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
Wastewater Heat Recovery On the Rise
Wastewater Heat Recovery On the Rise
WASTE-TO-ENERGY is an idea about to hit the big-time.
What used to be a suite of technologies mostly employed by the poor in developing countries is now being eagerly revamped for distribution across North America by waste-to-energy start-ups hoping to capitalize on the fantastic quantities of waste we produce.
We produce food waste that can be used to create compost for agriculture.
We produce solid waste that can be used to create biogas to meet our energy needs.
We even produce wastewater, with a heating potential that – until recently – no one had really contemplated harnessing.
There are two reasons why not:
- It’s hard to filter the raw sewage well enough that it won’t plug the heating pipes.
- Raw sewage is gross.
Lynn Mueller, President of Vancouver-based International Wastewater Systems, has found a solution to the first problem. As for the second, he thinks the return on investment is going to be enough to prevent clients from holding their nose.
With approximately 350 billion kilowatt-hours of heat energy flushed down drains in the United States alone each year, he’s probably right.
Wastewater heat recovery works just like a geothermal heat pump. The heat from water washed down sinks and toilets is captured by a heat pump, which applies the heat to the clean water entering the building.
Wastewater isn’t particularly warm – only about 15.6 degrees – but it’s still much warmer than the cold, clean water that must be heated somehow. The waste heat is able to do a bunch of the heavy lifting. And since there are basically endless quantities of it, serving no other purpose, very high heating efficiencies are possible.
It’s the efficiency that makes waste-to-energy such an appealing financial prospect. By definition, waste is just a burden on the system. So anything useful that comes out of it is a bonus. Mueller claims that his system operates “at 500 per cent efficiency,” which is quite good by any standard.
“Waste recovery seems like such a novel idea,” says Mueller, “but [the waste] is available everywhere.”
Solid waste energy recovery is also making waves across Canada and the USA. More than 80 municipal waste-to-energy facilities are in operation across North America, with more coming online all the time. A typical facility can power over 30,000 homes, which is an appealing economic benefit to go along with the ninety per cent reduction in waste processing. Edmonton’s plant is currently producing 38 million litres of methanol annually.
Like any idea on the rise, waste-to-energy is creating winners and losers. In danger of slipping into the latter category is Plasco Energy, who, at the time of this writing, were expected to miss the final deadline to secure financing for a full-scale waste-to-energy plant in Ottawa.
Although small-scale waste conversion systems do exist, most of our established technologies work best with economies of scale. Thus, municipalities have found themselves taking the lead on implementing waste-to-energy systems.
In Vancouver, Mueller has been working closely with the municipal government to install his wastewater heating systems in everything from apartment buildings to hospitals and prisons. Although cities are typically a little territorial about their infrastructure, the appeal of heat and energy from nothing may be softening that stance around the country: “Their motivation is to make a greener city. Vancouver is now at the forefront of recycled heat.”
With luck, others will soon follow suit.
- Published in Energy, Green Technology, International Wastewater Systems, News Home
IWS Announces Strategic Alliance with Scottish Water Horizons
IWS Announces Strategic Alliance with Scottish Water Horizons
– Momentum Public Relations –
Press Release: October 14, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce that its wholly owned subsidiary SHARC Energy Systems (UK) Ltd. (“SHARC Energy”) will form a strategic alliance with Scottish Water Horizons Ltd. (“Scottish Water Horizons”), the commercial subsidiary of Scottish Water, a public water utility owned 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by the Scottish Government.
Scottish Water serves approximately 5 million residential customers and 150,000 business customers in Scotland, and is the sole provider of water and waste water services to an area of over 30,000 square miles, a third of the area of Britain. Scotland has a coastline of over 6,800 miles, with a small and relatively dispersed population which requires a large number of small water and waste water treatment plants. Every day Scottish Water supplies 1.34 billion litres of drinking water and takes away 847 million litres of waste water from customers and treats it before returning it to the environment.
Scottish Water Horizons is mandated to drive Scottish Water’s green agenda, developing renewable energy projects and leveraging commercial value from Scottish Water’s assets to contribute to a greener and better connected Scotland.
