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Lifequest’s Wholly Owned Subsidiary Completes Installation of Its Flagship Biological Sewage Wastewater Treatment Plant With a 30m3/Day Capacity in a Resort in India

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LIFEQUEST WORLD CORP (OTC: LQWC) announces the installation of its flagship biological sewage wastewater treatment plant with a 30m3/day capacity at a resort in India. This marks the company's third plant in the resort sector, with two others operating in the Maldives. The plant will be commissioned upon the resort's opening, significantly reducing its environmental footprint and ensuring compliance with India's increasingly stringent environmental regulations.

Enes Kutluca, CEO of Lifequest subsidiary Biopipe Global, emphasized the importance of their on-site STP in contributing to water conservation efforts and eco-friendly operations. The Indian hospitality industry is projected to grow at a CAGR of 4.73%, reaching $31 billion by 2029. With the surge in resort numbers across popular tourist destinations, there's an increasing focus on sustainable practices, particularly in waste management and water conservation.

LIFEQUEST WORLD CORP (OTC: LQWC) annuncia l'installazione della sua pianta di trattamento biologico delle acque reflue con una capacità di 30m3/giorno in un resort in India. Questo segna la terza pianta dell'azienda nel settore dei resort, con altre due già operative nelle Maldive. La pianta sarà attivata all'apertura del resort, riducendo significativamente la sua impronta ambientale e garantendo la conformità alle normative ambientali sempre più rigorose dell'India.

Enes Kutluca, CEO della sussidiaria di Lifequest Biopipe Global, ha sottolineato l'importanza del loro STP in loco nel contribuire agli sforzi di conservazione dell'acqua e alle operazioni ecologiche. Si prevede che l'industria dell'ospitalità indiana cresca con un CAGR del 4,73%, raggiungendo 31 miliardi di dollari entro il 2029. Con l'aumento del numero di resort nelle popolari destinazioni turistiche, si sta dando sempre più attenzione alle pratiche sostenibili, in particolare nella gestione dei rifiuti e nella conservazione dell'acqua.

LIFEQUEST WORLD CORP (OTC: LQWC) anuncia la instalación de su planta insignia de tratamiento biológico de aguas residuales con una capacidad de 30m3/día en un resort en India. Este es el tercer planta de la compañía en el sector de resorts, con otras dos operando en Maldivas. La planta se pondrá en marcha al abrir el resort, reduciendo significativamente su huella ambiental y asegurando el cumplimiento de las regulaciones ambientales cada vez más estrictas de India.

Enes Kutluca, CEO de la subsidiaria de Lifequest Biopipe Global, enfatizó la importancia de su STP en el lugar para contribuir a los esfuerzos de conservación del agua y las operaciones ecológicas. Se proyecta que la industria hotelera india crecerá a una CARG del 4.73%, alcanzando los 31 mil millones de dólares para 2029. Con el aumento en el número de resorts en destinos turísticos populares, hay un enfoque creciente en prácticas sostenibles, particularmente en la gestión de residuos y la conservación del agua.

LIFEQUEST WORLD CORP (OTC: LQWC)는 인도의 리조트에 하루 30m3 용량의 최첨단 생물학적 하수 처리 시설을 설치한다고 발표했습니다. 이는 회사의 리조트 분야에서의 세 번째 시설로, 말리디브에서 두 곳이 운영 중입니다. 이 시설은 리조트 개장 시 가동될 예정이며, 환경 발자국을 크게 줄이고 인도의 점점 더 엄격해지는 환경 규정을 준수할 수 있도록 합니다.

Lifequest의 자회사인 Biopipe Global의 CEO인 Enes Kutluca는 현장 STP가 물 보존 노력과 친환경 운영에 기여하는 중요성을 강조했습니다. 인도 숙박 산업은 2029년까지 310억 달러에 이를 것으로 예상되며, 연평균 성장률(CAGR) 4.73%로 성장할 것으로 보입니다. 인기 있는 관광지에서 리조트 수가 급증함에 따라, 특히 폐기물 관리와 물 보존에서 지속 가능한 관행에 대한 초점이 증가하고 있습니다.

LIFEQUEST WORLD CORP (OTC: LQWC) annonce l'installation de sa station d'épuration biologique phare avec une capacité de 30m3/jour dans un resort en Inde. Cela marque la troisième station de l'entreprise dans le secteur des resorts, avec deux autres déjà opérationnelles aux Maldives. La station sera mise en service à l'ouverture du resort, réduisant considérablement son empreinte environnementale et garantissant le respect des réglementations environnementales de plus en plus strictes en Inde.

Enes Kutluca, PDG de la filiale de Lifequest Biopipe Global, a souligné l'importance de leur STP sur place pour contribuer aux efforts de conservation de l'eau et aux opérations respectueuses de l'environnement. On prévoit que l'industrie hôtelière indienne connaîtra une croissance d'un TCAC de 4,73 %, atteignant 31 milliards de dollars d'ici 2029. Avec l'augmentation du nombre de resorts dans des destinations touristiques prisées, il y a une attention croissante sur les pratiques durables, en particulier en matière de gestion des déchets et de conservation de l'eau.

