Merger Agreement Signed Between Anpath Group and Q2Power

A Merger Agreement has been signed between Anpath Group (OTC PINK:APGRD) and renewable power company Q2Power.
According to the press release:

Q2Power’s technology is designed to provide a new, cost-effective distributed power solution for the vast majority of underserved, small-scale biogas and waste methane producing sites in the U.S. and globally. Recent legislation in states like California require businesses to reduce the amount of organic waste they send to landfills, fueling demand for anaerobic digestion and other processes that reduce waste volume while producing renewable energy resources. Q2Power’s solution will allow many sites to monetize their waste by producing electricity and process heat from untreated biogas, thus reducing operating expenses, increasing plant efficiencies and complying with ever more stringent environmental regulations.
[…] Q2Power’s proprietary engine converts thermal energy (heat) into usable power efficiently and less expensively than its competition. The company’s business model involves selling electricity and heat generated from its systems through recurring-revenue power purchase agreements (PPAs). Unlike PPAs in the solar and wind industry, biogas is typically produced 24/7, thus creating baseload power generation opportunities while also reducing landfill waste. Q2Power deployed its first system in June and expects to ramp to full commercialization in 2016.

Christopher Nelson, Q2Power’s CEO, said:

This is a very exciting time for Q2Power, as we see this transaction providing a platform for us to expedite the commercial deployment of our power systems as well as seize opportunities to make strategic acquisitions in the bio-digester space, which we believe is on the verge of enormous growth. As more states enact strict limits on organic waste disposal, a multi-billion dollar industry is being created. We believe our product is the best choice for thousands of biogas digesters currently in use in the U.S. at landfills, waste water treatment plants and industrial sites, as well as the 20,000 or more bio-digesters that the EPA forecasts will be developed over the coming years.

Click here to read the full press release.