LAS VEGAS, NV--(Marketwire - 01/14/10) - QUADRA PROJECTS INC. ("Quadra" or the "Company") (OTC.BB:QPRJ - News) is pleased to announce that after demonstration of its QES Utility Unit in Beijing during the first week of March 2010, the Unit will be moved to Dalian where the technology will be demonstrated for Regional Environmental Authorities and Dalian Regional Regulatory Officials. In earlier meetings with senior representatives of the Company these Officials stated that they would assist in the establishment of the Company's assembly plant facilities in the Dalian - Jinzhou High Technology Park by providing land, favorable tax treatment, together with ensuring that an adequate supply of feedstock would be available for the Company's proposed used tire and MSW processing plants.
The Company's joint venture partner, Richbay Holdings Limited, will co-host the demonstration, and has advised that the purpose of the demonstration is to confirm viability of the QES Technology, with the objective of securing participation of Richbay's Japanese partner with distribution in Japan. Important Japanese dignitaries and regulatory Officials will also be invited to attend.
Their endorsement could lead to significant sales in Japan, where Municipal Solid Waste (MSW) is a major problem and tipping fees as high as $200 per metric ton are paid for the treatment of MSW. Currently the problems are so significant in Japan that much of the MSW is shipped abroad.
Richbay's President, Hansen Zhang, has advised that Richbay's partner in Japan is very enthused about the possibility of bringing this leading edge green technology to Japan where it could solve one of the most immediate environmental problems faced by that country and generate multi-million dollar sales as well as joint venture revenue sharing opportunities.
Further, several of the Company's prospective international customers, who have anxiously awaited the opportunity to view the demonstration of the QES Technology, will be invited to attend.
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 sale of 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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