SOURCE: America Greener Technologies, Inc.

February 03, 2016 13:42 ET

America Greener Technologies Enters Into Canadian Soft Wave Product Distribution Agreement With Stina Resources

MESA, AZ--(Marketwired - Feb 3, 2016) -  America Greener Technologies, Inc. (AGT) (OTCQB: AGRN), an environmental technologies company, today announced that it has entered into a definitive agreement with Richmond, B.C. based Stina Resources Ltd. for the Canadian Distribution Rights for Soft Wave, AGT's patented water treatment technology. The terms of the agreement call for an upfront cash payment, up to $250,000 in future cash payments, and a 12% royalty on all Soft Wave Technology distributed and sold within Canada. The agreement is subject to approval by the Canadian Stock Exchange.

Soft Wave is a proprietary, non-chemical physical water treatment system that provides a number of cost-saving, environmental, and personal benefits to household consumers, businesses, city water infrastructures, and large industrial operations. Soft Wave units are comprised of multiple electromagnetic coils wrapping around a water pipe, exposing water to multi-vibrational overlapping electrical and magnetic fields. This enhances water's ability to dissolve and suspend minerals, thus preventing scale formation inside water pipes and exposed surfaces. Soft Wave has been installed in the facilities of Dole Foods, Fresh Express and Best Western Hotels, among other well-known American companies.

"We are extremely pleased to have completed our first international licensing agreement for our proprietary Soft Wave technology," said John Mooney, President and CEO, AGT. "Our strategy is to enter into additional international licensing agreements."

About AGT:

AGT is a Mesa, Arizona based environmental technologies company, offering proprietary process improvement solutions for the commercial, power generation, petrochemical and heavy industrial marketplace. AGT holds an exclusive long term (30 year) license in North America on Polarchem Cleaning System, which has proven to be safe and effective in improving operating efficiencies at power and petrochemical plants worldwide for the past 45 years, as well as providing substantial pollution control benefits to those industries. AGT also owns and operates Soft Wave, a chemical free water treatment division which employs an electrodynamic system to eliminate scale formation, lower or eliminate chemical use and provide cost and resource reductions in process water treatment.

Safe Harbor:

This press release contains forward-looking statements that relate to AGT's plans, objectives and estimates within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," "plans," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: problems securing the necessary financing to continue operations, problems encountered in commercializing AGT's technology, difficulties experienced in product development, roadblocks experienced in sales and marketing activities and longer than expected project development processes, the inability to agree on a definitive agreement. To the extent permitted by applicable law, AGT makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement.

Contact Information

  • Philippe Niemetz
    PAN Consultants Ltd.
    (212) 344-6464