N-Viro International Announces Strategic MOU with Tsinghua University and Jiaxing Science City in China
October 1, 2015 Leave a comment
Toledo, Ohio, October 1, 2015 – N-Viro International Corporation (NVIC: OTCQB) announces N-Viro Energy (Hong Kong) Ltd. (“N-Viro”) has entered into a three party Memorandum of Understanding for Business Cooperation with the Yangtze Delta Region Institute of Tsinghua University, Zhejiang (the “Institute”) and the Administrative Committee of Jiaxing Science City of the Nanhu District in Jiaxing, China. The agreement outlines a strategy for the three parties to promote technological innovation using the N-Viro suite of technologies to establish a feasible and environmentally sustainable waste-to-electrical energy generation solution.
The three parties agree to establish the N-Viro China headquarters within Jiaxing Science City. This headquarters will use the talents and technical support services of Tsinghua University to establish a research organization to explore and incubate the expansion of the N-Viro waste conversion process to include other organic waste feed stocks and expand our energy generating capabilities. The parties are responsible to share the principles of complementary advantage, mutual benefit and long-term cooperation.
Tsinghua University is one of nine Chinese government chosen universities that form the elite C9 League of universities. The intent is to co-develop and utilize each party’s complementary advantages. The agreement relies upon the Institute’s high tech talent and technical services to vigorously develop and implement a regional plan for the Yangtze River Delta waste conversion to clean energy projects, with approvals provided by the State Council.
Jiaxing Science City is a planned area that provides land for research and development, entrepreneurship, incubation and facilitation of high tech industries. It serves to provide network information technologies, equipment manufacturing and preferential policies.
Timothy R. Kasmoch, CEO and President of N-Viro International Corporation had these comments; “We have three highly credible projects within the Yangtze River Delta, Zhejiang Province of China. Each project, even though independent, is complementary and provides a concentrated effort within the Yangtze River Delta region. The Jiaxing Science City location is perfect for N-Viro to develop and incubate our current technology and network with other complementary technologies.” Mr. Kasmoch continues; “Tsinghua University is a C9 League university in China which is akin to our American Ivy League of universities, and gives world class credibility to our projects. Additionally it is the alma mater of many Chinese leaders, including its current President, Xi Jinping. It is our goal to conclude these negotiations and we expect to deliver long-term contracts this year,” Kasmoch concluded.
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic materials generated from industrial, agricultural and municipal sources. The Company’s proprietary, patented technologies, unique services and materials handling expertise are combined to offer turnkey solutions in both soil enrichment and alternative fuel development. For more information, please visit www.nviro.com or the N-Viro International Blog.
Special Cautionary Note Regarding Forward‐Looking Statements
The Company cautions that words used both in this document such as "expects," “hopes,” "anticipates," "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward‐looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. Additional information and factors that may adversely affect these forward‐looking statements are contained in the Company’s reports, including its Annual Report on Form 10‐K for the year ended December 31, 2014 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward‐looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward‐looking information except to the extent required by applicable securities laws.