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Micron Waste Technologies Inc. (OTCMKTS:MICWF) Finalizes MoU With T&T Supermarket

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Micron Waste Technologies Inc. (OTCMKTS:MICWF) has finalized a Memorandum of Understanding with T&T Supermarkets Inc., whereby both parties will associate to assess additional deployments of the Micron Organic Waste Digester at T&T Supermarkets. As it is known, T&T Supermarkets marks as the largest chain of professional Asian supermarkets in Canada.

The details

In 2016, Micron started with a demonstration assignment with T&T, in which company successfully functioned an on-site digester system to handle the organic waste created by the supermarket. Earlier, the supermarket depended on daily discarding to landfill, an extremely costly solution, in part following the high frequency of service needed and associated landfill expenses.

The project was successfully concluded, offering the efficiency, cost saving potential and ease of use in a real-life environment of Micron’s solution. The firm’s technology allows the digestion of organic waste. The left over effluent is clean and fulfills all standards for succeeding discharge into the municipal sewage system, leading in notable cost savings.

T&T and Micron have now finalized an MoU, following to which both parties will associate together assess additional locations for operating and installing the commercial form of the digester in British Columbia. The terms will comprise a charge for waste quantity handled, servicing fees and monthly lease. Both firms expect completing additional store installation deals in the imminent months.

Rav Mlait, the CEO of Micron, expressed that this marks as an extremely thrilling moment in the development of company. This Memorandum of Understanding represents very considerable growth potential for them. Furthermore, having confirmed the operational benefits of their technology, they are now in an extremely strong position to boost discussions with numerous supermarket chains. Beyond that, they plan to expand into other divisions seeking to enhance the cost and operational efficiencies of their organic matter clearance, such as the quick-serve food and cannabis markets.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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