AUSTIN, TX - (NewMediaWire) - August 27, 2015 - Anpath Group Inc. (OTC PINK: APGRD) (the "Company") announced today that it has executed a Merger Agreement with Q2Power Corp. ("Q2Power"), a renewable power company based in Lancaster, Ohio with proprietary technology focused on the multi-billion dollar biogas-to-power market.
Q2Power's technology is designed to provide a new, cost-effective distributed power solution for the vast majority of underserved, small-scale biogas and waste methane producing sites in the U.S. and globally. Recent legislation in states like California require businesses to reduce the amount of organic waste they send to landfills, fueling demand for anaerobic digestion and other processes that reduce waste volume while producing renewable energy resources. Q2Power's solution will allow many sites to monetize their waste by producing electricity and process heat from untreated biogas, thus reducing operating expenses, increasing plant efficiencies and complying with ever more stringent environmental regulations.
"This is a very exciting time for Q2Power, as we see this transaction providing a platform for us to expedite the commercial deployment of our power systems as well as seize opportunities to make strategic acquisitions in the bio-digester space, which we believe is on the verge of enormous growth," says Christopher Nelson, Q2Power's CEO. "As more states enact strict limits on organic waste disposal, a multi-billion dollar industry is being created. We believe our product is the best choice for thousands of biogas digesters currently in use in the U.S. at landfills, waste water treatment plants and industrial sites, as well as the 20,000 or more bio-digesters that the EPA forecasts will be developed over the coming years."
Q2Power's proprietary engine converts thermal energy (heat) into usable power efficiently and less expensively than its competition. The company's business model involves selling electricity and heat generated from its systems through recurring-revenue power purchase agreements (PPAs). Unlike PPAs in the solar and wind industry, biogas is typically produced 24/7, thus creating baseload power generation opportunities while also reducing landfill waste. Q2Power deployed its first system in June and expects to ramp to full commercialization in 2016.
Q2Power shareholders will receive a majority of the Company's common stock in the Merger, and its officers and directors will assume management control. The closing of the Merger is subject to several conditions, including approval of Q2Power stockholders, completion of additional funding, and consent from the Company's convertible note holder. The terms of the Merger Agreement are more fully set forth in the Company's Current Report on Form 8-K filed with the Securities Exchange Commission on August 26, 2015.
For more information about Q2Power, please visit: www.q2p.com or on Facebook
Legal Notice Regarding Forward-Looking Statements: This news release contains "Forward-looking Statements." These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to complete the acquisition of Q2Power, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets for our products, the time and expense involved in such development activities, the level of demand and market acceptance of our products, and changes in our business strategies.