Lifequest Subsidiary, Biopipe, Successfully Demonstrates the Treatment and Reuse of Sewage Wastewater for the Third Largest Municipality in Turkey and Enters Into Commercial Discussions

Rhea-AI Summary

Lifequest World Corp's (LQWC) subsidiary, Biopipe Global, has successfully developed a scalable onsite sewage wastewater treatment technology. A 30m³ plant is operational in Izmir, producing water suitable for irrigation while exceeding discharge standards. CEO Enes Kutluca highlighted Turkey's water challenges and municipalities' increasing demand for effective treatment solutions. The Izmir municipality praises Biopipe's efficiency and has identified 80 potential installation sites. Future plans include a Build Own Transfer model, aiming to expand Biopipe's reach across Turkey, emphasizing both environmental and economic benefits.

Positive

• Successful installation of a 30m³ Biopipe plant in Izmir, demonstrating effective sewage treatment.
• Plant exceeds discharge standards and produces reusable water for irrigation.
• Strong interest from Izmir municipality, with potential for 80 additional sites identified.
• Plans for a Build Own Transfer model with 10-15 year concessions highlight future revenue opportunities.

Negative

• None.

RIDGEFIELD PARK, NEW JERSEY, July 28, 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. The Company installed a 30m³ (7,900 gallons)/day Biopipe plant at a large sewage wastewater treatment facility in Izmir and successfully demonstrated that the plant can not only exceed the discharge standards, but also produce water that can be reused for irrigation. The plant has been running for well over three months and all independent tests were carried out by the municipality.

Mr. Enes Kutluca, CEO, said, "Turkey is already water stressed and more recently, the entire world witnessed the spread of sea snot in the Sea of Marmara due to dumping of wastewater into the sea. In Istanbul more than 70% of the wastewater dumped into the sea is only pre-treated or untreated. Municipalities are under pressure to recycle and reuse at least 5% of their wastewater and are increasingly looking to efficient onsite treatment solutions and are generally unhappy with current packaged treatment systems. We began working with Izmir municipality earlier this year and they are extremely pleased and surprised at the treatment efficiencies we have achieved and the potential reuse of treated wastewater for irrigation. We are working to further augment our treatment process so the treated water can be discharged into the sea. The municipality has identified at least 80 potential sites where Biopipe can be installed and we are now working on a Build Own Transfer (BOT) model with 10 to 15 year concession period. Considering the fact that the Municipality currently pays $0.66/m3 for water, we can clearly demonstrate not only the environmental benefits but also net savings from a Biopipe plant. Our goal is to eventually take our solution to all other municipalities in Turkey. This is a major stepping stone for us in Turkey.”

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: info@biopipe.co

              info@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, 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.

Attachment

• LQWC

FAQ

What is Lifequest World Corp's recent development in wastewater treatment?

Lifequest World Corp's subsidiary, Biopipe Global, has developed a scalable onsite sewage wastewater treatment technology that is now operational in Izmir.

How does Biopipe's technology impact wastewater management in Turkey?

Biopipe's technology provides an effective solution for Turkey's growing wastewater treatment needs, producing water suitable for irrigation and exceeding discharge standards.

What are the economic benefits of Biopipe's wastewater treatment system?

The system offers potential net savings for municipalities, as noted by Izmir's current payment of $0.66/m3 for water.

How many additional sites for Biopipe installations have been identified?

The Izmir municipality has identified at least 80 potential sites for future Biopipe installations.

What is the goal for Biopipe's operations in Turkey?

Biopipe aims to expand its wastewater treatment solutions across all municipalities in Turkey.