Clean TeQ Water Signs Additional Breakthrough Contract with Multotec in Africa
29 January, 2018
Mr Robert Friedland and Mr Jiang Zhaobai, Co-Chairmen of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ:ASX; CLQ:TSX; CTEQF:OTCQX), and Mr Sam Riggall, Chief Executive Officer, today announced that Clean TeQ, through its wholly owned subsidiary Clean TeQ Water Pty Ltd, has entered into an agreement to design, supply and commission a metals processing plant using Clean TeQ’s proprietary Continuous Ion Exchange processing technology. The project, with an overall value in excess of A$2 million, confirms the rapidly increasing global interest in the application of Clean TeQ’s Continuous Ion Exchange technology for metallurgical processing and water purification. CEO Sam Riggall commented, “Clean TeQ is making excellent progress in commercializing our suite of mineral processing and water purification technologies. We are delighted to have been selected to provide this solution, which we expect will offer another valuable reference for the efficacy and cost effectiveness of our processes. The potential market for our technology is enormous – this is only the beginning.”
The plant is to be installed at a metals processing plant in the Democratic Republic of Congo. The project is being delivered to Clean TeQ’s South African based partner Multotec Process Equipment (Pty) Limited (Multotec). Multotec is a leading provider of high-quality mineral processing equipment and solutions to the mining, mineral processing, petrochemical and power generation industries. Clean TeQ has an exclusive Technology Distribution Agreement with Multotec for the African continent. The Technology Distribution Agreement establishes the commercial framework under which Clean TeQ will sell its technology products and services to Multotec so that Multotec can act as exclusive distributor for Clean TeQ in all countries in the continent of Africa. The Distribution Agreement provides Clean TeQ with the ability to leverage Multotec’s strong established presence and extensive sales and service network in the global mineral processing industry. For further details regarding the Multotec Technology Distribution Agreement, see the ASX announcement of 24 May 2017.
In the project, Clean TeQ will use its Continuous Resin-In-Column (cLX) Ion Exchange technology to treat up to 20 million litres-per-day of a raffinate stream, removing contaminant metals and improving the quality and environmental rank of the raffinate, prior to further processing.