QuestAir Technologies Inc.

QuestAir Technologies Inc.

March 11, 2008 06:00 ET

QuestAir Signs Supply Agreement With Verdesis Suisse SA for European Biogas Market

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2008) - QuestAir Technologies Inc. (TSX:QAR)(AIM:QAR) announced today that it has signed an agreement to supply its methane purification products to Verdesis Suisse SA ("Verdesis"), a leading European supplier of integrated plants that produce renewable pipeline or vehicle fuel grade methane from biogas. The agreement, which has an initial term of four years, is non-exclusive in Europe but has special provisions in Switzerland.

Under the terms of the supply agreement, QuestAir's methane pressure swing adsorption ("PSA") systems will be integrated into Verdesis's biogas enrichment plants, which are supplied to developers and owners of projects that produce biogas from agricultural and municipal wastes or to gas utilities operating natural gas grids. To date, QuestAir has announced contracts to supply its M-3200 PSA to four Verdesis projects in Switzerland which upgrade biogas for injection into the natural gas grid.

Jonathan Wilkinson, President and CEO of QuestAir, said, "This partnership is an important part of our strategy to expand our presence in the European biogas market. Verdesis is a leader in the supply of packaged smaller-capacity biogas enrichment plants, suitable for projects on farms, organic waste digesters and waste-water treatment plants."

"Verdesis is expanding its market presence in both Germany and Austria, and given the recent subsidies that have been implemented in these markets for the production of pipeline-grade methane from biogas, we expect that these markets will be key growth markets for QuestAir," Wilkinson said.

Beat Naf, President and CEO of Verdesis, said, "The performance of QuestAir's PSA at our Widnau biogas upgrading plant has fully met our expectations, both in terms of fast start-up and operating performance. The compact design and optimized performance of QuestAir's PSA is an excellent fit with our containerized biogas upgrading plants, and the supply agreement announced today is an important part of Verdesis's growth strategy."

About QuestAir Technologies Inc.

QuestAir Technologies Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol "QAR".

About Verdesis Suisse SA

Verdesis Suisse SA designs and supplies turn-key plants for upgrading and utilization of biogas, sewage gas and landfill gas. Cleaning of biogas, the combustion of low caloric methane gases in microturbines, and biomethane plants, and upgrading biogas to natural gas quality, are the core competencies of Verdesis Suisse SA. The company is headquartered in Aarau, Switzerland. Through distribution partners Verdesis Suisse SA is also active in Austria, Spain and Portugal. In May 2008, a subsidiary in Germany will be established.

Forward Looking Statements

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.

Contact Information

  • QuestAir Technologies Inc.
    Sherry Tryssenaar
    Chief Financial Officer
    (604) 453-6902
    Canaccord Adams
    Robert Finlay
    +44 207 050 6500
    Buchanan Communications
    Charles Ryland
    UK Media Contact
    +44 (0) 20 7466 5000
    Buchanan Communications
    Ben Willey
    UK Media Contact
    +44 (0) 20 7466 5000
    Karyo Communications
    Stephen Burega
    Canadian Media Contact
    (604) 623-3007