The Municipality of Consolacion is among the largest in the Cebu Province. Under this Agreement, the Municipality will provide Nexis with up to 750,000 tonnes of mixed solid dry waste per year over 25 years.
Nexis "Green" technology to deliver 80,000 affordable houses per year in
The Nexis International Manufacturing System uses "Green" technology to
convert landfill destined waste into environmentally friendly building panels,
marketed under the trade name "5Stargreen(TM)" for use in the construction of
modular houses. A Nexis Manufacturing Plant will be established in the
Province of Cebu, to process this waste and produce high volume building
panels for affordable dwellings in
Nexis is presently negotiating with potential licensees for the long term
distribution of the 5Stargreen(TM) panels and modular houses in
The company's Executive Chairman,
Healthy financial returns expected for the 750ktpa Cebu Nexis plant
Nexis International will derive revenue from waste processing fees, plant profits, end sales of 5Stargreen panels to the market and up-front license fees
Funding for the plant would be made after demand for 5Stargreen(TM) panel
products had been contracted. The plant would have a waste processing capacity
of up to 750ktpa, compared with a benchmark standard plant with a processing
capacity of 250ktpa. Benchmark returns to Nexis International, from a standard
plant of 250ktpa is approximately
Rahoul Ray CEO and President Important Disclosure -------------------- This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the Forward looking statements as a result of risk factors discussed in Nexis International Industries reports that will be on file with the US Securities and Exchange Commission.
SOURCE Nexis International Industries, Inc.