HUMAN UNITEC
INTERNATIONAL INC. ANNOUNCES SUBSTANTIAL DEVELOPMENT OF GRONE
CONTRACT AND PROJECTS ACTIVITY
Boston, MA -- June
29, 2020 -- InvestorsHub NewsWire -- Human Unitec International,
Inc.,
(OTC
PINK:
HMNU), is a Project Finance,
development and assets management
Corporation focused in sustainability, medical & wellness and
green energy.
In June 2016, the
Company acquired the intellectual property for the GRONE
renewable energy
technology. The Grone is a versatile waste sorting center that acts
not only as a recycling center, but also as power plant aimed at
eliminating the need for landfills.
The
Human Unitec
International, Inc.'s GRONE development
team has recently
completed the development and is now finalizing the sale and
deployment of several small
GRONE
plants.
These GRONE plants are utilized for the recycling and management of
solid waste, plastic, used tires and exhausted oils.
A prototype of
a 10-ton capacity for
tires
recycling plant has been constructed and is in operation
in the Milano
area of
Italy. This plant is under the direct supervision of
Human Unitec
International, Inc.'s GRONE technicians.
The
investment cost of this plant
is
budgeted
at
approximately
$2,000,000 USD and
the plant
shall
generate
an
average
annual net
income of
approximately $1,800,000 USD.
On May 11,
2020,
the Company
entered in
to a
binding purchase
agreement with Palladium Investments SA,
a Swiss subsidiary of ILDA INVESTMENTS SA, for the sale of the
first of six GRONE plants
for the recycling
of solid waste management for $43.000.000.
(www.ildaag.eu).
On
24th of June, 2020, a status meeting was held
where the
directors of Human Unitec International Inc. and Palladium
Investments agreed to the appointment of Mr. Claudio Pezzella CPA
to head the financial and accounting management of this
project; Attorney Walter Zandrini, Lugano Switzerland, as
Trust Agent. It was confirmed at the meeting
that the preliminary phases of the contract had now been completed
and approved by both parties and it was have agreed to the terms
and to its issuance of the $10,000,000 USD payment with $3,000,000 revolving
guarantee in
Trust with the Walter Zandrini Law Office
to begin the construction of the GRONE.
Yilmaz Erbagan, CEO
of Palladium Investments and now also Director and Treasurer of
Human Unitec International Inc., stated: "I am glad to confirm that
Palladium Investments and HMNU are closely cooperating with
success; we are convinced that this GRONE contract is just the
first step for the gradual introduction of our Group in a long term
financial investment program with Human Unitec International Inc..
We are very satisfied with this joint venture and excited with
level of cooperation, transparency
and synergy that
we have developed in this relative short
period of time."
Sumaya
Alay
Faysal, Executive Vice President and
International relations coordinator of HMNU stated:
"The
initial
GRONE
contract provides our
Company the
path and
essential progress of our development to
meet our
mission to
become a global leader in innovative affordable recycling
plants. We
believe the deployment of the GRONE plants will eliminate the
necessity
of
landfills
and at the same
time produce the operator significant revenues and
provide the
community with clean natural energy.
he initial
purchase of
the GRONE for Waste Management less than one month ago has
initiated a
significant and positive
attention to our
technology and our Company. Over the past month, and in spite of
the global pandemic, we are experiencing an high volume of requests for similar GRONE projects as
well as a number of pending agreements for the small, e.g. 10 tons
Plastic and Tires Recycling, GRONES.
We are extremely competitive on the global market, not just in
terms of cost/ price but also on terms of tested technology. We are
now developing an important project to finance the realization and
management of the small GRONE also in franchising and or in
partnership with qualified operators.". www.hmnuinc.com.
About the
GRONE:
The Grone is a
versatile waste sorting center that acts not only as a recycling
center, but also a power plant aimed at eliminating the need for
landfills. The modern landfill is a gross use of space and
increasingly becoming a threat to the environment. The primary
purpose of the Grone is to sort Municipal Solid Waste (metals,
glass, plastic, textiles, paper, and bulky waste). The Grone
separates each resource and allocates it to the proper recycling
zone through an assembly line consisting of a 4-stage process. The
waste is then used as fuel to maintain its perpetual power system.
The power generated from the system can be used to power water
desalination plants that offer fresh water to the respective
community and revenue to the entities. Since 2016, the Company has
been working with Health Target in completing the GRONE technology
for commercial deployment.
www.hmnuinc.com.
Copyright June 2020
©
Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON,
MA 02109
Contact: Telephone
(413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1.
www.hmnuinc.com
Forward-looking statements:
This
document contains certain forward-looking statements with respect
to the financial condition, results of operations and business of
Human Unitec International Inc., (HMNU),
a startup company, and certain of the plans and objectives of HMNU
with respect to these items. Examples of forward-looking statements
include statements made about our strategy, estimates of sales
growth, future EBITA
and future developments in our
organic business. Forward-looking statements can be identified
generally as those
containing words such as "anticipates", "assumes", "believes",
"estimates", "expects", "should", "will", "will likely result",
"forecast", "outlook", "projects", "may" or similar expressions. By
their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances
and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied
by these forward-looking statements. These factors include, but are not limited to,
domestic and global economic and business conditions, the
successful implementation of our strategy and our ability to
realize the benefits of this strategy, our ability to develop and
market new products, changes in legislation, legal claims, changes
in exchange and interest rates, changes in tax rates, pension costs
and actuarial assumptions, raw materials and employee costs, our
ability to identify and complete successful acquisitions and to
integrate those acquisitions into our business, our ability to
successfully exit certain businesses or restructure our operations,
the rate of technological changes, political, economic and other
developments in countries where HMNU operates, industry
consolidation and competition. As a result, HMNU actual future
results may differ materially from the plans, goals and
expectations set forth in such forward-looking
statements.
Hman Unitec (PK) (USOTC:HMNU)
Historical Stock Chart
From Oct 2024 to Nov 2024
Hman Unitec (PK) (USOTC:HMNU)
Historical Stock Chart
From Nov 2023 to Nov 2024
