Energy from Wastewater: It’s Here – And It Works!
Energy from Wastewater: It’s Here – And It Works!
– Momentum Public Relations –
International Wastewater Systems (IWS:CSE) has commercialized technology that allows previously lost energy to be recovered, lowering Co2 emissions and reducing overall energy costs. With its proprietary SHARC system, the company has pioneered a way to reuse energy by extracting heat from waste water. The efforts of IWS are being recognized around the world. In fact, International Wastewater was honored in January 2016 with the green building innovation award at the AHR Expo in Orlando, Florida.
There is a growing international consensus around the need to make systematic carbon footprint reductions. Leaders are entering into historic agreements that are paving the way for specific initiatives in both developed and developing nations. Additionally, regional governments and big cities are prioritizing use of new energy technologies to begin the process of weaning themselves away from complete reliance on traditional energy sources like fossil fuels. This is providing the impetus for major energy users like municipal buildings and owners of large private facilities, like universities to decrease their greenhouse gas emissions while elevating their overall operating efficiencies. The SHARC technology from IWS allows them to do exactly that.
In almost every residential and commercial building large quantities of heat in water is discarded every day. Typically, water enters buildings at 7-9 degrees Celsius and leaves, into the sewer system, at 20-25 degrees Celsius. The energy from this water is wasted as it travels in sewers to treatment plants.
The SHARC system captures the wastewater at its point of exit and removes solids. It then extracts the heat from the waste water in a closed system allowing the energy to be recycled. When captured, this energy is transferred to clean water with no risk of cross-contamination and the clean water is reused to heat or cool the building.
For more information on International Wastewater Systems , please click on the link to view the short video presentation:
Capturing wasted heat is more cost efficient than installing new methods of energy generation. Also, the SHARC technology is designed to work in new facilities or may be retrofitted in existing buildings. This means that virtually anyone could make use of the technology. Sewage may not appear to be as inherently attractive as solar or wind power. Nonetheless, the SHARC system represents an accessible, cost-effective renewable energy system that is fully commercialized.
International Wastewater Systems SHARC technology has proven useful in buildings and installations that are as small as 100,000 square feet and as large as several million square feet. Virtually any building is a potential user of this product. Depending on the scope of the installation, the payback from recycling wasted energy averages 3-5 years making it more attractive than new installations of solar or wind energy. The technology is designed to be trouble free with full backup capacity providing for no downtime.
Not surprisingly, the SHARC solution is being installed in places as diverse as Camden County, New Jersey, Seven35 Condominium complex in Vancouver, Canada and Borders College in the southeast of Scotland. It can be tailored to almost any size facility and functions in either heat exchange or heat pump applications. It even measures its own ROI. A typical installation includes a DDC or BACnet interface and a wireless or Ethernet connection for data retrieval and instantaneous calculation of COP and GHG savings.
Conferences like the COP21 summit in Paris are paving the way for a different approach to how the world manages energy at both the macro and the micro level. Increasingly, there is a need for simple, cost-effective and easy to implement technologies that will radically change the trajectory of the climate change reality while stimulating the economy.
The future of our planet may depend upon the extent to which countries and significant stakeholders collaborate in the effort to reduce Co2 emissions. Investors are paying attention. Responding to a clearly articulated global need will generate attractive investment opportunities. Ultimately, International Wastewater Systems provides savvy investors with an opportunity for a significant return in a market space that is going to be an important part of the emerging economy.
- Published in Blog, Green Technology, International Wastewater Systems, Technology
International Wastewater Systems Featured by Export Development Canada
IWS Featured by Export Development Canada
– Momentum Public Relations – Jan. 22, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (IWS:CSE)(FRANKFURT:IWI) is pleased to announce that the Company was recently featured by Export Development Canada (www.edc.ca).
