VANCOUVER, BC, Canada, June 3, 2010 -- BioteQ Environmental Technologies Inc., a leader in the treatment of industrial wastewater, has re-started operations at the BioSulphide® plant in Bisbee Arizona, a joint venture operation with Freeport-McMoRan Copper & Gold Inc. ("Freeport"). Following a scheduled furlough, the plant has ramped up to full capacity, and is recovering dissolved copper generated by recirculating water through a low-grade stockpile at the site. The plant has returned to its previous production levels. BioteQ and Freeport equally share the copper revenues and plant operating costs.
"We are pleased that this important asset is again generating recurring revenue and contributing positive cash flow," stated Brad Marchant, BioteQ's Chief Executive Officer. "Our goal with the furlough was to re-structure operations to reduce costs while continuing to meet our high safety and environmental standards. We believe this goal has been achieved, with the support of our joint venture partner, Freeport."
BioteQ Corporate Profile
BioteQ applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company's commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 10 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ's sustainable water treatment solutions have been recognized with the CIM/Syncrude Award for Excellence in Sustainable Development, the Canada Export Achievement Award, the Jantzi/Maclean's Most Socially Responsible Corporations in Canada, the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.
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