Virotec International Ld
14 December 2001
14 December 2001
VIROTEC INTERNATIONAL LTD ('VIROTEC') SIGNS MEMORANDUM OF UNDERSTANDING ('MOU')
FOR EUROPEAN PROJECT WORK
Virotec (ASX/AIM: VTI) has signed a memorandum of understanding with
Montgomery Watson Harza sa/nv ('MWH'), which is based in Brussels, Belgium.
MWH is an international civil and environmental engineering consultancy, which
has a particular focus on mining, water management, and sanitation services
Virotec and MWH, via this agreement, will jointly identify and develop
business opportunities in Eastern and Western Europe which require Virotec's
geochemical and related industrial services. Both companies will co-operate
initially on a non-exclusive basis, focusing on France, Belgium, Bulgaria and
Romania and a possible exclusive arrangement will be reviewed in during 2002.
Opportunities will be sought in all industry sectors generating waste streams
with heavy metals or landfills containing metals contaminated waste, and
projects for remediation of surface and groundwater pollution with metals.
Brian Sheeran, Executive Chairman of Virotec commented:
'This is another important agreement for Virotec as our Bauxsol(TM)Technology
will be marketed by MWH's through its existing client base where it is
appropriate. If a client seeks to implement our technology, MWH will manage
the implementation, with Virotec supplying technical support and product
supply. We look forward to working with such a well-established and respected
Company and I look forward to reporting further progress'.
Notes to editors
Bauxsol(TM) Technology is a fast and cost-effective green technology. Derived
from a by-product of aluminium mining, it simultaneously neutralises acid and
extracts heavy metals from contaminated water and soils.
For further information regarding Virotec, the global environmental
remediation company, go to www.virotec.com.
For further information regarding MWH, go to www.mwhglobal.com .
Virotec Press Enquiries:
Virotec International Ltd Tel: 617 5530 8014
Melissa Toomey, SPIN Business Solutions Tel: 617 3251 8111
David Youngman, W. H. Ireland Ltd Tel: 0161 832 6644
Shane Dolan/ James Benjamin, Biddicks Tel: 020 7448 1000