Lifequest Subsidiary Biopipe Global Enters Into An Exclusive Distribution Agreement With Goslyn International Ltd.
RIDGEFIELD PARK, N.J., March 18, 2020 /PRNewswire/ -- Biopipe Global, with its unique sludge and chemical free sewage treatment technology, has entered into an exclusive distribution agreement with the leader in fat, oil and grease (FOG) recovery technology, Goslyn International Ltd. The exclusivity covers India and Bangladesh where Biopipe is currently most active.
Max Khan, the President of Biopipe said, "Fat, Oil & Grease (FOG) is a major problem for any wastewater treatment system and with Goslyn, we can reduce FOG to acceptable levels. All hotels in India with 20 rooms or more must have a FOG removal system and hotels with kitchen and laundry must have a sewage treatment system. The combination is a significant value proposition for our customers. We are integrating Goslyn with Biopipe as an end to end solution. The total addressable market is huge because there are approximately 1,784,000 hotels in India and certainly a very large restaurant industry as well. We have acquired and shipped the first batch of 10 Goslyn units to India."
Doug Samuelson, the President & CEO of Goslyn US said, "Goslyn, just like Biopipe, is uniquely simple, affordable, scalable, easy to operate and maintain. We proudly call Goslyn a FOG recovery device because it creates secondary monetisation opportunity through the sale of recovered FOG to biodiesel companies. We have rolled out equipment programs with some of the largest operators within the catering and fast food industries in the US, Europe and the Far East from our International base in the United Kingdom. Results of these roll out programs have directly influenced operation overheads by reducing operational costs as well as creating a significant waste to revenue income stream in many cases."
About Lifequest & Biopipe
Lifequest (OTC: LQWC) offers both effluent treatment (ETP) and sewage treatment (STP) solutions. Biopipe, a wholly owned subsidiary, has developed a patented 100% sludge free, chemical free, odor free, silent, easy to assemble and install, scalable, low cost, ecological and virtually maintenance free sewage wastewater treatment system. The treated water exceeds EU and all local standards for discharge and can be reused for irrigation, flushing and cleaning.
www.lifequestcorp.com
www.biopipe.co
About Goslyn
The Goslyn(TM) Grease Recovery Device is designed to remove FOG (Fats, Oils, and Grease) from wastewater effluent. There are no moving parts to break and no messy, time-consuming grease traps to clean. Plus it's small footprint makes it easy to install in even the smallest prep kitchens. The Goslyn(TM) is the ideal separator for Three-Compartment Sinks, Dishwashers, Prep Sinks, Woks, and Kettles.
This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," "expect" "continue," "future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: future revenues, expenditures, capital, the adequacy of the Company's current cash and working capital to fund present and planned operations, and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Lifequest World Corp
