BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

May 11, 2009 08:30 ET

BioteQ's China Plant Ramps up Production Ahead of Schedule-Dexing Plant Now Operating at Maximum Capacity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of industrial waste water, announced today that its Dexing operation in China is operating at maximum design capacity, achieving this milestone well ahead of schedule.

The Dexing operation is BioteQ's largest water treatment plant, operating at one of the world's largest copper mine sites. The plant has been designed to recover 3.6 million pounds of copper per year, treating 1,000 cubic meters of water per hour. In early May, the plant reached the maximum design capacity, recovering almost 11,000 pounds of copper per day, treating a flow that exceeded 1,000 cubic meters per hour.

The plant was originally scheduled to gradually ramp up to full design capacity over several years, as new sources of water became available at the site. However, high seasonal rainfall, combined with improvements in the management of acid mine water at the Dexing Mine, has accelerated this schedule and enabled BioteQ to demonstrate the full scale operation of the plant. BioteQ expects that the increase in water will be seasonal, depending on variations in precipitation at the site. The plant is estimated to recover 1.3 million pounds of copper in 2009, and is presently on track to meet this estimate. In the first four months of the year, the plant recovered 436,000 pounds of copper. BioteQ shares the revenues and costs of the plant with its joint venture partner, Jiangxi Copper Company.

David Kratochvil, BioteQ's President and Chief Operating Officer stated, "We are very pleased that the Dexing operation has reached its design capacity ahead of schedule. The strong performance of the plant is a credit to our excellent operations staff and our project partner, Jiangxi Copper Company. We are confident that our technology and operating expertise will continue to deliver solid results in China."

BioteQ Corporate Profile

BioteQ is an industrial water treatment company that applies innovative technologies to solve complex water problems, reducing environmental liabilities while generating revenue from wastewater. 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 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