EQTEC plc (LON:EQT) CEO Ian Price joins us to discuss a number of changes at the company. Ian explains the benefit of a recent share placing for £750,000, provides details around it’s cost reduction programme, changes in the leadership team and the progress being made on it’s key 3 verticals.
EQTEC’s business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology (“EGT”) and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.
EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.