LifeQuest World Corp (OTC:LQWC) Stock Consolidates After Recent News
This morning, investors are naturally going to be looking into those companies that may have come into focus in a big way on Wednesday, and one such company is LifeQuest World Corp. (OTC:LQWC). The company is involved with the circular economy pertaining to water. It offers scalable, decentralized, and innovative wastewater treatment and reuse technologies that are meant for institutional, industrial, and municipal clients.
Additionally, the company is also involved in industrial and sewage water treatment spaces through its fully owned subsidiary unit, Biopipe Global. On Wednesday, it emerged that Biopipe had managed to bag an order for a 200000-liter sludge-free sewage wastewater treatment plant.
The Chief Executive Officer of Biopipe Global, Enes Kutluca, spoke about the development as well. He noted that it was the first order that had been placed by the company’s latest channel partner. More importantly, Kutluca noted that once the plant was successfully commissioned and installed, there was an expectation of more orders. The unique thing about Biopipe is that the company is differentiated from its competitors through both space and energy savings.
Additionally, it is also known for high-quality water treatment with no odor or sludge. The sewage water treatment provided by the company also allowed its institutional client to use the available space efficiently and not look for other systems with higher operational costs. The CEO of Biopipe went on to add that the company would be aiming to deliver the plan by the end of 2023.
On August 15, LifeQuest World Corp. revealed that its subsidiary unit Biopipe had managed to complete the first commercial sale in Ethiopia. The sale was for a 100-m3/day biopipe sewage wastewater treatment plant. At the time, the Chief Executive Officer of LifeQuest World, Corp. Max Khan, spoke about the significant milestone as well.
He noted that everyone at the company was thrilled at the fact that the subsidiary had been successful in completing the first commercial sale of its flagship Biopipe sewage wastewater treatment system. The 100 M3 plant system, which worked out to 26000 gallons a day, was going to be installed at the national university of the African nation, he noted, asserting that it was going to demonstrate the efficiency of the Biopipe system.
Khan stated that the system had been sold in exchange for an irrevocable letter of credit and had been settled in favor of the company. The system had arrived in Ethiopia at the time of the announcement, and the company expected to commission and install the system at some point in the near term. Khan also asserted that despite the less-than-gratifying headlines from time to time, Ethiopia had been experiencing a normalization of growth. He added that the construction sector was booming, and that had led to the creation of a significant market for decentralized wastewater treatment systems like the ones offered by Biopipe. He concluded by stating that the Ministry of Water and Energy had also provided Biopipe with all the relevant approvals.
