Clean TeQ progresses HiROx water treatment plant proposal with Townsville City Council

MELBOURNE, Australia, March 09, 2020 (GLOBE NEWSWIRE) -- Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), announces that strong progress is being made towards Clean TeQ securing an engineering, procurement and construction (EPC) contract with Townsville City Council for a large-scale water recycling plant utilizing our HiROx process and BioLense encapsulated bacteria. HiROx is an ultra-high recovery water treatment process which combines Clean TeQ’s continuous ion exchange (CIF) technology with reverse osmosis.

Clean TeQ Water has been advised that it is the preferred contractor to deliver a recycled water re-use plant at the Cleveland Bay Purification Plant in Townsville, however, final award of an EPC contract is subject to a range of conditions including agreement on commercial terms, construction schedule and pricing. While the EPC contract discussions are ongoing, and in order to maintain the targeted delivery schedule, Townsville has engaged Clean TeQ on an initial scope of work valued at A$920,000 for detailed design and procurement of long-lead items for the plant. This work is now underway.

Clean TeQ will further update the market once there is additional information regarding the final EPC contract.

For more information, please contact:
Ben Stockdale, CFO and Investor Relations	[phone]

This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.

About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.