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bioteq environmental tech in (BQE) Snapshot

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bioteq environmental tech in (BQE) Details

BioteQ Environmental Technologies Inc. operates as a water treatment company worldwide. It offers water treatment solutions for groundwater and surface water drainage, acid mine drainage, metallurgical process streams, lime plant effluent, tailings water, and sulphidization-acidification-recycle-thickening process for gold operations in mining industries; cooling tower water, FGD blowdown, and ash pond water in power industries; and SAGD produced water and shale gas frac water in oil and gas industries. The company develops and commercializes water treatment technologies to recover metals, such as aluminum, copper, cobalt, iron, molybdenum, nickel, rhenium, vanadium, and zinc; remove and recover metal contaminants, including antimony, arsenic, barium, cadmium, lead, manganese, mercury, selenium, and strontium; and remove sulphate and total dissolved solids, and silica from water impacted by resource, energy, and industrial activities. Its technologies produce treated water for re-use or discharge to the environment; reduce or eliminate residual waste; and recover saleable by-products from wastewater. The company’s metal recovery and removal technologies include BioSulphide and ChemSulphide technologies, which utilize biological and chemical sources of sulphide to precipitate dissolved metals from wastewater; and Met-IX technology that treats wastewater. It also offers sulphate removal technologies, such as Sulf-IX and Sulf-IXC, which remove sulphate and hardness from wastewater; and selenium removal technology, including Selen-IX that removes selenium from water streams. It primarily serves resource companies, utility operators, and regulators. The company has strategic alliance with Newalta Corporation and EcoMetales Ltd. BioteQ Environmental Technologies Inc. is headquartered in Vancouver, Canada.

36 Employees
Last Reported Date: 03/31/14

bioteq environmental tech in (BQE) Top Compensated Officers

Interim Chief Executive Officer, President an...
Total Annual Compensation: C$230.1K
Chief Financial Officer
Total Annual Compensation: C$170.6K
Director of Engineering
Total Annual Compensation: C$152.1K
Compensation as of Fiscal Year 2013.

bioteq environmental tech in (BQE) Key Developments

BioteQ Environmental Technologies Inc. Settles Litigation with Aditya Birla Minerals

BioteQ Environmental Technologies Inc. announced that a settlement has been reached in its litigation with Aditya Birla Minerals. Under the terms of the settlement, BioteQ has agreed to pay AUD 75,000 (approximately $73,000 Canadian dollars) to Birla by October 30, 2014. Birla will take ownership of all demobilization obligations and residual plant equipment currently at their Mt. Gordon mine site. Both parties also agree to release and withdraw their claims against each other. The settlement agreement involves no admission of liability or violation of law by either party, and bars the parties from pursuing further associated claims in the future.

Bioteq Environmental Technologies Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

BioteQ Environmental Technologies Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues as reported under GAAP were $697,000 compared to $924,000 in 2013, a decline of 25% compared to the prior year. Proportional revenues were $1,873,000 compared to $2,008,000 in 2013, a decline of 7% compared to the prior year; Earnings for the current quarter include a recovery of $300,000 from a bad debt expense originally recognized in 2010. Adjusted earnings before interest, tax, depreciation and amortization was income of $203,000 compared to a loss of $468,000 in 2013; Net loss as reported under GAAP was $16,000 compared to a loss of $844,000 in 2013. Net loss per basic and diluted share was $0.00 compared to $0.01 a year ago. For the six months, the company reported revenues of $851,000 compared to $1,720,000 a year ago. Net loss was $2,138,000 compared to $1,857,000 a year ago. Net loss per basic and diluted share was $0.02 compared to $0.03 a year ago. Adjusted LBITDA was $1,783,000 compared to $1,222,000 a year ago. Proportional revenues were $2,426,000 compared to $3,946,000 a year ago.

BioteQ Environmental Technologies Inc. to Report Q2, 2014 Results on Aug 12, 2014

BioteQ Environmental Technologies Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 12, 2014


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