Exportwise is Export Development Canada’s online magazine for Canadian exporters and investors, covering global trade, export and investment issues. International Wastewater Systems is highlighted in a feature article available at: http://exportwise.ca/turning-sewage-into-heat-and-potable-water-b-c-company/
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery technology. IWS designs and develops renewable energy systems that extract thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. Visit us at www.iwhes.com or follow us on Twitter @sewageSHARC
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
The Canadian Wastewater Alchemist: Turning Sewage into Gold
The Canadian Wastewater Alchemist: Turning Sewage into a Golden Opportunity
Momentum Public Relations
Approximately two-thirds of the greenhouse emissions being generated annually stem from consumption and energy production. As such, the goal is to accelerate the development of eco-friendly technologies that will decarbonize energy consumption and production in order to fight climate change. Here’s another staggering statistic: Experts estimate that Americans flush down about 350 billion kilo-watt hours worth of energy into the sewer systems every year. Moreover, all of that energy, if harmonized, would be sufficient to provide power for over 30 million American homes annually. Who would have thought that all the seemingly worthless and dirty laundry and dishwater, not to mention shower drain water, could be the quintessential catalyst required to galvanize the world’s energy recovery and efficiency initiatives?
In addition, Canadian Prime Minister Justin Trudeau recently announced that the Southern Ontario Water Consortium would receive 12 million dollars in order to research and develop new innovative water based technologies that will help provide clean water for Canadians and the world at large. Prime Minster Trudeau also recently attended the World Economic Forum Annual Meeting, which was held in Davos-Klosters, Switerland from January 20th to the 23rd, and gave a passionate and ingenuous speech on Canada’s role in developing new technologies that can help impact the lives of the disenfranchised. You can watch the full speech, as well as his one-on-one interview with Dr. Fareed Zakaria here.
As can be seen, the need for clean, renewable energy and water are at an all time high. With over 7 billion people on the planet that need convenient access to clean water for drinking, hygiene, and for heating purposes, the demand for a renewable, clean source of water has never been higher. Fortunately, one company has answered that need with gumption. The innovative minds that founded International Wastewater Systems (IWS: CSE) (IWI: FSE) specialize in turning sewage into a clean, renewable energy source for the masses. What’s more, the company was founded by a group of engineering and technical connoisseurs with over a century of combined experience in the geo-exchange, ventilation, and heating industries.
Specializing in wastewater heat recovery, International Wastewater Systems is strongly committed towards manufacturing premium grade products that are eco-friendly and will reduce the costs incurred by cooling and heating homes around the world. For instance, their proprietary and cutting edge “Sewage SHARC” has the ability to cool and heat commercial buildings and multiplex apartment units, as well as generate domestic hot water. The eco-friendly enterprise also extends its services towards large scale geothermal installations, energy districts, and hotel installations. Regardless of the services that they provide, the medium that they use remains a constant; raw sewage. By using a previously untapped renewable resource that is in nearly infinite supply, International Wastewater Systems can provide thermo-mechanical services that are reliable, scalable, cost effective, and energy efficient.
Furthermore, International Wastewater Systems won the Green Building Award at the 2016 AHR Expo Innovation Awards for their leading edge Piranha Wastewater Heat Recovery Heat Pump. The state of the art self-contained heat pump works by extracting thermal energy from wastewater in order to produce domestic hot water that can be used for a myriad of commercial applications. The Piranha can also be used for stand-alone commercial projects and is optimized to work with fifty to two hundred unit residential complexes. Those interested in learning more about their cutting edge wastewater systems can pay a visit to their booth (#2997) at the largest HVAC marketplace in the world, which is taking place in Orlando, Florida from January 25h to January 27th in 2016.
As the world looks to unbridled pioneers to catapult humanity into the stratosphere of global change and growth, International Wastewater Systems looks to be the leader in wastewater management, sustainability, and adaptability. Having made appearances in National Geographic, BBC News, The Global Mail, North American Clean Energy, HPAC Engineering, Water Canada, Clean Energy Pipeline, the Journal of Commerce, and many other reputable publications, it is evident that the world has taken note of the innovative green technologies that International Wastewater Systems has brought to the forefront. To learn more about the company and their newfound technologies please visit > here.