LIFEQUEST WORLD CORP (OTC: LQWC) kündigt die Installation seiner Flaggschiff-Anlage zur biologischen Abwasserbehandlung mit einer Kapazität von 30m3/Tag in einem Resort in Indien an. Dies markiert die dritte Anlage des Unternehmens im Resort-Sektor, wobei zwei weitere auf den Malediven betrieben werden. Die Anlage wird zur Eröffnung des Resorts in Betrieb genommen, was die Umweltbelastung erheblich verringert und die Einhaltung der zunehmend strengen Umweltvorschriften Indiens sicherstellt.

Enes Kutluca, CEO der Lifequest-Tochtergesellschaft Biopipe Global, betonte die Bedeutung ihrer vor Ort befindlichen STP, um zu den Bemühungen um Wassererhaltung und umweltfreundliche Betriebsabläufe beizutragen. Es wird prognostiziert, dass die indische Gastgewerbeindustrie mit einer durchschnittlichen Wachstumsrate von 4,73% bis 2029 auf 31 Milliarden Dollar wachsen wird. Mit dem Anstieg der Resorts in beliebten Touristenzielen wird zunehmend auf nachhaltige Praktiken, insbesondere im Bereich Abfallmanagement und Wasserschutz, geachtet.

Positive
  • Installation of flagship biological sewage wastewater treatment plant in an Indian resort
  • Expansion into the growing Indian hospitality market
  • Compliance with stringent environmental regulations in India
  • Potential for increased demand due to industry focus on sustainability and water conservation
Negative
  • None.

RIDGEFIELD PARK, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- LIFEQUEST WORLD CORP (OTC MARKETS: LQWC) is focused on innovative, decentralized, scalable wastewater treatment and reuse technologies. The company is focused on biological treatment of sewage wastewater and electro-chemical treatment of certain industrial wastewater.

Enes Kutluca, CEO of Lifequest subsidiary, Biopipe Global, said, “We are proud to announce the installation of our cutting-edge biological sewage wastewater treatment plant at a resort in a major tourist destination. This will be our third plant in resort with two plants running at resorts in the Maldives. This plant will be commissioned at the time of opening of the resort. Our innovative on-site STP will significantly reduce the resort’s environmental footprint, contributing to water conservation efforts and ensuring the eco-friendliness of its operations. Additionally, government regulations in India are becoming more stringent regarding the management of wastewater in hospitality settings. Installing our Biopipe STP will ensure compliance with environmental laws.”

According to https://www.ibef.org/research/case-study/growth-of-hotel-industry-in-india, the hospitality industry is growing at CAGR of 4.73% and expected to reach $31 billion by the year 2029. India, with its rich cultural heritage, diverse landscapes, and booming tourism industry, has seen a surge in the number of resorts, especially in popular travel destinations in the states of Goa, Kerala, Rajasthan, and Himachal Pradesh. With tourism thriving, it has become increasingly important for hospitality establishments to embrace sustainable practices, particularly in waste management. The industry is increasingly focused on sustainability with particular focus on water conservation. Biopipe STP with its small footprint, which requires limited civil work is the ideal solution. The effluent can be reused for irrigation, outdoor cleaning and other non-potable uses.

About LifeQuest & BioPipe

LifeQuest offers effluent treatment plants (ETP), sewage treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for water polishing. BioPipe has developed a patented, 100% sludge-free, chemical-free, odor-free, silent, easy to assemble and install, scalable, low cost, ecological and low maintenance-free onsite sewage wastewater treatment system. The Abrimix ETP solution available through our joint venture is a highly efficient and cost-effective industrial wastewater treatment system that is vastly superior to Dissolved Air Floatation (DAF) and other onsite industrial wastewater treatment systems.

www.lifequestcorp.com

https://www.biopipe.co/

Contact: investor@lifequestcorp.com

Phone: 646-201-5242

This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “will,” “will be”, “anticipate,” “predict,” “expect,” “continue,” “future,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: political unrest in countries we operate in, Covid-19 pandemic related disruptions, shipping constraints, expatriation of invested capital, defaults, future revenues, expenditures, capital, the adequacy of the Company's current cash and working capital to fund present and planned operations, investments and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.


FAQ

What is the capacity of LQWC's new wastewater treatment plant in India?

LQWC's new biological sewage wastewater treatment plant installed in an Indian resort has a capacity of 30m3/day.

How many resort-based wastewater treatment plants has LQWC installed to date?

LQWC has installed three resort-based wastewater treatment plants, including two in the Maldives and the latest one in India.

What is the projected growth rate of the Indian hospitality industry according to LQWC's press release?

According to the press release, the Indian hospitality industry is expected to grow at a CAGR of 4.73% and reach $31 billion by 2029.

How does LQWC's Biopipe STP contribute to sustainability in resorts?

LQWC's Biopipe STP contributes to sustainability by reducing environmental footprint, conserving water, and allowing reuse of treated effluent for irrigation and non-potable uses.

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