BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

October 28, 2009 08:30 ET

BioteQ Forms Alliance to Target Power Projects in China

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of industrial waste water, has entered into an agreement with Guangdong Hehai Engineering Consulting Company, to jointly pursue water treatment projects in the Chinese power generation industry. Under the terms of the agreement, the two companies have agreed to target several large, state-owned power producers, and work together to assess at least five potential projects within the next twelve months, with the goal of securing a definitive commercial agreement for a project within that time. BioteQ currently maintains one joint venture in China with Jiangxi Copper Corporation, China's largest mining company.

Guangdong Hehai Engineering Consulting Company is a mid-sized professional engineering firm based in Guangzhou City, specializing in engineering, procurement and construction management for water resources, hydro power, utilities and power projects in China. The company's customers include private companies and government agencies involved in water management and coal-fired power plants. The company has extensive industry contacts, and has agreed to provide technical marketing, including allocating three of its full-time engineers, to work on project assessments that could apply BioteQ's water treatment technologies in the power generation sector in China. BioteQ will provide technical evaluation, process design, and project costing for the assessments, and would be the technology supplier and operator for any projects secured under the agreement.

BioteQ is expanding the use of its water treatment technologies to include applications in the power generation sector, targeting the treatment of dissolved solids that otherwise limit water re-use in process streams, including cooling and steam make-up water, ash pond water, and flue-gas desulphurization wastewater. BioteQ's technologies can be applied to power plant wastewater to remove hardness, sulphate, heavy metals, and silica, at a lower cost than alternative methods. Cost savings are generated from lower input costs, lower capital costs, and lower power consumption compared to alternative processes. At the same time, BioteQ's processes can recover up to 95 percent of process water for re-use.

BioteQ Corporate Profile

BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company's commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.

BioteQ has been named one of Canada's Top 50 Most Socially Responsible Corporations by Jantzi Research and Maclean's, and the company's sustainable water treatment solutions have been recognized with the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2008. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Corporate Development
    604-685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    604-685-1243 or 1-800-537-3073
    604-685-7778 (FAX)
    investor@bioteq.ca
    www.bioteq.ca