SOURCE: BioPower Operations Corporation

BioPower Operations Corporation

April 19, 2016 08:00 ET

BioPower Operations Corporation's Subsidiary, Green3Power Is Awarded $458,525 Contract for Methane Gas Mitigation System in Florida

FORT LAUDERDALE, FL--(Marketwired - Apr 19, 2016) - BioPower Operations Corporation (OTCQB: BOPO) ("BioPower") announced today that its wholly-owned subsidiary Green3Power Operations Inc. Waste Remediation Division ("G3P" and the "Company") has been awarded a waste remediation project for $458,525 to design and construct a methane gas mitigation system including soil preparation. G3P has begun work on the project and will be responsible for the design, procurement, and construction of the System.

G3P is partnering with a construction company to complete the project. The project is expected to be completed by our fiscal third quarter, 2016.

Dr. Neil Williams, PhD, P.E., CEO of G3P, stated, "Our management team has been doing waste remediation projects for over 30 years. We have performed waste remediation projects throughout the world. This will be the first of many waste remediation projects we hope to do under G3P."

ABOUT G3P

An environmentally sound alternative energy company that can design, permit, procure equipment, manage construction, and operate and maintain Waste Remediation projects and Renewable Waste-to-Energy facilities. The renewable energy facilities use a unique thermal gasification process to convert waste to synthesis gas (syngas), which can then be converted to electricity or through the use of the Fischer-Tropsch process into premium renewable synthetic fuels. This creates an upgrade to the current turnkey systems for the conversion of waste to syngas using gasification technology in use around the world for the last 30 years. Wastes that can be converted include municipal solid waste (trash), tires, construction and demolition debris, medical waste, industrial waste, pharmaceutical waste, biological waste, sewage sludge, APHIS waste, biomass, and more. G3P's management team has historically provided design, permitting, and engineering and management services on over 250 waste projects. G3P is developing waste-to-energy projects globally and in many areas of the United States. www.green3power.com

Forward-Looking Statements

Certain statements in this press release and oral statements made from time to time by representatives of the Company are forward-looking statements ("forward-looking statements") within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date hereof and are based on current expectations as well as the beliefs and assumptions of management. Our actual results could differ materially from those stated or implied in forward looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance or products, underlying assumptions and other statements that are not historical in nature, including those that include the words "subject to," "believes," "anticipates," "plans," "expects," "intends," "estimates," "forecasts," "projects," "aims," "targets," "may," "will," "should," "can," the negatives thereof, variations thereon and similar expressions. Such forward-looking statements reflect the Company's current views with respect to future events, based on what the Company believes are reasonable assumptions. Whether actual results will conform to expectations and predictions is subject to known and unknown risks and uncertainties, including risks and uncertainties discussed in the reports that the Company has filed with the Securities and Exchange Commission (the "SEC"); risks related to the proposed transaction, including the ability to consummate the acquisition and the timing of the closing of the acquisition; general economic, market, or business conditions; the Company's ability to retain key personnel; the Company's ability to obtain financing for new projects on commercially reasonable terms; the Company's ability to integrate successfully the new acquisition into its ongoing business; and the ability to achieve the anticipated results of the proposed transaction and other potential acquisitions; the Company's ability to comply with government regulations; changes in laws or regulations or policies of federal and state regulators and agencies; and other circumstances beyond the Company's control. Refer to the section entitled "Risk Factors" set forth in the Company's Annual Report on Form 10-K for the year ended November 30, 2014, as well as the Company's Quarterly Reports on Form 10-Q and other SEC filings for a discussion of important risks, uncertainties and other factors that may affect our business, results of operations and financial condition. The Company's stockholders are urged to consider such risks, uncertainties and factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • FOR MORE INFORMATION PLEASE CONTACT:
    BioPower Operations Corporation
    www.green3power.com

    Investor Relations TEL: +1 954.202.6660