BioPower Operations Corporation's Subsidiary, Green3Power Is Awarded $458,525 Contract for Methane Gas Mitigation System in F...
April 19 2016 - 8:00AM
Marketwired
BioPower Operations Corporation's Subsidiary, Green3Power Is
Awarded $458,525 Contract for Methane Gas Mitigation System in
Florida
FORT LAUDERDALE, FL-(Marketwired - Apr 19, 2016) - BioPower
Operations Corporation (OTCQB: BOPO) ("BioPower") announced today
that its wholly-owned subsidiary Green3Power Operations Inc. Waste
Remediation Division ("G3P" and the "Company") has been awarded a
waste remediation project for $458,525 to design and construct a
methane gas mitigation system including soil preparation. G3P
has begun work on the project and will be responsible for the
design, procurement, and construction of the System.
G3P is partnering with a construction company to complete the
project. The project is expected to be completed by our fiscal
third quarter, 2016.
Dr. Neil Williams, PhD, P.E., CEO of G3P, stated, "Our
management team has been doing waste remediation projects for over
30 years. We have performed waste remediation projects
throughout the world. This will be the first of many waste
remediation projects we hope to do under G3P."
ABOUT G3P
An environmentally sound alternative energy company that can
design, permit, procure equipment, manage construction, and operate
and maintain Waste Remediation projects and Renewable
Waste-to-Energy facilities. The renewable energy facilities
use a unique thermal gasification process to convert waste to
synthesis gas (syngas), which can then be converted to electricity
or through the use of the Fischer-Tropsch process into premium
renewable synthetic fuels. This creates an upgrade to the
current turnkey systems for the conversion of waste to syngas using
gasification technology in use around the world for the last 30
years. Wastes that can be converted include municipal solid
waste (trash), tires, construction and demolition debris, medical
waste, industrial waste, pharmaceutical waste, biological waste,
sewage sludge, APHIS waste, biomass, and more. G3P's
management team has historically provided design, permitting, and
engineering and management services on over 250 waste
projects. G3P is developing waste-to-energy projects globally
and in many areas of the United
States. www.green3power.com
Forward-Looking Statements
Certain statements in this press release and oral statements
made from time to time by representatives of the Company are
forward-looking statements ("forward-looking statements") within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are made as of the date
hereof and are based on current expectations as well as the beliefs
and assumptions of management. Our actual results could differ
materially from those stated or implied in forward looking
statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, expectations,
intentions, projections, developments, future events, performance
or products, underlying assumptions and other statements that are
not historical in nature, including those that include the words
"subject to," "believes," "anticipates," "plans," "expects,"
"intends," "estimates," "forecasts," "projects," "aims," "targets,"
"may," "will," "should," "can," the negatives thereof, variations
thereon and similar expressions. Such forward-looking statements
reflect the Company's current views with respect to future events,
based on what the Company believes are reasonable assumptions.
Whether actual results will conform to expectations and predictions
is subject to known and unknown risks and uncertainties, including
risks and uncertainties discussed in the reports that the Company
has filed with the Securities and Exchange Commission (the "SEC");
risks related to the proposed transaction, including the ability to
consummate the acquisition and the timing of the closing of the
acquisition; general economic, market, or business conditions; the
Company's ability to retain key personnel; the Company's ability to
obtain financing for new projects on commercially reasonable terms;
the Company's ability to integrate successfully the new acquisition
into its ongoing business; and the ability to achieve the
anticipated results of the proposed transaction and other potential
acquisitions; the Company's ability to comply with government
regulations; changes in laws or regulations or policies of federal
and state regulators and agencies; and other circumstances beyond
the Company's control. Refer to the section entitled "Risk Factors"
set forth in the Company's Annual Report on Form 10-K for the year
ended November 30, 2014, as well as the Company's Quarterly Reports
on Form 10-Q and other SEC filings for a discussion of important
risks, uncertainties and other factors that may affect our
business, results of operations and financial condition. The
Company's stockholders are urged to consider such risks,
uncertainties and factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking
statements are not, and should not be relied upon as, a guarantee
of future performance or results, nor will they necessarily prove
to be accurate indications of the times at or by which any such
performance or results will be achieved. As a result, actual
outcomes and results may differ materially from those expressed in
forward-looking statements. The Company is under no obligation to,
and expressly disclaims any such obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact Information
FOR MORE INFORMATION PLEASE CONTACT: BioPower Operations
Corporation www.green3power.com Investor Relations TEL: +1
954.202.6660
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