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LifeQuest's Subsidiary Biopipe Enters into a Memorandum of Understanding To Deliver Twenty-One Biopipe Sewage Treatment Plants With a Total Capacity of 5,125m3/day (1,353,882 gallons/day)

Thursday, 18 May 2023 08:00 AM

RIDGEFIELD PARK, NJ / ACCESSWIRE / May 18, 2023 / LIFEQUEST WORLD CORP (OTC MARKETS:LQWC) is committed to providing innovative and sustainable solutions to the wastewater treatment industry. Our focus is on innovative, decentralized, and scalable wastewater treatment and reuse technologies. Through its wholly owned subsidiary, Biopipe India Private Limited, the Company is engaged in industrial (ETP) and sewage wastewater treatment (STP) markets.

LifeQuest World Corp., Thursday, May 18, 2023, Press release picture

"We are thrilled to have been awarded this opportunity to deliver 21 sewage wastewater treatment plants with total capacity of 5125 KLD," said Tanmay Pawale, CEO of Biopipe India and COO of Biopipe Global. "This is a major development for our company, and a result of tremendous effort over the past two years that were disrupted by Covid-19. This win is a testament to our capabilities and commitment to becoming a disruptor in the wastewater treatment industry. Furthermore, Biopipe stands out as an incomparable sewage wastewater treatment system. We expect to capitalize on our brand equity and successful implementation of earlier plants to continue gaining market acceptance and grow our pipeline of projects. We look forward to working with our partner, which is a major infrastructure company, to deliver these projects."

Max Khan, the CEO of Lifequest stated that, "as we move forward with this exciting opportunity, I am confident and expect to continue to gain traction in the markets we are engaged in. This is a major milestone for our company, and I am honored to work with such a talented and dedicated group of individuals. Our shareholders will undoubtedly be pleased with this development, and I look forward to sharing more details with them in the near future."

Lifequest is a leading provider of wastewater treatment solutions, specializing in the design, construction, and operation of wastewater treatment plants. Our suite of offerings includes effluent treatment plants (ETP), sewage treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for water polishing. Our flagship product, Biopipe is a 100% sludge-free, chemical-free, odor-free, silent, easy to assemble and install, scalable, low cost, ecological and low maintenance onsite sewage wastewater treatment system.
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This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be", "anticipate," "predict," "expect," "continue," "future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: political unrest in countries we operate in, Covid-19 pandemic related disruptions, shipping constraints, expatriation of invested capital, defaults, future revenues, expenditures, capital, the adequacy of the Company's current cash and working capital to fund present and planned operations, investments and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: LifeQuest World Corp.

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