"Management is excited at the opportunity that this strategic investor brings for the Company", said Derek S. Webb, President and CEO. "Access to international markets has historically provided options for growth, and this transaction now provides us with greater access to China, the largest environmental opportunity available".
"The TUS Holdings Group (headquartered in Beijing) represents a diverse set of companies engaged in the water, wastewater, solid waste and renewable energy sectors, with approximately $30B in assets. Their brand for quality, reliability and innovation will have a positive impact on our ability to further penetrate the Chinese and Asian markets and leads to tremendous opportunity for accelerated growth in 2017."
Mr. Bernardo Llovera, representing the Clean Technology Funds I and II has resigned from the board of directors. Mr. Llovera has been a board member of Biorem for over twelve years. His dedicated service and unrelenting support has been instrumental in shaping and expanding the company into the multinational leader in air pollution control of today. The board and management express sincere appreciation for his enthusiastic and collegial contributions.
As of January 18, 2017, Ms. Sandy Ding and Mr. Qing Zhao of Tus Holdings Group have been appointed as directors of the Corporation.
About BIOREM Inc.
BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and more than 1000 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.
SOURCE Biorem Inc.