LAS VEGAS, NV--(Marketwire - 12/22/09) - QUADRA PROJECTS INC. ("Quadra" or the "Company"), its stock quoted on the OTC BB under the trading symbol (OTC.BB:QPRJ - News), announced that it is in the final stages of completing a long term supply agreement for waste tires for its proposed waste tire plant in the US. Negotiations are expected to be concluded with a 20 year fixed supply agreement.
The Supplier's President advised that the Supplier has access of up to 1,200 Tons of waste tires per day in the South Eastern part of the US which will be available for future expansion of the existing plant or the construction of new plants. He also indicated that the Company may acquire access up to 5,000 Tons per day of Crumb Rubber.
Each of the proposed future plants will be able to process a minimum of 150 Tons per day of waste tires which will generate revenues in excess of $30,000,000 per plant per year. The securing of the long term supply of waste tires or crumb rubber is fundamental for the long range development of the Company and securing of financing for the construction of the Plants.
Management of the Company is of the opinion that the patented QES2000 System is the most advanced pyrolysis and gasification system in the world, specifically designed to convert all organic waste such as palm husks (including used tires, plastic waste and municipal waste, etc.) to valuable by-products such as N220 carbon black, biochar fertilizer, and/or fuel oil or fuel gas for the production of electrical power, without any measurable environmental pollution or ash to be land filled. The QES2000 System is designed to meet the Global challenges of the 21st Century wherein natural resources are being exhausted, the petroleum industry is unstable and uncertain in terms of cost and supply and the world is seeing a degradation of the Global environment.
Because of the affordability of the QES2000 System, and the creation of significant revenue streams from the by-products, the return on investment is much greater than other competitive systems.
About QUADRA PROJECTS INC.
QUADRA PROJECTS INC. intends on becoming a leading green energy company focusing on environmentally friendly opportunities focusing on its leading waste to energy technology and other green industry opportunities existing world-wide.
Forward Looking Statements:
THIS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS CONCERNING QUADRA'S OPERATIONS, ECONOMIC PERFORMANCE AND FINANCIAL CONDITION. THESE STATEMENTS ARE BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES, WHICH ARE INHERENTLY SUBJECT TO UNCERTAINTIES AND CONTINGENCIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY, AND REFLECT FUTURE BUSINESS DECISIONS, WHICH ARE SUBJECT TO CHANGE. SOME OF THESE ASSUMPTIONS MAY NOT MATERIALIZE, AND UNANTICIPATED EVENTS WILL OCCUR WHICH CAN AFFECT THE COMPANY'S RESULTS.
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