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MONTREAL, May 9, 2018 /CNW Telbec/ - Ecolomondo
Corporation (TSX-V: ECM) (the "Company" or "Ecolomondo") is
pleased to announce that it has achieved a major technological
breakthrough in process filtration and reactor evacuation.
This important technological advancement allows Ecolomondo's
thermal decomposition platform to substantially increase reactor
payloads, reduce cycle times and improve process safety by lowering
reactor operating pressure and reducing the pressure drop between
the reactor, reactor evacuation and condensation phases.
It is expected that this process advancement will enable
Ecolomondo's TDP Turnkey Facilities to increase production capacity
by as much as 30%, without further increase in capital cost. It
will further allow TDP Turnkey Facilities to increase revenues and
help reduce their operating costs per pound of waste processed.
Ecolomondo believes that this advancement is an important
milestone that should bring additional customer interest to TDP
Turnkey Facilities because of their expected higher Return on
Investment ("ROI") to investors.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is
commercializing its waste-to-products technology. The Thermal
Decomposition Process ("TDP") converts hydrocarbon waste
into marketable commodity end-products, namely carbon black
substitute, oil, gas and steel. Technologies such as Ecolomondo's
are expected to play an important role in resource recovery
critical to future sustainability.
Management believes that technological breakthroughs in areas of
emissions, process optimization, automation, end-product processing
and safety, position Ecolomondo to become an industry leader.
The Company's main revenues will come from the sale of TDP
turnkey facilities and royalties from their operations. TDP
facilities will generate revenues from the sale of end-products,
tipping fees and carbon credits. Ecolomondo's first focus is to
market TDP turnkey facilities that use scrap tires as a feedstock,
because scrap tires yield end-products with a higher commercial
value, especially the recycled carbon black.
www.ecolomondo.com
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Although Ecolomondo
believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, Ecolomondo disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Ecolomondo Corp