HUMAN UNITEC INTERNATIONAL INC. ANNOUNCES
BINDING PURCHASE AGREEMENT FOR
THE SALE OF THE FIRST OF SIX
GRONE FACILITIES FOR
FORTY MILLION EIGHT HUNDRED THOUSAND
DOLLARS ($40,800,000)
Boston
MA -- June 11, 2020 -- InvestorsHub NewsWire -- Human
Unitec International Inc., (OTC
PINK: HMNU) (HMNU) (The Company), is an International Project
Financing, Development, and Asset Management Corporation
focused on medical and
wellness projects, renewable and recycle, alternative energy.
Website:
http://www.hmnuinc.com
In June 2016, the
Company acquired the renewable energy intellectual property for the
GRONE. The
Grone is a versatile waste sorting center that acts not only as a
recycling center, but also a power plant aimed at eliminating the need for
landfills. The modern landfill is a gross use of space and
increasingly becoming a threat to the environment. The primary
purpose of the Grone is to sort Municipal Solid Waste (metals,
glass, plastic, textiles, paper, and bulky waste). The Grone separates
each resource and allocates it to the proper recycling zone through
an assembly line consisting of a 4-stage process. The waste
is
then used as fuel
to maintain its perpetual power system. The power generated from
the system can be used to power water
desalination plants that offer fresh water to the respective
community and revenue to the entities. Since 2016, the Company has
been working with Health Target in completing the GRONE technology
for commercial deployment.
On June 11, 2020,
the Company has signed a Binding Purchase Agreement with Palladium
Investments SA, of Lugano, Switzerland to build the first GRONE
plant in Saudi Arabia.
The agreement
provides for Palladium Investments SA to pay the
Company a total
of Forty Million Eight Hundred Thousand Dollars
($40,800,000) to be paid based on the scheduled
milestones of the
construction project. The initial payment of Eleven
Million Three-Hundred Fifty
Thousand Dollars, ($11,350,000), shall be paid to the Company through
an escrow account managed by the
the law offices of
Walter Zandrini Avocat in Lugano, Switzerland. The
remaining Twenty-Six Million Euro is paid based on
construction milestones and the remaining payment on or before the
completion date, January 1, 2021.
The Company is
negotiating an offer for the
construction of the GRONE
with
CONSORZIO
LEUKOS,
Leukos of Milan Italy, is a mixed stable consortium
or construction,
engineering,
and
services consortium, founded in 2016.
The President,
Fabrizio Bosticco announced that after four years of development
and enhancement of the technology group the construction of the
Grone plants are now reality. "We look forward to this new
partnership to complete the first of the six GRONE facilities and
are negotiating with other international partners for additional
sales."
About HMNU:
HUMAN UNITEC
INTERNATIONAL, INC. (HMNU)
is a project finance, development, and asset management
corporation, focused on medical and green energy projects, trading
on Nasdaq OTC since 2009.HMNU owns and controls 100% of the assets
and intellectual property acquired from MSK KINESIS CORP. (medical
and wellness devices, exclusive commercial license for Life science natural
wellness products). 100% ENERGY SELCO SRL (Owner of large Romanian
wind energy real estate assets with licenses and permits to build
and operate up to 73 GW of wind energy).100% GRONE Technology
(Intellectual Rights to waste management technologies).
ECOSMART Technology (revolutionary device for
carbon emission reduction. The device is able to reclassify Euro1
and Euro 2 vehicles into Euro 4 and Euro 5 class vehicles and
reduce consumption of gas and diesel). Land in Tocco di Casauria (PS) with rural real estate,
classified to obtain permits and licenses to
build 3GW of wind energy. Since 2017 HMNU has been supporting the
MSK Kinesis Foundation operating with ESANGO, at the UN in New York
for the health human rights of abused women. The foundation counts
two missions in Congo and Liberia where almost 950 people have been
assisted with MSK Kinesis medical equipment.
About Palladium:
Palladium is a wholly owned
subsidiary of GROUP ILDA AG. ILDA is an global holding company
specializing in
construction and management of recycling plants, green energy,
agricultural, petroleum and energy consumer goods.
Copyright June 2020 ©
Human Unitec
International
6 LIBERTY SQUARE, #2328 BOSTON,
MA 02109
Contact: Telephone
(413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1.
www.hmnuinc.com
Forward-looking
statements
This
document contains certain forward-looking statements with respect
to the financial condition, results of operations and business of
Human Unitec International Inc., (HMNU), a startup company, and
certain of the plans and objectives of HMNU with respect to these
items. Examples of forward-looking statements include statements
made about our strategy, estimates of sales growth, future EBITA
and future developments in our organic business. Forward-looking
statements can be identified generally as those containing words
such as "anticipates", "assumes", "believes", "estimates",
"expects", "should", "will", "will likely result", "forecast",
"outlook", "projects", "may" or similar expressions. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances and there
are many factors that could cause actual results and developments
to differ materially from those expressed or implied by these
forward-looking statements.
These
factors include, but are not limited to, domestic and global
economic and business conditions, the successful implementation of
our strategy and our ability to realize the benefits of this
strategy, our ability to develop and market new products, changes
in legislation, legal claims, changes in exchange and interest
rates, changes in tax rates, pension costs and actuarial
assumptions, raw materials and employee costs, our ability to
identify and complete successful acquisitions and to integrate
those acquisitions into our business, our ability to successfully
exit certain businesses or restructure our operations, the rate of
technological changes, political, economic and other developments
in countries where HMNU operates, industry consolidation and
competition. As a result, HMNU actual future results may differ
materially from the plans, goals and expectations set forth in such
forward-looking statements.
Hman Unitec (PK) (USOTC:HMNU)
Historical Stock Chart
From Oct 2024 to Nov 2024
Hman Unitec (PK) (USOTC:HMNU)
Historical Stock Chart
From Nov 2023 to Nov 2024