- Published in Blog, International Wastewater Systems
IWS in the Spotlight Following Paris Climate Change Conference
IWS in the Spotlight Following Paris Climate Change Conference
– Momentum Public Relations – Dec. 18, 2015
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to provide shareholders with an update on its activities.
Following the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) this month, the buildings sector’s central role in mitigating climate change is increasingly in focus. For the first time in the history of climate negotiations, a Buildings Day was held on December 3rd at the COP21 (see details at: http://web.unep.org/climatechange/buildingsday).
Buildings are responsible for more than 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of global greenhouse gas emissions. If current trends continue, CO2 emissions caused by the sector are expected to increase by 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by 2050 and energy consumption will double (UNEP). Following the commitments to carbon reduction made at COP21, public and private stakeholders are targeting the complete decarbonisation of the sector, with an immediate focus on existing technologies that offer environmental and economic efficiencies.
The historic commitments made at the COP21 in Paris are aimed at limiting the global temperature increase since the Industrial Revolution to 2 degrees Celsius – the point beyond which scientists believe catastrophic climate change will occur. The International Energy Agency (IEA) estimates that it will require $16.5 trillion of spending on renewables and energy through to 2030 to achieve this goal.
Unique opportunities for new services and products stemming from the renewable energy and energy efficiency streams in the buildings sector are further being supported by global shifts in policy. The European Union has committed to eliminate the negative climate impact of buildings, targeting GHG reduction opportunities of up to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by 2050. Cities are also independently targeting the decarbonisation of buildings. Vancouver has committed to derive 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of their energy from renewable sources before 2050 by focusing on buildings and transportation (see details at: http://vancouver.ca/files/cov/renewable-city-strategy-booklet-2015.pdf)
In the context of the Climate Change Conference in Paris, IWS has seen increased inquiries from stakeholders ranging from federal governments, real estate owners & developers, and utilities. In all cases IWS is identified as a proven technology offering building owners an immediate action in the pursuit of carbon neutral buildings. Awareness of IWS systems is also growing due to recent awards and high profile installations; in the United States the Company received a Green Building Innovation award (http://www.ahrexpo.com/forvisitors/innovation_winners.php) and in Europe an IWS project was inaugurated by Scotland’s Minister of Energy http://www.bbc.com/news/uk-scotland-south-scotland-35039456).
IWS is actively working with the public and private sectors to facilitate the integration of the Company’s renewable energy systems in buildings worldwide. IWS systems can provide up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s heating and hot water requirements, using an inexhaustible renewable energy source: wastewater. The dramatic reduction in building energy costs provides IWS projects with faster paybacks and attractive, predictable yields. IWS systems can be purchased, leased, or financed by entering into long term Heat Supply Agreements with IWS at discounted energy rates.
With current installations at industrial, residential and commercial buildings in Canada, the U.S and Europe, and with increased demand worldwide, IWS is poised for significant growth in 2016.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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.
International Wastewater Systems Inc.
Yaron Conforti
CFO and Director
(416) 716-8181
- Published in International Wastewater Systems, News Home
International Wastewater Systems: The Next Disruptor In The Greentech Space
Heat from Wastewater: A Very Green Investment Opportunity
– Momentum Public Relations –
The recent COP21 summit in Paris featured a variety of strong messages from various world leaders related to the need for a reduction of greenhouse gas emissions. There are a variety of nuances in their statements however their overall message can be summed up by the following statement; the status quo is not an option. Every country needs to change its approach to energy and lower Co2 emissions. Canada’s Prime Minister Justin Trudeau’s speech at the summit highlighted his commitment to make Canada a global leader when it comes to reducing carbon emissions. The Liberals provided a very large figure to show its dedication to the cause and have pledged to spend an extra $5.65 billion over the next four years on green infrastructure. The Prime Minister later discussed the importance of implementing some form of carbon pricing at an event held by the World Bank where he explained carbon pricing as “a crucial tool to begin the shift we need towards sustainable economic growth.”
