Business
Pacific Green Executes USD$9.24M Agreement to Install its ENVI-MARINE(TM) System on Three Vessels Owned by Landbridge Group
Pacific Green Executes USD$9.24M Agreement to Install its ENVI-MARINE(TM) System on Three Vessels Owned by Landbridge Group.
About this update from Pacific Green Technologies Inc.
[{"type":"text","content":"SAN JOSE, CA / ACCESSWIRE / November 1, 2018 / Pacific Green Technologies Inc. (PGT) (OTCQB: PGTK), owner of the ENVI-MarineTM Exhaust Gas Scrubbing System, is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc. (PGMT), has executed an agreement to manufacture and install its ENVI-Marine TM System on three VLCC type vessels owned by Landbridge Group Co. Ltd.PGT's JV partner, PowerChina SPEM Company Limited, will manufacture the System at one of its factories in Wuxi, China with installation at a yard in the Shanghai, China area between July and September 2019 in advance of the IMO legislations for sulphur emissions standards to come into force on 1 January 2020.About Pacific Green Technologies, Inc.Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting-edge technologies designed to meet increasingly stringent environmental standards.For more information, visit PGT's website:www.pacificgreentechnologies.comContact:Neil Carmichael, President and DirectorPacific Green TechnologiesT: +1 (408) 538-3373About Landbridge GroupCo. Ltd.Landbridge Group is a diverse company, specialising in the infrastructure, energy, port logistics and petrochemical industries.For more information, visit Landbridge Group's website:http://www.landbridge.com.cn/en/index.phpAbout POWERCHINA SPEMCo. LtdPOWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC and owned by the Chinese Government. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGT technology throughout China.Notice RegardingForward-Looking Statements:This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that PGT's emis...