Initial Supply Order Represents MV's First SulfAx System Sale in the Canadian Market
GOLDEN, CO -- (Marketwired) -- 06/27/17 -- Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), a provider of environmental, renewable fuels and industrial waste stream management services, has announced its wholly owned subsidiary, MV Technologies, has expanded its footprint into the Canadian market with the award of a contract to supply its SulfAx® system to Société d'Économie mixte de l'est de la Couronne Sud Inc. (SÉMECS), for use in the Quebec Biomethanization Program.
SÉMECS was awarded a $31 million grant from the Quebec Provincial government, aimed at reducing greenhouse gas emissions. The project, located in Varennes, Quebec, will serve the East Couronne Sud area of greater Montreal, representing 235,000 residents. Its aim is to reduce greenhouse gas emissions while generating biogas -- a green energy source -- and organic fertilizers, from separated residential, industrial, commercial, and institutional organic waste traditionally destined for landfills.
MV Technologies' SulfAx® system was selected by SÉMECS and Biogaz EG, the project developer and operator, to eliminate hazardous hydrogen sulfide (H2S) from the anaerobic digester gas stream. Biogaz EG is a joint venture of Greenfield Ethanol and Groupe Valorrr, both of which are leaders in biomass fuels production.
MV's proprietary SulfAx® system is designed to safely and cost-effectively eliminate H2S by optimizing the performance of AxTrap™, a high-capacity granular media that is readily disposable. MV's SulfAx® systems are used in a wide range of industries, including food and beverage, landfill, oil and gas, wastewater treatment, and now more than 30 anaerobic digester systems across north America.
"MV is honored to have been selected for such an important and ground-breaking, biogas-to-green-energy project in Quebec," said Richard Robertson, President of MV Technologies and COO of SEER. "This represents the sixth placement of a SulfAx® system since MV launched the product last year and adds to our installed base of systems that generate recurring high-margin revenue for MV while providing our valued clients with a safe, reliable and cost-effective solution. We expect the system to be installed and operational by the fourth quarter of 2017 and start generating replacement media revenue by next year," concluded Robertson.
AxTrap™ is a trademark of Axens, all rights reserved. Axens, an IFP Group affiliate, is an international provider of advanced technologies, catalysts, adsorbents and services, with a global reputation for basic engineering design excellence. The main scope of Axens' business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens' global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using Axens' processes and catalysts all around the world. www.axens.net
About MV Technologies
MV Technologies is an industry leader specializing in air emissions and odor control solutions with an emphasis on dry scrubber H2S removal systems for a broad range of industrial applications. MV designs gas cleaning systems engineered to cost-effectively remove H2S and mercaptan-based compounds from landfill gas, digester biogas, and other waste streams. MV systems enable air emissions compliance, eliminate odor, protect people and downstream machinery, minimize maintenance costs, and help prepare gas streams for renewable energy. For more information visit: www.mvseer.com.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has four wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC and SEER Environmental Materials, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas ("Reach"). For more information about the Company visit: www.seer-corp.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding future performance or fiscal projections, the cost effectiveness, impact and ability of the Company's products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Source: Strategic Environmental & Energy Resources, Inc.
Released June 27, 2017