TransAct Energy Corp. (OTCQB: TEGY) has formally entered a Services Agreement with Fichtner Consulting Engineers Limited based in Manchester, United Kingdom. The formal signing of the Agreement took place on May 12th 2014 in Fichtner's offices providing for the feasibility analysis and design of the proposed SAN ANTONIO, TX, United States, via eTeligis Inc., 05/14/2014 - - TransAct Energy Zero Emissions Waste Optimization Plant ™ (Z.E.W.O.P. ™) for Puebla, Mx. The base cost of the first phase of the agreement exceeds $200,000 USD and will continue through to the plants operational certification, a cost of a few million dollars.
The Phase 1 Engineering review was initiated on May 13th and included a full review of the three year operating TransAct beta plant in Henan Province, China. The review continued with the preliminary design analysis and feasibility of a plant capable of processing 900 to 1000 metric tonnes per day in Puebla, Mexico. Fichtner anticipates at least 60 days of work to complete this review.
"We are excited about working with the TransAct Z.E.W.O.P. ™ approach to municipal waste (MSW) management. The system is more complex than traditional MSW systems however it appears to go a long way to address landfills and incineration," says Duncan Abernethy, Business Development Director, Fichtner Consulting Engineers Limited. "
About Fichtner Consulting Engineers
Fichtner is one of the world's leading independent engineering consultancy firms. Founded in 1922, the group has over 2,000 staff, with offices in 50 countries, and with project experience including technical advisory and project management services in more than 160 countries.
Fichtner offers a unique combination of technical, contractual and financial skills, with a core expertise in process, combustion and thermal cycle engineering. It has a proven capability of identifying; mitigating and managing the risks associated with complex process and power generation projects.
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB as TEGY. TransAct has set out to eliminate the impact of humans waste on the environment by capturing all of the resources in our refuse using innovations in process and technology. We do this by developing and implementing technologies that provide useable energy in sustainable ways.
Visit TransAct's website www.transactenergycorp.com, follow them on twittertransactenergycorp@transactenergyc and contact them for more information about Transact Energy.
Safe Harbor
This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
Media Inquires:
ROD BARTLETT
President CEO
210-888-0785
SOURCE: Transact Energy Corp
Associated Documentation:
Link to submission on http://www.eteligis.com
TEGY_5-14-2014_PAP_ETL.docx
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