QUADRA PROJECTS INC. (OTC.BB:QPRJ - News) ("Quadra" or the "Company"), its stock quoted on the OTC BB under the trading symbol "QPRJ," announced today that its wholly owned subsidiary, Quadra Energy Systems Inc. (QES) is in the final stages of concluding an Agreement with Fanta International Enterprises (Canada) Inc. ("Fanta") a British Columbia company having a significant sub distributorship network in China, Hong Kong and Macau. The proposed agreement is conditional on Fanta meeting its sales quotas, while QES or its affiliated companies retain the rights to build their own waste to energy plants in the Territories or enter into Joint Venture agreements for the establishment of such waste to energy plants.
The QES System is a patented, innovative, secure, efficient and proven method of converting waste organic materials into marketable energy products or by-products or an efficient cost effective method of disposing of waste organic materials in a safe, non-polluting, non toxic method compatible with all environmental standards. The Invention has many applications, including disposal of electronic waste, soil remediation, recovery of high value metals from mining ores, and is designed to answer the global challenge of waste management of MSW (Municipal Solid Waste), which includes petrochemical compounds such as plastic waste, green waste, coal and tires while providing high recycled-content products (fuel oil, carbon black, fertilizer) and usable forms of power.
The QES System is designed to meet the Global challenges of the 21st Century wherein natural resources are being exhausted, the petroleum industry is unstable and uncertain in terms of cost and supply and the world is seeing a degradation of the Global environment.
The President of Fanta is Stephen Leung, a Chartered marine engineer who is well known internationally in the shipping industry as a designer and consultant for that industry. He has an intimate knowledge of the market for waste to energy projects in the Territories and maintains a close relationship with government authorities and sees a very significant opportunity for this technology in the Territories.
Fanta is very enthusiastic about this opportunity with QES and sees its innovative environmental products as being an ideal opportunity for meeting China's current needs.
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RENO, NV--(Marketwire - 07/22/09) - QUADRA PROJECTS INC. (OTC.BB:QPRJ - News) ("Quadra" or the "Company"), its stock quoted on the OTC BB under the trading symbol "QPRJ," announced today that it's wholly owned subsidiary, Quadra Energy Systems Inc. (QES), a Belize corporation, signed a distributor agreement dated the 20th day of July 2009 with Fanta International Enterprises (Canada) Inc. ("Fanta") wherein EEI was appointed as exclusive distributor for QES's QES2000 Units in China, Hong Kong and Macau (the "Territory"), for a term of 2 years which term could be extended for an additional 2 year term, provided that Fanta achieves its minimum purchase requirements of 1 QES2000 Unit in year 1, 3 QES2000 Units in year 2 and 10 QES2000 Units in years 3 and year 4. Thereafter any renewal terms would be subject to mutually acceptable terms, provided however if the parties fail to agree on terms of any renewal, then QES shall have right to determine the conditions of any subsequent renewal. Provided however, nothing contained herein shall prohibit or restrict QES or its Affiliated Companies to be incorporated in Taiwan, or its affiliated companies from establishing their own or joint venturing with third parties a total maximum of 10 QES waste to energy system plants in the Territory. The agreement provides that Fanta can appoint a network of sub-distributors in the territory to assist Fanta in the sales and servicing required of QES2000 Units in the territory.
The Agreement further provides Fanta shall establish a full service distribution and parts center, service maintenance team, sales team to support the sales of QES2000 waste to energy Units in China, Hong Kong and Macau and to jointly promote the marketing of QES2000 Units with QES.
The QES System is a patented, innovative, secure, efficient and proven method of converting waste organic materials into marketable energy products or by-products or an efficient cost effective method of disposing of waste organic materials in a safe, non-polluting, non toxic method compatible with all environmental standards. The Invention has many applications including, disposal of electronic waste, soil remediation, recovery of high value metals from mining ores, and is designed to answer the global challenge of waste management of MSW (Municipal Solid Waste), which includes petrochemical compounds such as plastic waste, green waste, coal and tires while providing high recycled-content products (fuel oil, carbon black, fertilizer) and usable forms of power.
The QES System is designed to meet the Global challenges of the 21st Century wherein natural resources are being exhausted, the petroleum industry is unstable and uncertain in terms of cost and supply and the world is seeing a degradation of the Global environment.
Fanta is very enthusiastic about this opportunity with QES and sees its innovative environmental products as being an ideal opportunity for meeting China's current needs.
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