Cleantek Industries Inc. Announces Successful Field Trial of EcoSteam Technology
Cleantek Industries (TSXV: CTEK) announces successful field trial of its EcoSteam technology, a mobile evaporation platform using natural gas for wastewater volume reduction. The company plans to convert its fleet of diesel-powered CleanSteam units to EcoSteam, targeting 25 units by Spring 2025. The trial exceeded customer expectations in water evaporation rates, with the first customer requesting a second unit. Five additional units are being re-manufactured at the Crossfield facility. The initiative allows redeployment of idle assets with minimal conversion costs, promising high return on investment and quick payback.
Cleantek Industries (TSXV: CTEK) annuncia il successo della prova sul campo della sua tecnologia EcoSteam, una piattaforma mobile di evaporazione che utilizza gas naturale per ridurre il volume delle acque reflue. La società prevede di convertire la sua flotta di unità CleanSteam alimentate a diesel in EcoSteam, puntando a 25 unità entro la primavera del 2025. La prova ha superato le aspettative dei clienti in termini di tassi di evaporazione dell’acqua, con il primo cliente che richiede una seconda unità. Cinque unità aggiuntive stanno venendo rimanufacturate presso l'impianto di Crossfield. Questa iniziativa consente la riutilizzazione di beni inattivi con costi di conversione minimi, promettendo un alto ritorno sugli investimenti e un veloce recupero.
Cleantek Industries (TSXV: CTEK) anuncia el exitoso ensayo de campo de su tecnología EcoSteam, una plataforma móvil de evaporación que utiliza gas natural para la reducción del volumen de aguas residuales. La compañía planea convertir su flota de unidades CleanSteam propulsadas por diésel a EcoSteam, con el objetivo de tener 25 unidades para la primavera de 2025. La prueba superó las expectativas de los clientes en cuanto a las tasas de evaporación de agua, con el primer cliente solicitando una segunda unidad. Se están reacondicionando cinco unidades adicionales en la instalación de Crossfield. La iniciativa permite la reimplantación de activos ociosos con costos de conversión mínimos, prometiendo un alto retorno de la inversión y un rápido período de recuperación.
Cleantek Industries (TSXV: CTEK)는 폐수 부피 감소를 위해 천연 가스를 사용하는 모바일 증발 플랫폼인 EcoSteam 기술의 성공적인 현장 시험을 발표했습니다. 이 회사는 2025년 봄까지 25대의 EcoSteam 유닛으로 디젤 구동 CleanSteam 유닛을 전환할 계획입니다. 시험은 물 증발률에서 고객의 기대를 초과 달성했으며, 첫 번째 고객이 두 번째 유닛을 요청했습니다. 추가로 다섯 대의 유닛이 크로스필드 시설에서 재제작되고 있습니다. 이 이니셔티브는 최소한의 전환 비용으로 유휴 자산을 재배치할 수 있도록 하여 높은 투자 수익률과 빠른 회수 기간을 약속합니다.
Cleantek Industries (TSXV: CTEK) annonce le succès de l'essai sur le terrain de sa technologie EcoSteam, une plateforme mobile d'évaporation utilisant du gaz naturel pour réduire le volume des eaux usées. L'entreprise prévoit de convertir sa flotte d'unités CleanSteam fonctionnant au diesel en EcoSteam, en visant 25 unités d'ici le printemps 2025. L'essai a dépassé les attentes des clients en termes de taux d'évaporation de l'eau, le premier client ayant demandé une deuxième unité. Cinq unités supplémentaires sont en cours de re-fabrication à l'établissement de Crossfield. Cette initiative permet de redéployer des actifs inactifs avec des coûts de conversion minimes, promettant un retour sur investissement élevé et un remboursement rapide.
