PGTK Pacific Green Technologies

DGAP-News: Pacific Green Signs Agreement With Union Maritime Limited For US$29.4m To Install Its Envi-Marine(TM) System On Sixteen Vessels

DGAP-News: Pacific Green Technologies Inc. / Key word(s): Miscellaneous
Pacific Green Signs Agreement With Union Maritime Limited For US$29.4m To Install Its Envi-Marine(TM) System On Sixteen Vessels

27.09.2018 / 14:19
The issuer is solely responsible for the content of this announcement.


SAN JOSE, CA / ACCESSWIRE / September 27, 2018 / Pacific Green Technologies Inc. ('PGTK') (OTCQB: PGTK) through its wholly owned subsidiary, Pacific Green Marine Technologies Inc. ('PGMT'), has executed a sale and purchase agreement dated September 10, 2018 with Union Maritime Limited ('Union') pursuant to which PGTM will manufacture and install its ENVI-MarineTM System on up to sixteen vessels between now and March 2020 for a total value of approximately US$29.4m.


The objective of the Union Agreement is to provide Union as much flexibility as possible for them to manage and trade their fleet while at the same time maximising chartering opportunities.


The Union Agreement provides Union with date and vessel flexibility on a vessel by vessel basis provided sufficient notice has been given and, for cancellations, cancellation fee provisions in favour of PGMT.


About Pacific Green Technologies, Inc.

Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting-edge technologies designed to meet increasingly stringent environmental standards.

For more information, visit PGT's website:


Contact:

Neil Carmichael, President and Director
Pacific Green Technologies
T: +1 (408) 538-3373


About Union Maritime Limited

Union Maritime is a UK based tanker owner and operator, focused on the global clean product and light chemical markets.

For more information, visit Union's website:


Notice Regarding Forward-Looking Statements:

This news release contains 'forward-looking statements,' as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that PGT's emission control system has significant potential to be a market leader in China.


Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, and the continuation of the JV with POWERCHINA SPEM resulting in definitive agreements. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Released September 27, 2018


SOURCE: Pacific Green Technologies Inc.



27.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Pacific Green Technologies Inc.
United States
ISIN: US6943471051

 
End of News DGAP News Service

728159  27.09.2018 

fncls.ssp?fn=show_t_gif&application_id=728159&application_name=news&site_id=research_pool
EN
27/09/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Pacific Green Technologies

 PRESS RELEASE

EQS-News: Pacific Green Technologies Inc.: Alex Shead Appointed as an ...

EQS-News: Pacific Green Technologies Inc. / Key word(s): Personnel Pacific Green Technologies Inc.: Alex Shead Appointed as an Independent Director of Pacific Green Technologies, Inc. 19.10.2022 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. Alex Shead Appointed as an Independent Director of Pacific Green Technologies, Inc. DOVER, DE / ACCESSWIRE / October 19, 2022 / Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB:PGTK) announces that Alexander Shead has been appointed as an Independent Director, effecti...

 PRESS RELEASE

DGAP-News: Pacific Green Provides Business Activities Update

DGAP-News: Pacific Green Technologies Inc. / Key word(s): Miscellaneous Pacific Green Provides Business Activities Update 13.06.2020 / 00:23 The issuer is solely responsible for the content of this announcement. DOVER, DE / ACCESSWIRE / June 12, 2020 / Pacific Green Technologies, Inc. (the "Company" or "PGTK"),(OTCQB:PGTK), developer of the ENVI-Marine™ emission control system (the "System"), today provides an update on the impact of the Pandemic on its business activities. Since entering the marine sector, the Company has delivered 86 ENVI-MarineTM S...

 PRESS RELEASE

DGAP-News: Pacific Green Executes USD$17.9m Agreement to Install its E...

DGAP-News: Pacific Green Technologies Inc. / Key word(s): Miscellaneous Pacific Green Executes USD$17.9m Agreement to Install its ENVI-Marine System on Six Vessels Owned by Ridgebury Holdings LLC 16.11.2018 / 15:15 The issuer is solely responsible for the content of this announcement. SAN JOSE, CA / ACCESSWIRE / November 16, 2018 / Pacific Green Technologies Inc. (PGT) (OTCQB: PGTK), owner of the ENVI-Marine TM Exhaust Gas Scrubbing System, is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc. (PGMT), has executed an agreement for ...

 PRESS RELEASE

DGAP-News: Pacific Green Signs Agreement With Union Maritime Limited F...

DGAP-News: Pacific Green Technologies Inc. / Key word(s): Miscellaneous Pacific Green Signs Agreement With Union Maritime Limited For US$29.4m To Install Its Envi-Marine(TM) System On Sixteen Vessels 27.09.2018 / 14:19 The issuer is solely responsible for the content of this announcement. SAN JOSE, CA / ACCESSWIRE / September 27, 2018 / Pacific Green Technologies Inc. ('PGTK') (OTCQB: PGTK) through its wholly owned subsidiary, Pacific Green Marine Technologies Inc. ('PGMT'), has executed a sale and purchase agreement dated September 10, 2018 with Union Maritime Limited ('...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch