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 Montreal, Quebec, December 2nd, 2005Soconag Environmental Experts Received C$4.5M Financing from Brookfield Technology Fund Soconag Environmental Experts, Inc. announced today that it has received $4.5 million in financing from Brookfield Technology Fund (BTF), a specialist investment fund established by Brookfield Asset Management (formerly Brascan Asset Management) to invest in early stage, technology based companies with high growth potential. Soconag and its SmartSoil Energy subsidiary, which transform “problem biomass” into clean gaseous fuel, primarily through landfill-gas-to-energy initiatives, will use the funding as working capital to expand their capacity to deliver patented biomass-to-energy technology solutions to their growing customer base in Canada, Mexico and Brazil. Commented Marc-Antoine Pelletier, President and CEO of Soconag and SmartSoil Energy, “This new financing from the Brookfield Technology Fund, represents a significant vote of confidence in our expertise and strategic direction. We are excited by the opportunity to partner with BTF to triple our current project pipeline in the next five years from our current 20 megawatts of clean energy production and to contribute in a meaningful way to the production of clean energy and the reduction in greenhouse emissions. " *** SmartSoil Energy Inc., participa en el esfuerzo internacional para la reducción de la emisión de gases de efecto invernadero proponiendo soluciones innovadoras desarrolladas en Soconag, su empresa matriz, para la transformación de los desechos de biomasa en energía limpia, principalmente en los sitios de rellenos sanitarios municipales y de industrias papeleras. Su tecnología patentada y certificada provee las posibilidades de control y de supervisión de la producción sin precedente. Para más información, visite nuestra pagina Web www.smartsoil.com. Information: Annie Boulanger Marketing Manager Tel.: (514) 846-0088 ext. 33 |
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