Cielo Announces Another Large Purchase Order and Exclusive Market Rights Granted for Australia
May 26, 2014 (Source: Accesswire) — Cielo Waste Solutions Corp. (“Cielo” or the “Company”) is pleased to announce that Cielo has entered into an agreement for exclusive rights of its Waste To Fuel refining technology to Emerald Green Energy Pty Ltd (“Emerald”) of Perth, Australia. The agreement is effective from May 20, 2014 and will provide a market and sell Cielo’s products.
Clive Ross, President of Emerald stated “we are excited to be able to work with the team at Cielo to help Australians reduce landfill waste by refining it into a renewable synthetic diesel. The solution that Cielo provides complements our current solutions and will allow us to offer our clients a cost effective way to produce high quality synthetic diesel.”
Don Allan, President of Cielo stated “we have spent many months working on this strategic relationship with Emerald, and believe Emerald will represent Cielo in Australia with the professionalism and integrity we expect from our licensors”.
The Company is also reporting that the Honorable Jim Peterson has been nominated to be elected to the Board of Directors, subject to regulatory and shareholder approval at the upcoming Annual General Meeting on May 30th, 2014. Mr Peterson, who is counsel at Fasken Martineau DuMoulin LLP, has had a distinguished career both as a legal scholar, teacher, and as a practioner of international and business law. He was also a consultant for the United Nations Industrial Development Organization and has extensive knowledge and first-hand experience in government affairs, having served in the Government of Canada as a Minister of International Trade Secretary of State (International Financial Institutions), and Chair of the House of Commons Standing Committee on Finance.
The Board of Directors of Cielo has accepted the resignation of the Honorable Doug Lewis as a member of the Board of Directors of Cielo, effective May 22, 2014. The Board of Directors would like to thank Mr. Lewis for his contribution to the Company during his tenure.
Cielo has received another purchase order in the amount of $13 million for the supply of one commercial 700 liters per hour refinery in combination with a waste processing line. The purchase order is subject to certain conditions including the completion of the commercial 200 liter per hour plant, for further details of the transaction, please call the below contacts.
About Emerald Green Energy Pty Ltd.
Emerald, together with their partner companies, provides a range of premium equipment, as well as engineering solutions and support for their clients focusing on a positive effect on process improvements and the environment.
This ranges from improvement of industrial process, reducing emissions or capturing CO2, through unique scrubbing equipment, providing a purpose built and designed metal separation recycling plant. Emerald’s equipment and solutions have been used in manufacturing, oil and gas, and mining industries.
About Cielo Waste Solutions Corp.:
Cielo specialize in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel. Cielo provides solutions for responsible waste management while also providing value added opportunities.
On Behalf of the Board of Directors
Chief Executive Officer
Certain statements contained in this release may constitute “forward-looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Raj Shah has been a member of the InvestorIntel.com team for the last nearly 9 years. Recruited from Merrill Lynch, he has over 13 years’ ... <Read more about Raj Shah>