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HAZ-MATTERS Emergency Management Inc. aligns with STRATEGIC ALLIANCE, HAZTECH GROUP

HAZ-MATTERS Emergency Management Inc. recently announced a newly established strategic alliance with Haztech Group in Saskatchewan for the ongoing provision of specialty hazardous materials training.

Haztech is a vertically integrated, full-service occupational focused Medical, Health, Safety, Security, and Training service provider, with the prime focus being Safety and Service Delivery.  The company claims to have established themselves as “the new standard,” in the health and safety fields by providing best-practice services throughout western Canada.

 

Haztech offers a suite of services to an array of industrial, construction, oilfield and mining clients, including the public sector.  The company directs industry to adopt higher compliance standards in health, safety and security through the comprehensive support and reinforcement.

CHAR Technologies Ltd. LOI for Acquisition of The Altech Group and Private Placement to Support Advanced Biomass Fuel

CHAR Technologies Ltd. (“CHAR“) (TSX VENTURE:YES) recently announced that it has signed a non-binding letter of intent (“LOI“) to acquire the Altech Group (“Altech“), which is comprised of Altech Environmental Consulting Ltd. and Altech Technologies Systems Inc. Altech provides solutions to environmental engineering challenges.  Founded in 1986, Altech has 12 employees and a diverse and stable client base.  Under the terms of the LOI, CHAR would acquire all issued equity in Altech.  Altech shareholders would receive $950,000 in common shares of CHAR, with the number of common shares anticipated to be determined using the 30-day volume weighted average price of the CHAR common shares prior to November 17th, 2017, as well as $150,000 in cash.  In connection with closing, CHAR will institute an employee retention plan where current non-shareholder Altech employees will be issued an aggregate of $100,000 of common shares (the “Equity Grant“) at a price determined in accordance with the policies of the TSXV over a period of 13 months with any unvested grants to terminate should the relevant employee cease to be employed by Altech. Closing is anticipated to take place on or before December 31, 2017.

Bill White, Chairman of CHAR stated that, “The acquisition of the Altech Group would add over 30 years of experience in environmental technologies and professional engineering consulting” and that “Altech would provide CHAR with a growth catalyst to move much of our engineering design in-house, while at the same time would allow us to greatly expand our technology solutions offering for industrial clean air and clean water.”

CHAR brings the shareholders of Altech a succession plan and an opportunity to realize value at an optimal time. According to Alexander Keen, Founder and CEO of Altech, “CHAR would bring an exciting new technology and a corporate development team. Our joint efforts going forward would bring tremendous opportunities”.

It is anticipated that the new joint enterprise will have a tremendous advantage in commercialization of a new cleantech solid fuel branded “CleanFyre”. This new product is a GHG neutral coal replacement, generically referred to as biocoal. CleanFyre will allow large industrial customers the ability to greatly reduce their GHG emissions without significant capital expenditures. According to Andrew White, CEO of CHAR, “CleanFyre would leverage both Altech’s experience and expertise, and CHAR’s platform pyrolysis technology, the same technology used to create SulfaCHAR, to create a solution with strong market pull and significant growth opportunity.”

The completion of CHAR’s acquisition of Altech is subject to the satisfaction of various conditions, including the negotiation of a definitive agreement and the completion of the parties respective due diligence. Although CHAR anticipates that the transaction with Altech will be consummated, the LOI is non-binding and there is no certainty that the transaction will be consummated.

CHAR is also launching a non-brokered private placement of common shares that will raise capital to support the continued commercialization of SulfaCHAR as well as CleanFyre. The offering will consist of a minimum of $250,000 and a maximum of $1,000,000. Pricing will be $0.21 per common share or, $0.25 per share for investors who wish to acquire flow-through common shares pursuant to the offering. The private placement is anticipated to close on or about December 31st, 2017.

About CHAR

CHAR is in the business of producing a proprietary activated charcoal like material (“SulfaCHAR“), which can be used to removed hydrogen sulfide from various gas streams (focusing on methane-rich and odorous air). The SulfaCHAR, once used for the gas cleaning application, has further use as a sulfur-enriched biochar for agricultural purposes (saleable soil amendment product).

WSP expands water and environmental expertise in U.S.

WSP Global Inc. (Montreal, Quebec) recently acquired Leggette, Brashears and Graham Inc. (LBG, Shelton, Conn.), a 150-employee groundwater and environmental engineering services firm.  Founded in 1944, LBG has 17 offices and expertise in hydrogeology, groundwater and surface water modeling, dewatering and depressurization, environmental investigation and remediation.  

It is reputed to be the first consulting firm in the United States to specialize in groundwater geology.  The acquisition aligns with WSP’s 2015-2018 Strategic Plan and will bolster WSP’s Water and Environment practice by increasing its groundwater geology capabilities, strengthening its environmental services expertise, and expanding its national footprint.  WSP acquired Schlumberger Water Services in 2016.  Following the LBG acquisition, WSP’s water and environment business line in the United States comprises more than 600 employees in 40 locations across the country.