Lifequest Subsidiary, Biopipe, Receives Order to Install a 5m3/Day Sewage Wastewater Treatment Plant at a Well-Known Global Wine & Spirits Company’s Bottling Plant

Rhea-AI Summary

LIFEQUEST WORLD CORP (LQWC) subsidiary, Biopipe Global, has developed a scalable onsite sewage wastewater treatment technology. The plant, capable of treating 5m³/day, is being installed at a facility for a major wine and spirits brand. COO Tanmay Pawale expressed optimism about the project's potential, highlighting plans for additional installations at other sites. While the company has faced challenges due to Covid-19 in India, they are hopeful for future improvements. Biopipe's technology is noted for being eco-friendly and cost-effective, enhancing its appeal in the commercial sector.

Positive

• Development of a scalable sewage wastewater treatment technology.
• Successful installation at a prominent wine and spirits maker's facility.
• Potential for further installations at three additional bottling plants.

Negative

• Covid-19 has severely impacted business operations in India.

RIDGEFIELD PARK, NEW JERSEY, Sept. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIFEQUEST WORLD CORP (LQWC) subsidiary, Biopipe Global has developed the world’s only highly scalable onsite sludge and chemical free sewage wastewater treatment technology. This plant with capacity of 5m³/day (1,320 gallons per day) is being installed at a recently upgraded facility of a wine and spirits maker with a portfolio of highly desirable global luxury brands.

Tanmay Pawale, the Chief Operating Officer of Biopipe, said, “We are pleased to get this order for one of the finest makers of wine and spirits in the world. The plant has already been delivered to the site but some site-specific work remains to be done. We are on target to commission this plant by the end of this month. Once we have successfully demonstrated Biopipe’s treatment efficiencies, the client is expected to install our sewage treatment plant at three additional bottling plants. This plant for a global brand will help us to showcase Biopipe’s capabilities in the commercial sector. Covid-19 has severely impacted our business in India but we are optimistic that our key initiatives will begin to produce results in the near future.”

About Lifequest & Biopipe

Lifequest offers effluent treatment plants (ETP), sewage treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for water polishing. Biopipe, a wholly owned subsidiary, has developed a patented 100% sludge-free, chemical-free, odor-free, silent, easy to assemble and install, scalable, low cost, ecological and low maintenance-free onsite sewage wastewater treatment system.  The Abrimix ETP solution available through our joint venture is a highly efficient and cost-effective industrial wastewater treatment system that is vastly superior to Dissolved Air Floatation (DAF) and other onsite industrial wastewater treatment systems. 

www.lifequestcorp.com

https://www.biopipe.co/

Contact: tanmay@lifequestcorp.com

This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events.  Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements.  Words such as "will," "will be," "anticipate," "predict," “expect” "continue," "future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict.  Examples of such risks and uncertainties include, but are not limited to: political unrest in countries we operate in, Covid-19 pandemic related disruptions, shipping constraints, expatriation of invested capital, defaults, future revenues, expenditures, capital, the adequacy of the Company's current cash and working capital to fund present and planned operations, investments and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What is Biopipe Global's sewage treatment technology capacity?

Biopipe Global's sewage treatment technology has a capacity of 5m³/day (1,320 gallons per day).

Which company is partnering with LIFEQUEST WORLD CORP (LQWC) for wastewater treatment?

A major wine and spirits maker is partnering with LIFEQUEST WORLD CORP (LQWC) for wastewater treatment.

What challenges has LIFEQUEST WORLD CORP (LQWC) faced recently?

LIFEQUEST WORLD CORP (LQWC) has faced significant challenges due to Covid-19 impacting business in India.

What are the future plans for Biopipe Global's sewage treatment systems?

Biopipe Global plans to demonstrate its treatment efficiencies and potentially install systems at three additional bottling plants for the client.

How does Biopipe Global's technology compare to traditional systems?

Biopipe Global's technology is patented as sludge-free, chemical-free, and more efficient than traditional systems like Dissolved Air Floatation (DAF).