Cleantek Industries (TSXV: CTEK) kündigt den erfolgreichen Feldversuch seiner EcoSteam-Technologie an, einer mobilen Verdampfungsplattform, die Erdgas zur Reduzierung des Volumens von Abwasser verwendet. Das Unternehmen plant, seine Flotte von dieselbetriebenen CleanSteam-Einheiten auf EcoSteam umzurüsten, mit dem Ziel, bis zum Frühjahr 2025 25 Einheiten zu erreichen. Der Versuch übertraf die Erwartungen der Kunden hinsichtlich der Wasserverdampfungsraten, wobei der erste Kunde eine zweite Einheit anforderte. Fünf zusätzliche Einheiten werden in der Crossfield-Anlage umgerüstet. Die Initiative ermöglicht die Wiederverwendung ungenutzter Vermögenswerte mit minimalen Umrüstungskosten und verspricht eine hohe Rendite und schnelle Amortisation.
- Successful field trial exceeded customer requirements, leading to extended usage and demand for additional units
- Low capital requirements for fleet conversion with quick payback period
- Plan to deploy 25 EcoSteam units by Spring 2025
- Efficient utilization of idle, fully depreciated assets through conversion
- Strong customer demand for the technology
- Converted assets cannot be recognized at full value on balance sheet
Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company"), a leader in innovative clean technology solutions, is proud to announce the successful field trial of its EcoSteam technology. The EcoSteam is a mobile evaporation platform that utilizes natural gas to power a proprietary thermal separation process significantly reducing wastewater volumes. This achievement marks a significant milestone in the growth of Cleantek's low-emission water evaporation product line.
The successful field trial of the first EcoSteam unit marks the initial phase of Cleantek's fleet refurbishment and redeployment initiative. Converting the Company's large fleet of legacy and underutilized, diesel-powered CleanSteam units presents a significant growth opportunity for Cleantek. With low capital requirements for refurbishment and a quick turnaround, this initiative offers a unique opportunity to expand the Company's product portfolio and drive revenue growth, at minimal cost.
Five additional EcoSteam units are being re-manufactured in the Company's Crossfield facility with a target of twenty-five units to market by early Spring 2025. Strong customer demand for evaporation technologies and the shared interest in lower-emitting technologies align seamlessly with Cleantek's suite of products. The EcoSteam serves as a compliment to the Company's highly successful DZeroE suite of waste heat evaporators, further enhancing our product offerings.
Key Highlights from the recent EcoSteam Trial:
- Output: Exceeded customer requirements for water evaporation rates and the customer plans to keep the unit for the duration of winter and has asked for a second unit.
- Emission Reductions: Utilizing natural gas (including waste gas) to evaporate wastewater on-site provides a low-emissions method of recycling water to the atmosphere. This approach minimizes disposal volumes and significantly reduces truck transport.
- Operational Flexibility: Demonstrated seamless integration into existing infrastructure, with minimal operational disruption.
- Redeployment of Idle Assets: Utilizing the fleet of legacy diesel-powered CleanSteam units for the EcoSteam conversion allows the Company to redeploy assets that were idle and fully depreciated at a minimal cost of conversion. While the conversion does not allow the Company to recognize the full value of these redeployed assets on the balance sheet the new revenue stream will result in a high return on investment and a very quick payback.
"We are very pleased with the results of the EcoSteam trial and would like to extend our gratitude to our customers for sponsoring the application," said Cleantek CEO, Riley Taggart. "The EcoSteam initiative is among the first steps of Cleantek's strategy to reimagine the possibilities of our idle assets. We are committed to further expanding into the water evaporation market and, with strong customer demand for EcoSteam units, we aim to continue their conversion through 2025."
About Cleantek Industries Inc.:
Cleantek is an environmental technology-based company that provides specialized and fully integrated wastewater treatment and disposal equipment along with turnkey sustainable lighting rental solutions. Cleantek leverages its patented technology and industry expertise to provide equipment to service a diverse clientele. Cleantek prioritizes people and the environment through our high-performance safety-focused culture and our experienced technical professionals are committed to providing environmentally friendly cost-effective solutions to our clients.
Cleantek provides technology-based solutions for an increasingly demanding water treatment and disposal sector along with location lighting to provide safe working conditions for 24-hour operations. Cleantek provides its technology and services in some of the most active areas in Canada and the United States. Our environmental, safety and operational performance have enabled us to establish and maintain a blue-chip client base, including many exploration and production companies in North America.
For Further Information:
Riley Taggart, President & CEO
Email: rtaggart@cleantekinc.com
Website: cleantekinc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232247
FAQ
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