Watch Video: Justin Trudeau tells Paris climate summit Canada ready to do more
Technological advances can contribute to meaningful reductions in energy use and emissions. Many new technologies are complex and have questionable return on investment metrics. Wise investors must evaluate how technological advances can translate into investment opportunities. There are numerous examples of good ideas that don’t translate into good investments. However, it is reasonable to wonder when the time is right to invest in an emerging idea or business. Is there merit in waiting to assess the ultimate commercial viability of a technology before making a significant investment commitment?
Many solutions to today’s energy challenges are simple and right in front of us. Investing in emerging technologies comes with inherent risks however it can be helpful to test any potential investment by using four investment evaluation principles that evaluate the potential of an opportunity. One such opportunity is International Wastewater Systems (IWS:CSE) and their SHARC technology.
Four Investment Evaluation Principles:
1.Is it simple?
2.Is the business model viable?
3.Is the potential large enough?
4.Is it disruptive?
Is it simple?
Investment opportunities need to be understandable. A complicated story around a technology often makes the product or service harder to explain to an investor. If an investor doesn’t understand it a customer won’t either. Consequently, simplicity matters . Sometimes investment in innovation is not about spending millions in research. Often, major investment opportunities are found by discovering companies that are developing innovative ways to use existing technologies.
In almost every home and building large quantities of heat in water is discarded. Typically, water enters buildings at 7-9 degrees Celsius and leaves into the sewer system at 20-25 degrees Celsius. The IWS SHARC solution extracts heat from waste water and captures it in a closed system allowing it to be reused. When captured, this wasted heat is used to meet as much as 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s energy requirements. This allows the warmth from waste water to be captured and transferred to clean water with no risk of cross-contamination. Even though the technology is complex, the solution is simple and the benefit is easily understood.
Is the potential large enough?
Investment in a technology with a narrow base of potential customers is often risky. An emerging technology needs to have a broad potential market in order to grow quickly and produce a reasonable return. Flexible and scalable technologies present more viable commercial opportunities with better ROI.
International Wastewater Systems SHARC solution has proven effective in buildings and installations that are as small as 60,000 square feet and as large as several million square feet. Virtually any building is a potential user of this product. Depending on the scope of the installation, the payback from recycling wasted energy averages 3-5 years making it more attractive than new installations of solar or wind energy. Capturing wasted heat is more cost effective than installing new methods of energy generation. In addition, the technology works in new facilities or may be retrofitted in existing buildings. This means that the market potential is huge. Not surprisingly, the SHARC solution is being deployed in places as diverse as Camden County, New Jersey, Seven35 Condominium complex in Vancouver, Canada and Borders College in the southeast of Scotland.
Is it disruptive?
Investment opportunities in new or emerging technologies usually need to disrupt a market or change an existing paradigm in order for an investor to be motivated to take a position early in the company’s growth cycle. A disruptive technology displaces an established way of doing things. It may also shake up an existing industry or become a component in a completely new industry.
The fundamental concept of a major change to how wasted energy in waste water is captured and reused is highly disruptive.The SHARC system that has been developed by IWS is changing the way that building owners and government stakeholders view energy conservation. Yet it uses well proven technology that is designed to be trouble free with full backup capacity providing for zero down time. Furthermore its flexibility is also a disruptive force. It can be tailored to almost any size facility and functions in either heat exchange or heat pump applications. It even measures its own ROI. A typical installation includes a DDC or BACnet interface and a wireless or Ethernet connection for data retrieval and instantaneous calculation of COP and GHG savings.
Is the business model viable?
Investment opportunities need to consist of much more than a great idea or an incredibly innovative product. They require finely tuned management expertise and a sound business model coupled with a clear value proposition.
Lynn Mueller, President and CEO of International Wastewater Systems, was previously President of Water Furnace and Earth Source Energy, the world’s largest installer of heat pumps. He has assembled an experienced team of people who have significant expertise in the geothermal heat pump and renewable energy industries. IWS created the SHARC system as a response to a clear need for an easy, maintenance-free solution to address the need for energy efficiency. They did it using their expertise in geothermal heat pumps and chillers.
