The Water Treatment Group is also granted a license from another company
to market an innovative and ecological technology for municipal sludge
MONTREAL, Jan. 22 /CNW Telbec/ - (All amounts are in Canadian dollars
unless otherwise indicated.) Management of GLV Inc. ("GLV" or "the Company";
ticker symbols GLV.A, GLV.B / TSX) is pleased to announce the creation of a
North American joint venture with Hong Kong-based Global Water Engineering
Limited ("Global Water Engineering") to market some of this company's
technologies, notably its anaerobic digestion processes for the treatment of
industrial wastewater and its energy production technology using the biogas
generated by the digestion of industrial organic waste. The new joint venture,
named Global Water & Energy, LLC ("GW&E"), is 70%-owned by GLV and 30% by
Global Water Engineering. GLV will invest in the start-up and development of
GW&E over the next years. In exchange, Global Water Engineering has granted
GW&E an exclusive and perpetual license to market, notably its selection of
processes for the anaerobic treatment of industrial wastewater and organic
waste, and for the conversion and handling of biogas to produce energy. GW&E
will be based in Austin (Texas) and will therefore benefit from synergies with
GLV's Water Treatment Group (Eimco Water Technologies). It will primarily
target the North American food and beverage processing industry, as well as
certain other key sectors. Further agreements could be subsequently reached to
serve various other geographic and segmented markets.
Global Water Engineering, whose owners and key staff have over 30 years
of experience in the development and marketing of biological processes for the
treatment of industrial organic wastewater, has operations in Asia and Europe.
In fact, Global Water Engineering is one of the world's top players in this
growing niche of the global market for green and renewable energy. It has
hundreds of installed customer facilities worldwide, including more than 50
biogas-fuelled steam and power facilities.
GLV's President and Chief Operating Officer Richard Verreault says he is
very pleased with this strategic initiative as it meets one of the primary
objectives of GLV's Water Treatment Group, which is to increase its presence
and revenue streams in the industrial water and wastewater treatment segment,
and more particularly in the food and beverage processing segment. In
addition, the new joint venture provides GLV with economical and low-risk
access to the renewable biomass power generation niche. "This market niche
holds significant growth potential for several reasons, including the will
expressed by the new U.S. government to facilitate the development of
alternative sources of green energy, the growing economic and ecological
challenges associated with the disposal of industrial waste, and the carbon
credit markets emerging worldwide."
Furthermore, GLV's Water Treatment Group announces it has been granted
the exclusive license for the U.S. and Canadian municipal sludge treatment
market to sell and distribute the advanced digester sludge mixing technology
developed by the company Enersave Fluid Mixers Inc. ("Enersave").
This technology is employed in the process tanks used to mix and
stabilize the solids generated by wastewater treatment systems prior to their
safe storage or disposal. Its innovative vertical linear motion mixing
technology not only provides homogeneous mixing - making it one of the most
environmentally-friendly sludge mixing solutions on the market - but also
requires up to 80% less power than conventional processes. Adding this
economical, ecological and user-friendly technology to GLV's product offering
will help its Water Treatment Group grow its market share of the North
American municipal market.
"The business agreements we have just signed with Global Water
Engineering and Enersave both enable us to integrate cutting-edge technologies
that are complementary to those of our Water Treatment Group. Combined with
our other products, especially submerged membrane (MBR) bioreactors, the
access to these innovative technologies will reinforce our strategy of
providing our industrial and municipal customers with comprehensive and
high-performance solutions for effluent treatment, recycling and reuse,"
concluded Richard Verreault.
About GLV Inc.
GLV Inc. is a leading global provider of technological solutions used in
water treatment and pulp and paper production. Its Water Treatment Group (also
known worldwide as "Eimco Water Technologies") specializes in the design and
international marketing of solutions for the treatment and recycling of
municipal and industrial wastewater and water used in various industrial
processes. It also offers water intake screening solutions for power stations
and desalination plants. With its extensive technological portfolio, the group
is positioned to provide comprehensive solutions for the filtration,
clarification, treatment and purification of water that will either be
returned into the environment, or be re-used in various industrial processes
or for domestic purposes. Its Pulp and Paper Group specializes in the design
and global marketing of equipment and systems used in various stages of pulp
and paper production, notably chemical pulping, pulp preparation and sheet
formation and finishing. This group ranks among the foremost players in its
industry and is a recognized leader in rebuilding, upgrading and optimization
services for existing equipment, as well as the sale of spare parts. GLV is
present in some 30 countries and approximately 1,700 employees.
For further information:
For further information: Marc Barbeau, CA, Executive Vice-President and
Chief Financial Officer, (514) 284-2224, email@example.com, www.glv.com