Verditek Subsidiary Inks Commercialisation Deal With Canadian Firm

15th Mar 2018 13:25

LONDON (Alliance News) - Clean technology firm Verditek PLC said Thursday its subsidiary Westec Environment Solutions has signed a commercialisation deal with Industrial Climate Solutions Inc.

Westec has signed the exclusive, worldwide deal with the Canadian firm to commercialise its patented carbon capture, natural gas processing, gas purification, and indoor air quality technologies.

Chairman & Interim Chief Executive Geoff Nesbitt said: "We are thrilled by this milestone agreement between WES and ICSI. This collaboration represents a significant step forward in the journey towards the industrial acknowledgement and adoption of WES' innovative CO2 capture technology."

"This is not just a significant moment for WES and the development of its patented technology but also a significant moment for cleantech as a whole."

Verditek shares were flat on Thursday at 7.38 pence each.

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