LIFEQUEST'S WHOLLY OWNED SUBSIDIARY RECEIVES SECOND ORDER FOR AN INDUSTRIAL WASTEWATER TREATMENT PLANT FOR A FOOD PROCESSING COMPANY

Rhea-AI Summary

LifeQuest World Corp (LQWC), based in Ridgefield Park, N.J., is advancing innovative wastewater treatment technologies through its subsidiary, Biopipe India Private Limited. The company is set to establish a plant capable of treating effluent from a gooseberry processing facility, starting at 60m³/day and increasing to 120m³/day within two years. CEO Tanmay Pawale highlighted the challenges of treating such industrial effluent due to its high solid loading and acidity. Furthermore, the company is expanding its sales pipeline in various countries, including a commissioned plant in the Philippines and upcoming projects in India and South Africa.

Positive

• New wastewater treatment plant designed for gooseberry processing, addressing high acidity and solid loading.
• Plant capacity will increase from 60m³/day to 120m³/day in 24 months.
• Successful commissioning of a sewage treatment plant in the Philippines.
• Growing sales funnel for industrial wastewater treatment systems.

Negative

• None.

RIDGEFIELD PARK, N.J., March 20, 2023 /PRNewswire/ -- LIFEQUEST WORLD CORP (LQWC) is focused on innovative, decentralized, scalable wastewater treatment and reuse technologies. Through its wholly owned subsidiary, Biopipe India Private Limited, the Company is concurrently pursuing both industrial, as well as sewage wastewater treatment. The plant is designed to treat effluent from a gooseberry processing plant with an initial capacity of 60m³/day and will rise to 120m³/day within 24 months.   

Tanmay Pawale, the CEO of Biopipe India Private Limited stated that, "Effluent from a gooseberry processing plant is extremely challenging to treat due to high solid loading and acidity. The processing plant has gone through two treatment systems, which failed to meet the desired effluent standards. During the piloting process, we were able to demonstrate the efficiency of our technology. This plant will be an important reference plant for the food processing industry. Additionally, we are on track to deliver our previously announced plant for a pharmaceutical client by the end of April. Our industrial wastewater treatment and sewage treatment systems sales funnel continues to grow."

"After nearly two years of disruption due to Covid-19, we are hitting our strides in the key markets we have made significant investments in. We successfully commissioned a sewage treatment plant for a marque client in the Philippines, which has led to ramped up sales activity; successfully demonstrated our ability to treat industrial effluents in India; in the near future we expect to close orders in Ethiopia, which is entering a peaceful phase and upgrade of the abattoir treatment plant in South Africa," said Max Khan, the CEO of Lifequest.   

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: tanmay@lifequestcorp.com
Phone: +91 86009 96066
+1-646-201-5242

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.

SOURCE LifeQuest World Corp

FAQ

What is the latest press release from LifeQuest World Corp (LQWC)?

LifeQuest World Corp recently announced advancements in wastewater treatment technologies through its subsidiary, Biopipe India Private Limited. The new plant will treat effluent from a gooseberry processing facility.

What is the capacity of the new wastewater treatment plant by LQWC?

The new wastewater treatment plant is designed to treat 60m³/day of effluent, with plans to increase capacity to 120m³/day within 24 months.

What regions are LQWC expanding into with their wastewater treatment solutions?

LQWC is expanding its operations in various regions including the Philippines, India, and South Africa.

Who is the CEO of LifeQuest World Corp?

Max Khan is the CEO of LifeQuest World Corp.

How is LQWC addressing industrial wastewater challenges?

LQWC is addressing industrial wastewater challenges with innovative treatment technologies, particularly through the new plant catering to difficult effluents from food processing.