SAN PEDRO, Calif.--BioShaft Water Technology Inc. (the "Company" or "BioShaft") (OTCBB: BSHF) is pleased to provide the following corporate update on its activities for the second quarter of 2016.
On May 25th BioShaft shipped its first two from a total of fourteen Standard Containerized Systems. Four systems are scheduled to ship by June 25, two to ship by July 9, two by July 23, two by August 6, and the last two by August 20. With BioShaft’s current production setup, there is potential to ship another 20 systems before the end of 2016.
The first six units shall go to a fast track project in Isfan Industrial City (located near Jeddah, Saudi Arabia). Total capacity 264000 gallons per day. The project was awarded to our distributor Altaaqa Alternative Solutions.
Altaaqa is a Zahid group company established in 2007. It is one of the fastest growing group of companies that encompasses caterpillar generators (Volvo and Renault trucks agencies) in Saudi Arabia. Altaaqa has developed a unique concept integrating power, water, and waste water to independently serve communities and small districts isolated from municipal networks.
"BioShaft's unique technology and Modular scalable system have proven to be of most practical design in many applications especially when waste water volumes are not predictable," Emad Mukhalalaty, Altaaqa's managing director, explains.
About BioShaft Water Technology Inc.
BioShaft manufactures innovative, patented and proprietary wastewater treatment systems. Compared to traditional wastewater treatment systems, BioShaft's plants require less than half the footprint, generate four times less sludge volume, consume less power and provide far better odor control. For details please refer the company’s website: www.bioshaft.com.