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DOVER, DEL & SHANGHAI, Sept 9, 2020 - (ACN Newswire) - Pacific Green Technologies, Inc. (PGTK; OTCQB: PGTK) announces that it has installed its 100th ENVI-Marine™ exhaust gas cleaning system. PGTK's industry leading ENVI-Marine™ exhaust systems have now been installed on more than 40 different ship types, including containers, bulk carriers and oil tankers.
The installations have been completed predominantly in China shipyards in conjunction with PGTK's joint venture partner, POWERCHINA SPEM.
Scott Poulter, PGTK's Chief Executive commented: "We are very proud to have reached this milestone in our marine division. Although the industry has been in turmoil so far in 2020 with oil price pressure and the consumer demand effects of Covid-19, we have started to see positive signs with a significant increase in enquiries over the past few months for our ENVI-Marine System."
PGTK has continued to expand its technologies through its acquisition of ENGIN in December 2019 so that its portfolio now includes Concentrated Solar Power (CSP) and Water Desalination. PGTK continues to actively seek complementary technologies to add to its Cleantech portfolio.
Scott added: "Pacific Green is now targeting specific industries and sectors where its technology enhances the growing trend for Cleantech solutions. As well as having the capability and resources to carry out whole large scale projects, Pacific Green will continue to develop and produce new cutting edge products as we expand into new areas."
PGTK's joint venture with POWERCHINA SPEM, one of the world's largest engineering, procurement and construction companies with annual revenues of around $50 billion, combines elite technical expertise with unrivaled production capabilities in China ensuring PGTK can scale efficiently in each industry sector.
PGTK will continue to adhere to a high-quality development strategy, implement improved processes in all disciplines, and provide state of the art professional and efficient products and services for its customers.
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. (OTCQB:PGTK) is focused on addressing the world's need for cleaner and more sustainable energy. The Company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting edge technologies designed to meet increasingly stringent environmental standards. For more information, visit PGTK's website: www.pacificgreentechnologies.com
About POWERCHINA SPEM Co. Ltd
POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGTK technology throughout the PRC. Please visit www.spem.com.cn/en/index.asp.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green's emission control system, potential business developments in India and future interest in our solar and desalination technologies.
Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659
SOURCE: Pacific Green Technologies, Inc.
Topic: Press release summary
Source: Pacific Green Technologies Inc.
Sectors: Environment, ESG, Alternative Energy, Marine & Offshore
https://www.acnnewswire.com
From the Asia Corporate News Network
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