ADB International Group Licensed Technology Selected for Large Commercial Wastewater Purification Project in China
SAN ANTONIO, July 29, 2013 /PRNewswire/ -- ADB International Group, Inc. (OTCQB: ADBI),a licensee and distributor of advanced water treatment systems manufactured by Treatec21 Industries Ltd., announced today that an agreement has been signed between Treatec21 and Shunde Dowell Technological and Environmental Engineering Co. Ltd., to utilize Treatec21's proprietary industrial wastewater purification technology in Guangdong, China.
Treatec21, a wholly-owned subsidiary of YAAD Industrial, listed on the Tel Aviv Stock Exchange, has an established presence in the water treatment industry as a manufacturer and operator of advanced water and wastewater treatment systems using state-of-the-art Multi-Stage Biological Treatment (MSBT) technology, which results in no surplus of organic sludge. With major customers throughout Israel and Europe, Treatec21 has informed the Company that with its new China agreement and other agreements being negotiated, Treatec21 will have major customers in Asia, India and Africa.
The Treatec21 agreement with Shunde Dowell provides for the use of Treatec21's advanced technology to purify 4,900 cubic meters of water per day. Treatec21 has commenced installation of its water treatment system and expects the project to be fully commercial in the near future.
Treatec21 recently appointed the Company as the exclusive distributor of Treatec21 water treatment systems and technology in Australia and New Zealand and has granted the Company distribution rights to all of North America on a non-exclusive basis.
"The completion and commercialization of Treatec21's Guangdong province project in China is vital for ADB International and will become our main reference point to create new opportunities in Australia, New Zealand and the South Pacific region," said Tal Yoresh, Regional Sales and Marketing Director for ADB International. "A facility of this scale, that can purify such a large, daily, cubic meter volume, provides an impressive commercial prototype for many potential customers in our region." The Company firmly believes that this commercial prototype will also present very significant commercial opportunities in the major markets throughout North America.
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. ADBI International Group public filings may be viewed at www.sec.gov.
Shahar Ginsberg -CEO
SOURCE ADB International Group, Inc.