RIDGEFIELD PARK, NJ - (NewMediaWire) - June 18, 2024 - LIFEQUEST WORLD CORP (OTC MARKETS: LQWC) is focused on innovative,
decentralized, scalable wastewater treatment and reuse technologies. Through its
wholly owned subsidiary, Biopipe Global, the Company is concurrently pursuing both
industrial (ETP) and sewage wastewater treatment (STP) markets.
Max Khan, the CEO of Lifequest, stated that, This is our
first Biopipe STP order for a resort in Africa and will serve as a key
reference site. Biopipe STPs are currently at two resorts in the Maldives. Our
channel partner has been aggressively marketing Biopipe over the last twelve
months and expects additional orders to come through from the various proposals
that have already been submitted. We have received a 50% deposit and expect to
ship the plant in the first week of July.
Biopipe has recently completed the installation of the previously
announced 200m3/day plant at Addis Ababa University in Ethiopia. We
are currently waiting for sewage line to be connected so the plant can be
commissioned. Although a demonstration
plant has been successfully running at Ministry of Irrigation & Water, the
Addis Ababa University plant will be our first commercial scale plant in
Ethiopia. Our channel partner there has several proposals in the pipeline and
expects orders to firm up upon successful commissioning of this plant. Our team
was also able to train the local team on how to do future installations on
their own with our guidance.
About LifeQuest & BioPipe
LifeQuest offers effluent treatment plants (ETP), sewage
treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for
water polishing. BioPipe has developed a patented, 100% sludge-free,
chemical-free, odor-free, silent, easy to assemble and install, scalable, low
cost, ecological and low maintenance-free onsite sewage wastewater treatment
system. The Abrimix ETP solution
available through our joint venture is a highly efficient and cost-effective
industrial wastewater treatment system that is vastly superior to Dissolved Air
Floatation (DAF) and other onsite industrial wastewater treatment systems.
www.lifequestcorp.com
https://www.biopipe.co/
Contact: investor@lifequestcorp.com
Phone:
646-201-5242
This press release contains forward-looking statements that
reflect the Company's current beliefs, expectations or intentions regarding
future events. Any statements contained
in this press release that are not statements of historical fact may be deemed
forward-looking statements. Words such
as will, will be, anticipate, predict, expect, continue, future,
and similar expressions are intended to identify such forward-looking
statements. All forward-looking statements involve significant risks and
uncertainties that could cause actual results to differ materially from those
expressed or implied in the forward-looking statements, many of which are
generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties
include, but are not limited to: political unrest in countries we operate in,
Covid-19 pandemic related disruptions, shipping constraints, expatriation of
invested capital, defaults, future revenues, expenditures, capital, the
adequacy of the Company's current cash and working capital to fund present and
planned operations, investments and the growth through joint ventures.
Additional factors that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements, can be found in
our current Disclosure Statements at www.otcmarkets.com. The Company
anticipates that subsequent events and developments may cause views and
expectations to change. The Company assumes no obligation, and specifically disclaims
any intention or obligation, to update any forward-looking statements, whether
as a result of new information, future events or otherwise.
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