$34 Million in Outstanding Proposals Reflects Robust Demand for Biogas Production in the U.S. and Abroad
GOLDEN, Colo. – August 12, 2015 – GOLDEN, Colo., –Strategic Environmental & Energy Resources, Inc. (“SEER”) (OTC:SENR) announced today that MV Technologies (“MV”), a wholly owned subsidiary of SEER, is experiencing a significant increase in requests for proposals for its proprietary H2SPlus™ biogas purification systems. This record number of bids and proposals is the result of surging demand from the biogas industry in the U.S. and abroad.
MV currently has an installed base of more than 50 sites nationwide for its H2S and H2SPlus™ solutions and is becoming increasingly recognized as a leader in cost-effectively removing hydrogen sulfide (H2S) impurities from biogas generated by landfills, wastewater treatment plants, and agricultural digesters. Currently, the value of MV’s outstanding proposals and bids is just under $34M, the highest level in MV’s ten-year history.
“Proposal activity has greatly accelerated in the past 12 months, largely as a result of rapid growth in the biogas industry and our enhanced marketing efforts, a deeper engagement with major engineering firms, and solid relationships with clients that are now generating repeat and new project business, as well as recurring revenue from media replacement sales,” said John Jenkins, MV’s President. “Our total pipeline as of July 31 2015 is 70 proposals and we expect we will generate 50 more by year’s end. That would be a 50% increase over the 80 total proposals we made during 2014,” said Jenkins. While it is difficult to predict how many of these proposals will translate into a project award, the number of proposals we’ve provided thus far is a leading indicator on the strength of the biogas industry, and our increasing leadership position within it,” added Jenkins.
“MV’s forecasted growth is not limited to the United States,” commented J. John Combs, SEER’s CEO. “Our developing UK and EU opportunities look very encouraging as agricultural biogas generation is more broadly accepted there because of considerably higher energy prices. We are glad to be working with a major multi-national OEM partner that is already deeply connected to the biogas market throughout the UK and Europe,” said Combs. “As our installed base of systems increases domestically and internationally, so will the demand for our proprietary Bioactive Media™, or BAM™, both in new projects and in replacement media sales. We see this growth in MV as an exciting opportunity to create recurring higher-margin revenue streams for the company, ultimately resulting in increased value for our shareholders,” concluded Combs.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has three wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas (“Reach”).
For more information about the Company visit: www.seer-corp.com
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Contacts:
J. John Combs III
Chief Executive Officer
(720) 460-3522
Darrow Associates:
Peter L. Seltzberg, Managing Director
pseltzberg@darrowir.com
(516) 510-8768