Watch Video: CEO Lynn gives a virtual tour and explains installation that is providing heating and cooling for the 60,000 sq/ft Gateway Theatre building in Richmond, British Columbia.
The company has continued to ramp up its order book in 2015 with significant revenue growth in its pipeline. IWS has also established marketing and distribution channels in 40 US states and in Canada. A recent IWS press release highlights the major upcoming projects: CORPORATE UPDATE
Additionally, it has been supported financially by leading institutional green energy investors. Recently, IWS’s fully owned UK based subsidiary (SHARCenergy.com) secured a £4 million investment from Equitix and the UK Green Investment Bank plc (GIB) to finance the installation of what will be the first major system in a new program that could see sewage heat recovery systems installed across the UK.
Today: (the 8th of December, 2015)
The UK’s Energy Minister, Fergus Ewing will help with the official unveiling and launch of the SHARC system that will provide 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of heat needed at the Borders College campus.
Read More: UK’S first heat from sewage scheme to be launched in Galashiels
All are welcome to attend and take one of the scheduled tours, but more notably, some of the World’s largest greentech / renewable energy funds will be attending the inauguration of UK’s first SHARC energy system.
IWS.C has only been available to investors as a publically listed company for a little over a month, which makes this early stage opportunity’s upside potential all the more rewarding. Things can move quickly, the public, through increasing media exposure, is starting to understand the direction and huge potential that IWS represents. Potential clearly highlighted in a recent interview with International Wastewater Systems UK division’s CEO, Russell Burton. Mr.Burton, “founder and chief executive of Leicester-based SHARC Energy Systems said the firm’s turnover would jump from about £3 million to about £60 million in the next three to five years.”
Full Interview with Russell Burton, CEO: Sales Bonanza for Renewables Firm SHARC Energy Systems
Conclusion:
Sewage isn’t as inherently attractive as solar or wind power but the SHARC system represents an accessible, cost-effective renewable energy system that is fully commercialized.
The consensus that is emerging at conferences like the COP21 summit in Paris supports the need for simple, cost effective and easy to implement technologies that will radically change the trajectory of the climate change reality. The future of our planet may depend upon the extent to which countries and stakeholders collaborate in the effort to reduce Co2 emissions. Energy users like municipalities and building owners are increasingly being challenged to efficiently decrease their greenhouse gas emissions. Investors need to pay attention. Challenges like this generate major investment opportunities. Ultimately, a company like IWS provides investors with an opportunity for significant return in a market space that is going to be an important dimension of the emerging economy.
- Published in Blog, International Wastewater Systems
CSE New Listing – International Wastewater Systems Commences Trading on the Canadian Securities Exchange – Video News Alert on InvestmentPitch.com
Vancouver, British Columbia–(Newsfile Corp. – October 30, 2015) – Following a reverse takeover, International Wastewater Systems (CSE: IWS), formerly Amana Copper, began trading on the Canadian Securities Exchange under the symbol IWS. The company has developed and deployed a patent pending method for extracting heat from wastewater flows.
InvestmentPitch.com has produced a “video news alert“which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Wastewater”in the search box.
If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_2q2q5ylj/International-Wastewater-Systems-CSE-IWS-New-Listing
The company’s two proprietary products, the SHARC and PIRANHA wastewater heat exchange systems provide simple and direct heat exchange from untreated waste water, resulting in the most energy-saving, cost-effective and environmentally friendly solutions for heating, cooling and hot water for any building, residential or commercial.
The proprietary filtration unit is the cornerstone of the equipment, separating solids and liquids, the latter of which are sent through a heat exchange process before meeting back up with the solids and exiting back into the main sewer system. Up to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of waste water can be put through this process by simply “plugging in”to existing piping infrastructure.
The systems work together with established heat pump technology to capture and recycle heat that would have otherwise been wasted down the drain. The company’s systems can handle a wide spectrum of applications, including condominiums, hospitals, and office buildings, with the scope extending to energy districts and supplemental use on large geothermal installations. SHARC and PIRANHA systems are custom tailored to building specifications and can be installed as new or retrofit applications.