Scottish Water Horizons and SHARC Energy are joining forces to help businesses and public organizations reduce heating costs and carbon emissions. The companies have confirmed their intention to establish a strategic alliance to expand and accelerate the deployment of Sewage Heat Recovery systems around Scotland (“Strategic Alliance”).
The Strategic Alliance follows the launch of the UK’s first Sewage Heat Recovery system, developed by SHARC Energy at Borders College in Galashiels, Scotland (approximately 5,500 students) which aims to displace 1.8 GWhs (Giga Watt hours) of natural gas and save 150 tonnes of carbon emissions per year.
The innovative SHARC thermal heat recovery system developed by International Wastewater Systems has been deployed in numerous international locations, intercepts wastewater from sewers and uses heat pump technology to amplify the natural warmth of waste water. This generates an energy-saving, cost-effective and environmentally-friendly system for heating, cooling and hot water production in commercial, residential and industrial buildings.
The Strategic Alliance will support the Scottish Government’s ambitious renewable heat and carbon reduction targets for 2020. It is the result of 2 years of informal collaboration between SHARC Energy and Scottish Water Horizons, which has created a £20 million (CAN$32.4 million) pipeline of potential installations across Scotland that when deployed would generate 170 GWHs per year of heating and cooling to displace the fossil fuel currently used.
Scottish Water Horizons has estimated that up to 750 such systems would need to be installed by 2020 to enable Scotland to achieve its carbon savings targets.
Commenting on the announcement, Andrew Macdonald, Head of Scottish Water Horizons, said:
“The potential to deploy this technology is significant. Heat accounts for over half of Scotland’s total energy use and we believe that by harnessing the natural resources of our vast waste water network, we can further the development of Scotland’s low carbon economy, whilst protecting and enhancing the environment.”
“Scottish Water treats over 900 million litres of waste water every year and we are determined to maximise the opportunities presented. Our alliance with SHARC Energy is an exciting opportunity which will help to accelerate the deployment of this proven technology on a wider scale, providing customers with an innovative and sustainable lower cost heating solution.”
Commenting on the announcement, Russ Burton (COO) International Wastewater Systems, said:
“This announcement is a very exciting step for SHARC Energy and IWS and represents the culmination of two and a half years working with Scottish Water Horizons to identify opportunities for the SHARC technology. Having the support from Scottish Water Horizons will give customers the confidence in the SHARC technology, positioning it as a sustainable and viable wastewater heat recovery solution.”
Lynn Mueller (CEO) International Wastewater Systems commented:
“IWS’s strategic alliance with Scottish water is a significant milestone for our Company and demonstrates how far we have come in a very short space of time. We are delighted to be partnering with one of the world’s leading water utility operations. This achievement truly is indicative of the scale of the opportunity we have uncovered.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About Scottish Water Horizons Ltd.
Scottish Water Horizons Ltd is a commercial subsidiary wholly owned by Scottish Water. The company plays a key role in supporting the development of Scotland’s sustainable and circular economy by making the most of the public utility’s vast array of assets.
From generating renewable energy from waste, wind and solar power to recycling food and aggregates waste, Scottish Water Horizons is improving connections, communications and enabling sustainable development.
The company’s growth strategy is to support Scotland as a developing Hydro Nation and take opportunities to harness Scottish Water’s asset base through both its own development and working in partnership with other organisations including the public and private sectors.
www.scottishwater.co.uk/horizons
About Scottish Water
Scottish Water provides clear fresh drinking water to 2.46 million households and 150,000 business premises across Scotland. Every day, Scottish Water also takes away 921 million litres of waste water, which is treated before being safely returned to the environment. In recent years, Scottish Water has been working to build an increasingly sustainable business.
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (and its wholly owned subsidiary SHARC Energy Systems (UK) Ltd.) 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), the United States (OTC: INTWF) and Germany (Frankfurt: IWI).
http://www.sewageheatrecovery.com/
- Published in Green Technology, International Wastewater Systems, News Home
IWS Provides Update to Shareholders
International Wastewater Systems (IWS:CSE)(IWI:FSE) Provides Update to Shareholders
– Momentum Public Relations – April 19th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE: IWS) (FRANKFURT: IWI) is pleased to provide shareholders with an update on the Company’s business development activity and the expanding pipeline of international opportunities.
