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MONTREAL, Aug. 29, 2018 /CNW Telbec/ - Ecolomondo
Corporation (TSXV: ECM) (the "Company" or "Ecolomondo")
releases its unaudited interim condensed consolidated financial
statements and notes hereto and its related management discussion
& analysis as of and for the three and six months ended
June 30, 2018 (the "Interim
Financial Statements").
During this quarter, the Company kept actively working to
advance its:
Partial commercialization of the Company's Contrecoeur facility. The Company expects
to achieve this milestone on schedule, by the end of the third
quarter of 2018.
Construction of the Hawkesbury Thermal Decomposition Process
("TDP") facility. This project is progressing according to
schedule and management believes that the construction of this
facility should begin late 2018 or early 2019.
The partial commercialization of the Contrecoeur facility and the construction of
the Hawkesbury TDP facility are important steps in the Company's
marketing strategy because they will be used to showcase the
Company's TDP turnkey facilities to potential customers.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is
commercializing its waste-to-products technology. The Thermal
Decomposition Process ("TDP") converts hydrocarbon waste
into marketable commodity end-products, namely carbon black
substitute, oil, gas and steel. Technologies such as Ecolomondo's
are expected to play an important role in resource recovery needed
in today's circular economy.
Management believes that technological breakthroughs in areas of
emissions, process optimization, automation, end-product processing
and safety, position Ecolomondo to become an industry leader.
The Company's main revenues will come from the sale of TDP
turnkey facilities and royalties from their operations. TDP
facilities will generate revenues from the sale of end-products,
tipping fees and carbon credits. Ecolomondo's first focus is to
market TDP turnkey facilities that use scrap tires as a feedstock,
because scrap tires yield end-products with a higher commercial
value, especially the recycled carbon black.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Although Ecolomondo
believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, Ecolomondo disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements or
otherwise.
Neither TSX Venture Exchange nor its Regulation 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.
www.ecolomondo.com
SOURCE Ecolomondo Corp