Micron Waste Technologies Inc. Enters into MoU with T&T Supermarket
November 20 2017 - 8:30AM
Micron Waste Technologies Inc. (the “
Company”)
(CSE:MWM) (OTC:MICWF) (Frankfurt:7FM2), a leading developer of
proprietary digester solutions for the treatment of food and other
organic waste, is pleased to announce that it has signed a
Memorandum of Understanding (“MoU”) with T&T Supermarkets Inc.
(“T&T”), whereby both parties will work together to explore
additional installations of the Micron Organic Waste Digester™ at
T&T Supermarkets. T&T Supermarkets is the largest chain of
specialist Asian supermarkets in Canada, and is rapidly expanding.
In 2016, Micron commenced with a demonstration project with
T&T, in which Micron successfully operated an on-site digester
system to treat the organic waste generated by the supermarket.
Previously, the supermarket relied on daily disposal to landfill, a
very costly solution, in part due to the high frequency of service
required and associated landfill costs.
The project was successfully completed, proving the ease of use,
efficiency and cost saving potential in a real-life setting of
Micron’s solution. The Company's technology enables the complete
digestion of organic waste. The remaining effluent is clean and
meets all standards for subsequent discharge into the municipal
sewage system, resulting in significant cost savings.
Micron and T&T have now signed an MoU, pursuant to which
both parties will work together to review additional locations for
installing and operating the commercial version of the Micron
Organic Waste Digester in British Columbia. Commercial terms for
the Micron Organic Waste Digester will include a monthly lease,
charge for quantity of waste handled and servicing fees. The
Companies anticipate completing additional store installation
agreements in the coming months.
“This is an extremely exciting moment in our development,” said
Rav Mlait, CEO of Micron. “This MOU represents very significant
growth potential for Micron. Furthermore, having validated the
operational benefits of our technology, we are now in a very strong
position to accelerate discussions with multiple supermarket
chains. Beyond that, we intend to expand into other sectors
looking to improve the operational and cost efficiencies of their
organic matter disposal, such as the cannabis and quick-serve food
markets.”
Herman Poon, Senior Administration Manager at T&T in
Richmond, BC added, “When we saw the potential of the configurable
effluent processor we agreed to have the first demonstration unit
of the Micron Waste Digester Operating at our Richmond
headquarters. The system went online in December 2016 and we are
very pleased with its ability to turn our organic waste on-site
into an environmentally friendly liquid form. This certainly gives
us a strong case for rolling out additional units in the
future.”
Current commercial food waste digesters have a waste digestion
efficiency of 60 – 65% which means that 35 – 40% of food waste
remains undigested and is discharged into grey-water, requiring
further treatment. Micron has developed a patent-pending technology
to manage food waste on-site, converting it into clean water. The
Company`s food digester has micro-oxygen cubicles (“MOC”)
technology to enhance aerobic digestion up to 95%. The remaining 5%
of undigested food particles are further treated by Micron`s
patented technology, resulting in clean water.
Operational Infrastructure
ExpansionAdditionally, Micron announces that the Company
has entered into a lease agreement for a facility located in the
Tilbury area of Delta, BC for manufacturing, warehousing and
distribution for its Micron Organic Waste Digester system.
About Micron Waste Technologies Inc.Micron
Waste Technologies Inc is a well funded technology company. The
Company’s food and other organic waste system is designed to manage
food and other organic waste on-site, converting it into clean
water. The Company’s aerobic digester has MOC technology to enhance
the digestion efficiency of microorganisms by up to 95%, with the
remaining 5% of undigested particles undergoing further treatment,
resulting in clean water effluent that meets municipal effluent
discharge standards. Micron’s technology is an ideal solution to
handle food and other organic waste on-site in view of the drive
for further cost efficiencies, as well as ever stricter legislation
being implemented to prohibit food and other organic waste from
entering landfill sites around the world. Please visit our website
at www.micronwaste.com for further information. Micron is a public
company with listings on the CSE: MWM, OTC: MICWF, and in
Frankfurt: 7FM2.
About T&T SupermarketsT&T Supermarkets
is the largest Asian supermarket chain in Canada, operating stores
in British Columbia, Alberta, and Ontario. T&T Supermarkets was
founded in Vancouver in 1993 and is headquartered in Richmond, BC,
with offices in Toronto. T&T is part of Loblaw Companies
Ltd, which purchased T&T in July 2009.
On Behalf of The BoardRav
MlaitChief Executive Officer and Director
For further information contact:
Investor
Relations+1.844.318.8216info@micronwaste.comwww.micronwaste.com
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responsibility for the adequacy or accuracy of this
release
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forward-looking information contained in this press release is made
as of the date of this press release and, except as required by
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