The pipeline of projects continues to grow in the UK, Canada and the USA, and with the recent announcement that a SHARC wastewater heat recovery system (“SHARC”) is to be installed at a facility operated by the Australian Wool Testing Authority (“AWTA”) in Melbourne, IWS now has a strategic presence on three continents.
IWS has been working closely with some of the world’s major water utility companies in North America & Europe, many of whom have expressed interest in supporting the deployment of IWS technology across their waste water infrastructure and to contribute to the international carbon reduction programme enshrined at the 2015 United Nations Convention on Climate Change in Paris (COP21).
Commenting on the technology, Alex Mortlock, Strategic Planning Manager-Wastewater Infrastructure for Severn Trent (LON: SVT) (a FTSE 100 Company with wastewater operations in the UK and internationally) said: “having been introduced to SHARC technology during the second half of 2015, we are keen to explore the opportunity that IWS could create for us through their SHARC and PIRANHA technologies. We are currently reviewing the suitability of SHARC for use on one of our own buildings and will be investigating further opportunities to utilise the sewage flow contained in our 91,000km of sewers. We look forward to further developing our working relationship with IWS over the next 6 months.”
Commenting on the business development program Russ Burton, COO of IWS said: “the interest we are developing is significant and tangible, however we can’t underestimate the scale of the challenge that exists to convert the established thinking of combustion based heating engineers. But with the support of a number of UK and EU water companies, we are stimulating significant enquiries from single building adopters as well as developers looking to include low carbon district heating solutions into their project plans.”
The first UK installation for IWS at Borders college in Galashiels, Scotland was launched in December 2015 and has enabled IWS to showcase the credentials of the SHARC technology as a solution for District Heating, by connecting 5 plantrooms via a 1 km underground heat distribution network – a retrofit to older building stock, as well as demonstrating how the system can link into town sewer facilities, significantly increasing the market opportunity to heat buildings with limited water consumption.
At the Borders launch event Alan Scott, Finance Director of Scottish Water (a national water utility providing water and sewerage service across Scotland), said:
“Every day, Scottish Water provides customers with a massive 1.34 billion litres of drinking water, before collecting and treating 847 million litres of waste water. From industrial use to tourism, renewable energy and heating systems, Scotland’s vast water resources offer tremendous opportunities for added economic benefit.
The UK’s first sewage to heat scheme in Galashiels is an excellent example of how water resources can be harnessed and maximised, furthering the development of Scotland’s low carbon economy.
Scottish Water Horizons is delighted to have played a leading role in turning this initiative into reality. With 32,000 miles of sewer pipes throughout Scotland, we’re exploring the potential for this approach to be replicated at other locations, offering further environmental and heating cost benefits.
This initiative builds on our work to use Scotland’s water resources to help generate renewable energy, through the likes of hydro power schemes, helping to reduce costs and build an increasingly sustainable Scotland.”
Lynn Mueller, CEO of IWS commented: “The Carbon Crunch remains the most pressing global challenge of our generation and our ability to form alliances with some of the world’s leading water companies is a testament to the quality of the technology we have developed. We see this as only the beginning of the implementation and growth phase for the world-leading heat recovery technology developed by IWS.”
The Company is working to capitalize on the global opportunities that are available and expand IWS branded technology by creating the strategic relationships necessary for the future success of SHARC, PIRANHA and other products currently under development. The relationships being developed require significant strategic planning and the Company will make further announcements as it progresses.
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. 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.
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
International Wastewater Systems (IWS:CSE)(IWI:FSE) Featured by CNNMoney
IWS Featured by CNN
– Momentum Public Relations – April 15th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that CEO Lynn Mueller was featured by CNN in an interview with reporter Jacqueline Wattles from CNNMoney.
The audio interview with CNN includes an in depth discussion of IWS’s wastewater heat exchange technology that provides up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s heating and hot water requirements, using an inexhaustible renewable energy source: wastewater.
The interview will be available on CNNMoney during April 2016 and IWS will provide an update once the interview is accessible on the CNN website.
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. 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.
- Published in Blog, Green Technology, International Wastewater Systems, News Home