STT Enviro Corp Assists Miners in Making Money While Saving the Environment
Marketwired
TORONTO, ONTARIO--(Marketwired - May 27, 2014) - STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE:STT) is pleased to announce the positive results of a study that indicate the potential to decrease a customer's lime consumption by up to 40%. In addition, the customer's operation could reduce its carbon footprint by up to 2,600 tonnes of CO2 per year and realize savings of over $350,000 annually, just by implementing the recommendations put forth in the report prepared by the STT Enviro Corp Solutions. The study was conducted on a lime slaking system used at an Ontario mine site to control the acidity content within the milling process. These types of systems are in wide use at mine sites worldwide.
Through a series of customized tests, analysis of the customer's water sources, water quality and the lime source available, the Solutions group was able to identify several ways to improve the efficiency the lime system. STT Enviro Corp Solutions identified several performance issues and made recommendations that show the potential to save over $350,000 per year or $1.7 million over a five year period by decreasing their lime consumption by up to 40%.
Chief Executive Officer David Deacon commented, "This case study perfectly echoes our mandate to help our customers reduce their environmental footprint, cost efficiently. We have identified the potential for customers to reduce their carbon footprint, while making them money through improving the efficiency of their lime systems. This is a win, win opportunity for any Company committed to operating in an environmentally sustainable manner."
He continued, "Through this study, among others, we have identified that operators are often consuming more lime than necessary to operate their systems, a costly mistake that is easy to fix through a low-cost System Optimization Study with STT Enviro Corp Solutions."
To view the customer case study please click here.
STT Enviro Corp Solutions provides aftermarket support and services for the mining, oil and gas and utility sectors. Through our System Optimization Studies, Applied Care Programs, Parts and Retrofit supply and Mechanical Audits, STT Enviro Corp Solutions assists customers in maintaining their systems and improving their overall efficiency, which often results in significant cost savings for the customer.
Click here to learn more about STT Enviro Corp Solutions.
About STT Enviro Corp.
STT Enviro Corp (TSX VENTURE:STT) is an international supplier of industrial processes and environmental solutions. We work with the biggest and most respected names in the mining, oil & gas and utility sectors by assisting them in reducing their environmental footprint and improving their operational efficiency.
Our three primary areas of business are in providing engineering, project management and installation of bulk material/chemical handling systems for the neutralization of pollutants; supplying bolted steel tanks and glass fused to steel tanks for liquid storage projects; and sales of parts and aftermarket services to our customers to help them in maintaining their systems and increasing overall efficiency.
STT Enviro Corp is focused on becoming a leading supplier of environmental solutions by continuing to grow its business organically and, longer term, to make strategic acquisitions at prices that are financially accretive.
Caution Regarding Forward-Looking Information and Non-IFRS Measures
Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of the Company. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of the Company considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of STT nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.
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