal networks.”
About International Wastewater Systems Inc.
International Wastewater Systems is a world leader in thermal heat recovery. International Wastewater’s systems recycle thermal energy from wastewater, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
© 2017 Canjex Publishing Ltd.
From Stockwatch News
- Published in Energy, Green Technology, International Wastewater Systems, Life Sciences, News Home, Technology
International Wastewater Systems closes $725,100 last financing tranche
International Wastewater Systems closes $725,100 last financing tranche
Momentum Public Relations
Press Release: April 07, 2017
International Wastewater Systems Inc., further to its news release dated Feb. 27, 2017, has closed the final tranche of the company’s brokered private placement, led by Haywood Securities Inc. as agent.
Under the final tranche of the brokered placement, the company has issued 2,417,000 units at a price of 30 cents per unit for gross proceeds of $725,100. Each unit consists of one common share and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one share until Feb. 27, 2019, at an exercise price of 40 cents per share.
The company has paid cash commissions in the amount of $31,282.50 from the sale of units under the final tranche of the brokered placement. The company has also issued to the agent and members of the selling group an aggregate of 104,275 non-transferable warrants. Each agent’s warrant entitles the holder to purchase one share at a price of 30 cents until Feb. 27, 2019.
As previously announced on Jan. 19, 2017, the company amended the terms of the company’s non-brokered private placement completed on Dec. 23, 2016, to offer each participant in the non-brokered placement one warrant for each share purchased in the non-brokered placement on the same terms as the brokered placement. Accordingly, the company has issued a total of 2,275,333 warrants to purchasers from the non-brokered placement.
In total, the company raised aggregate gross proceeds of $2,205,655 pursuant to the non-brokered placement and the brokered placement.
All securities distributed pursuant to the brokered placement and non-brokered placement are subject to a statutory hold period of four months and a day from the date of issuance.
About International Wastewater Systems Inc.
International Wastewater Systems is a world leader in thermal heat recovery. International Wastewater’s systems recycle thermal energy from waste water, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Bio technology, Energy, Green Technology, International Wastewater Systems, News Home, Technology