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Lifequest World Corp. Subsidiary Biopipe Global Corp. Enters Into 50-50 Joint Venture With Biotech Innovations Of Bangladesh

Lifequest World Corp
2019-07-15 20:00 6835

RIDGEFIELD PARK, New Jersey, July 15, 2019 /PRNewswire/ -- Biopipe Global Corp., a wholly-owned subsidiary of Lifequest World Corp. (OTC: "LQWC") has entered into a 50-50 joint venture with BioTech Innovations of Bangladesh. Bangladesh represents a huge opportunity for our patented onsite 100% sludge free, silent and odor free sewage wastewater treatment system. According to the 2017 United Nations World Water Development Report, Bangladesh treats only 17 percent of its wastewater.

Mr. Md. Manzur Morshed, President, CEO of BioTech Innovations said, "1.16 million cubic meters per day of sewage in capital Dhaka alone is dumped into the rivers, according to Bangladesh Institute of Planners. This alone represents a massive opportunity. With a Biopipe plant running for nearly 2 years at the Justice Complex, we have successfully demonstrated the unique capability of the system. 100m3/day of sewage and grey water goes in and 100m3/day of reusable water comes out. We are about to install another plant at Bangladesh Government Secretary's complex with 108m3/day capacity and have a robust pipeline of government and commercial projects". We are absolutely excited about our partnership and the Biopipe system speaks for itself."  

Enes Kutluca, the CEO of Biopipe said, "We have an opportunity to engineer a paradigm shift in the way sewage wastewater is treated in Bangladesh and emerging countries in general. The social and environmental impact matters to us and with Biotech Innovation we will certainly accomplish that in Bangladesh."  

About Biopipe

Biopipe, a wholly owned subsidiary of Lifequest is the 1st patented and world's only sludge free decentralized (onsite) wastewater treatment system. Biopipe is 100% sludge free, odor free, silent, easy to assemble and install, scalable, low cost, ecological and virtually maintenance free (if 1000 liters of sewage wastewater goes in, 1000 liters of clean water is discharged). The treated water is clean enough to exceed EU Standards for discharge and reuse. The entire treatment takes place within a series of pipes and the only output is clean water that is reused for irrigation and cleaning. 

www.biopipe.co
www.lifequestcorp.com

About BioTech Innovations

BioTech Innovations based in Dhaka, Bangladesh is engaged in introducing cost effective disruptive technologies/products through foreign partnerships to solve multiple socio-environmental issues that involve water, energy, air, and sewage in Bangladesh. As Bangladesh aims to become a middle-income country by 2021, the Government is determined to improve the environmental indicators. BioTech Innovations believes the most effective way to help Bangladesh achieve its environmental goals is by partnering and introducing disruptive technologies through its vast global network established across three continents. 

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: future revenues, expenditures, capital or other funding requirements, the adequacy of the Company's current cash and working capital to fund present and planned operations and financing needs, and the growth of the Company's business and operations through acquisitions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent current Disclosure Statements available at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause their views and expectations to change. The Company assumes no obligation, and they specifically disclaim 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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