EcoPlus, Inc. Forms Wholly Owned Subsidiary, EcoPlus Development, LLC, To Facilitate Deployment Of FOG Collection And Processing Systems Across U.S.
EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has formed a wholly owned subsidiary, EcoPlus Development, LLC, to facilitate deployment of EcoPlus FOG collection and processing systems across the United States. The subsidiary will be headed by Phillip Hicks, a Charlotte, North Carolina businessman.
Ralph Rogers, president of EcoPlus, noted, “The formation of this unit will enable EcoPlus to capitalize on emerging opportunities for marketing turnkey facilities that will be owned and operated by private investor syndicates. We are especially pleased that Phil Hicks has joined the company to manage this unit, as his talent and insight as a successful entrepreneur adds a significant dimension to our management team.”
Rogers added, “EcoPlus will receive its licensing fees, technology user fees, management and administrative support fees from the syndicates. Importantly, this is a wider cast of our marketing net, and we are maintaining a strong marketing presence in the arena of publicly operated waste treatment agencies, and county and municipal governments.”
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven technology that utilizes an environmentally friendly process for turning brown grease restaurant refuse into a high quality, solid fuel product. This product can be used as a coal substitute to produce power, as an adjunct fuel in waste-to-energy and steam plant operations and as a fuel for industrial process heat over a broad range of applications. The option to capture BTUs for energy that is normally wasted is highly attractive in the tight energy environment of today.
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