PowerHouse signs wastewater sector agreement
30 August 2011
PowerHouse Energy Group plc
("PowerHouse", the "Group" or the "Company")
PowerHouse Signs a Strategic Distribution Agreement to Exploit
Opportunities in the Wastewater Sector
PowerHouse Energy Group plc (AIM: PHE), an alternative energy company specialising in the manufacture and sale of zero emission waste-to-energy equipment systems, announces that its wholly-owned subsidiary, PowerHouse Energy Inc., has signed a strategic distribution agreement with M2 Renewables ("M2R"). The agreement enables PowerHouse to optimise its access to a niche sub-sector of wastewater and is for an anticipated requirement of ten waste to energy Pyromex reactor units, over the next three years.
The agreement grants M2R exclusive rights to distribute and sell the Pyromex AG Ultra High Temperature Gasifier (UHTG) for use in PowerHouse Energy Inc's wastewater market sector for applications of 50 ton/day or less. Following the execution of the agreement, M2R has submitted a deposit of $50,000 for the reservation of the first 5 tpd UHTG system to be manufactured by PowerHouse. M2R will market and sell 5 and 25 tpd, fully integrated systems which will include wastewater solids screening and de-watering, solids handling, drying, thermal conversion, syngas quench and cleanup, methanation and electrical generation.
M2R completed two full rounds of wastewater solids testing in Munich during 2010, confirming the operational simplicity and effectiveness of the Pyromex reactor and defining performance characteristics, syngas quality and critical design parameters.
David Moard, CEO of PowerHouse Energy Inc. commented:
"We are very pleased to formalise our working relationship with M2R, a progressive company that is re-defining efficient, cost effective and sustainable wastewater treatment. PowerHouse Energy's zero-emissions Pyromex reactor is a perfect complement to M2R's technology offering. We look forward to working with M2R to help wastewater treatment owners achieve a greater measure of energy independence."
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For additional information please contact:
PowerHouse Energy Group plc
Ross Lyndon-James
Ph: +44 (0) 20 7887 1362
Pelham Bell Pottinger
Nick Lambert / Jenny Renton
+44 (0) 20 7861 3232
Notes to Editors:
· PowerHouse Energy Inc is a wholly owned subsidiary of PowerHouse Energy Group plc.
· PowerHouse Energy Group plc is a leading provider of economically proven, on-site, clean energy systems that use traditional and renewable forms of fuel to generate electric and thermal energy in an environmentally responsible way
· PowerHouse offers a complete turnkey waste/biomass to energy equipment solution either by: direct sale or energy supply under long term power purchase agreements
· PowerHouse's shares trade on the Alternative Investment Market under the ticker (PHE)
· M2 Renewables (M2R) is US based company that specializes in the treatment of domestic wastewater and the conversion of captured organic solids into useable forms of energy. The M2R system uses less space, consumes less power, and requires less human resources to operate while converting the solids removed from wastewater into renewable electricity
· M2R has Title 22 certified scalable system that allows clients to deploy for the size needed while allowing growth to meet increasing demand, dramatically improving carbon footprint when compared to conventional treatment plants
· M2R offers its treatment process and energy conversion system to municipalities, wastewater treatment authorities, governmental agencies and developers
This information is provided by RNS
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