The shares are trading at $0.60, and with 80.9 million shares outstanding, the company is capitalized at $48.6 million.
For more information, please visit the company’s website www.sewageheatrecovery.com or contact Lynn Mueller, CEO, at 604-475-7710 or email lynnm@iwhes.com.
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- Published in International Wastewater Systems
IIROC Trade Resumption – AMA
Canada NewsWire
TORONTO, Oct. 15, 2015
TORONTO, Oct. 15, 2015 /CNW/ – Trading resumes in:
Company: Amana Copper Ltd.
CSE Symbol: AMA
Resumption (ET): Open
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.Copyright CNW Group 2015
- Published in International Wastewater Systems
Amana and IWS Provide Corporate Update
TORONTO, ONTARIO–(Marketwired – Oct. 15, 2015) – Amana Copper Ltd. (“Amana” or the “Company“) (CSE:AMA) is pleased to provide shareholders with a corporate update from International Wastewater Systems (“IWS”). Amana and IWS are nearing completion of a transaction whereby Amana will acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of IWS (“Transaction”).
IWS has continued to ramp sales during the third quarter of 2015 with significant growth in its pipeline of projects in new and existing markets worldwide. Robust demand for IWS’s proven wastewater heat recovery systems is further supported by recent funding commitments from leading institutional green energy investors in Europe, and a public utility project in the USA. Recent highlights from IWS include:
£4 million investment from Equitix and the UK Green Investment Bank plc (GIB)
IWS’s UK-based subsidiary (SHARC Energy Systems) has secured a £4 million (approx. CDN $8 million) investment from Equitix and the UK Green Investment Bank plc (GIB) to finance the installation of IWS’s proprietary SHARC sewage heat recovery system under Heat Purchase Agreements. The investment is being led by Energy Saving Investments (ESI), an Equitix-managed fund in which GIB is a cornerstone investor. ESI is investing £2m (approx. CDN $4 million) in the program and an additional £2m of private sector capital is committed from the Equitix Energy Efficiency Fund (EEEF).
Equitix-funded Installation at Borders College, Scotland
The £4 million (approx. CDN $8 million) commitment from Equitix and GIB has already been drawn down to support the first project under this facility. The inaugural project, a SHARC installation at Borders College, located in the south east of Scotland and with 5,500 students, also represents the first European installation for IWS. Borders College has entered into a Heat Purchase Agreement and will purchase the heat generated from IWS at a discount to natural gas prices over a 20 year period. The system that has been designed for the College will deliver 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the College’s heat requirements.
New IWS installation in the United States
IWS has received a purchase order for the installation of a SHARC wastewater heat recovery system in Camden County, New Jersey, USA. The order is expected to ship in December 2015. The SHARC will produce 1.3 M BTU/hour that will heat the building by extracting energy from inflowing sewage. This is IWS’s second installation at a wastewater treatment plant, highlighting the adoption of IWS’s technology by municipalities and governments.
New IWS installations in Canada
SHARC systems will be installed at two, newly built luxury Canadian condominium projects in late 2015 and early 2016.
Wall Centre Central Park in Vancouver, BC was designed by GBL Architects and Sterling Cooper Consultants to meet LEED ® Gold standards. The SHARC system will assist with building hot water production. Phase 1 consists of two towers, 33 and 36 stories and townhomes. www.wallcentrecentralpark.com
Empire at QE Park in Vancouver, BC is a prestigious residential community on Vancouver’s west side and has attained LEED ® Gold certification. The building consists of 160 units. IWS’s wastewater heat recovery system will be used as the first stage heating source for space and water heating in the building, with a nominal heating capacity of 300,000 BTU/hour. www.empireqe.com
Amana will continue to update shareholders on IWS business activities and completion of the Transaction between Amana and IWS.
ON BEHALF OF THE BOARD
Yaron Conforti, Chief Executive Officer and Director
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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 Amana Copper Ltd. (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.
Amana Copper Ltd.
Yaron Conforti
CEO
(416) 716-8181
- Published in International Wastewater Systems