Business
Alter NRG reports 2012 activities and financial results
TSX - NRG OTCQX - ANRGF CALGARY, March 21, 2013 /CNW/ - (TSX - NRG; OTCQX - ANRGF...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"\n\n\n\n\n\nTSX - NRG OTCQX - ANRGF\n\n\nCALGARY, March 21, 2013 /CNW/ - (TSX - NRG; OTCQX - ANRGF) - Alter NRG Corp., (\"Alter NRG\" or the \"Corporation\") is pleased to\n report on its corporate activities and financial results for the fiscal\n year ended December 31, 2012 \n\n\n2012 Highlights\n\n\nSales of $13.7 million which is an increase over prior year of 104%.\n Revenue is expected to continue to increase in 2013 as the pace of\n fabrication increases on the facilities under construction, follow-on\n projects begin engineering and construction, as well as further\n licensing opportunities.\n\n\nExecuted on approximately 61% of the $20 million purchase order from Air\n Products a US based Fortune 500 Company, which has previously announced\n its intention to build four additional advanced gasification facilities\n in the United Kingdom in the coming years. On October 23, 2012 Air\n Products announced it is advancing a second project on adjacent lands\n in Tees Valley of the same size and configuration as the first project.\n\n\nWuhan Kaidi (\"Kaidi\"), which ordered engineering and torches previously,\n completed construction of its demonstration facility in China for which\n the Westinghouse Plasma Gasifier has now been commissioned. The\n facility is expected to take 100 tpd of biomass waste and convert it\n into liquid fuels. Upon successful demonstration (expected in early\n 2013), Kaidi has more than 100 sites identified to take biomass and\n convert it into power and liquid fuels.\n\n\nSigned an agreement to provide $12 million of Westinghouse Plasma\n Torches to Beijing Huanyu Guanchuan Plasma Technology Ltd.\n (\"GuanChuan\"). GuanChuan has ordered the first four torches for an\n approximate $1 million order to be delivered in early 2013. GuanChuan\n is using the torches for their industrial furnace applications related\n to the steel and iron industry in China.\n\n\nAdvanced project development with a developer, PGP Terminal a.s.\n (\"PGPT\"), which previously purchased site licenses in the Czech\n Republic and Slovakia for $4.375 million, with 10% being paid up front.\n The developer has been working for several years on waste-to-energy\n projects and has a portfolio of projects that it is currently advancing\n in their home market. They expect to begin engineering on the first\n facilities in early 2013 ...