VTI 0.00% 13.5¢ visioneering technologies inc.

vti on aim 21 june, page-2

  1. 1,812 Posts.
    VIROTEC INTERNATIONAL LTD
    ABN 81 004 801 398
    PO Box 188
    Sanctuary Cove QLD 4212 Australia
    www.virotec.com
    21 June 2004
    Virotec Secures First ViroSewage™ Contracts
    The Directors of Virotec International Ltd (ASX/ AIM: VTI) are pleased to announce
    that the Company has secured two commercial contracts for its ViroSewageTM
    Technology with municipal councils in Australia (outlined herein) and this represents
    the first stage of the commercialisation of the ViroSewageTM Technology.
    Executive Chairman, Brian Sheeran explains “We have taken ViroSewageTM from a
    concept to the marketplace in less than eighteen months and we consider this
    remarkable achievement to be another endorsement of the diversity of the company’s
    platform Bauxsol™ Technology which has widespread industry applications”.
    Mr Sheeran continues, “Whilst the initial contracts (totaling $AUD168,804) are with
    small municipal authorities, they do represent our first step into a global market.
    Municipal wastewater treatment must meet the concurrent challenges of providing
    affordable sanitation, and meeting the water quality requirements for the protection of
    the aquatic environment. Another high priority for the industry is the management,
    treatment and disposal of sludges from sewage treatment works. We believe that the
    ViroSewageTM Technology is a cost-effective breakthrough that delivers a suite of
    beneficial outcomes and overcomes universal challenges.”
    In the Australian market, ViroSewageTM is being introduced as follows:
    1. The company has confirmed its first ViroSewageTM contract with a NSW
    municipal authority, following the successful installation and demonstration of
    the technology for over 30 days at the council’s trickling filter Sewage
    Treatment Plant (STP) where Biological Oxygen Demand (BOD) and Total
    Suspended Solids (TSS) are the main problem. The contract, for $AUD11,023
    per month, is for an initial term of eight months.
    2. The company has entered into a second ViroSewageTM contract with a
    municipal authority in Queensland, which is subject to a one-month successful
    performance of the system at the trickling filter STP where phosphorous is the
    main problem. Subject to the 30-day period, the contract worth $AUD80,620
    will be for a 12-month period commencing mid July.
    3. A trial of ViroSewageTM has commenced at a capital city municipal authority
    where phosphorous and nitrate loadings are a problem at their activated sludge
    STP.
    VIROTEC INTERNATIONAL LTD
    ABN 81 004 801 398
    PO Box 188
    Sanctuary Cove QLD 4212 Australia
    www.virotec.com
    4. Several other municipal councils are considering the implementation of the
    technology.
    In the United Kingdom, where phosphorous is a source problem for many utilities, and
    sludge treatment and disposal can amount to 50% of operating costs, a UK water
    company has recently completed the first European ViroSewageTM trial at one of its
    treatment plants.
    The initial commercial demonstration, aimed at phosphorous reduction, achieved
    excellent results. Virotec anticipates that the next step will be a more comprehensive
    trial aimed at evaluating the wider range of ViroSewageTM benefits including faster
    flocculation, improved plant efficiency, cost savings, sludge reduction and odour
    control.
    The UK wastewater treatment market is extensive and the directors believe that the
    ViroSewageTM Technology could have a significant impact.
    For all its municipal customers, Virotec integrates its ViroSewageTM reagents into
    existing processes, seeking maximum performance outcomes from relatively small
    capital outlays. Virotec reagents are easily dispersed and optimum dosage rates for
    each facility are determined through laboratory testing and on-site fieldwork.
    Brian Sheeran concludes, “ViroSewageTM is an innovative low-cost technology
    providing practical solutions for the municipal wastewater treatment industry. Like the
    ViroMineTM (environmental remediation) and ViroFlowTM (industrial water) Technologies,
    the ViroSewageTM Technology is a robust technology and an integral component of the
    diverse Virotec asset base.”
    For further information please contact Virotec on telephone +617 5530 8014, or visit at
    our website at www.virotec.com.
 
watchlist Created with Sketch. Add VTI (ASX) to my watchlist
(20min delay)
Last
13.5¢
Change
0.000(0.00%)
Mkt cap ! $7.43M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 436 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 10388 1
View Market Depth
Last trade - 16.12pm 28/06/2024 (20 minute delay) ?
VTI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.