SAN JOSE, CA / ACCESSWIRE / February 8, 2018 / Pacific Green Technologies Inc. ("PGT") (OTCQB: PGTK) is pleased to announce that its subsidiary Pacific Green Technologies Marine Limited has signed a brokerage agreement with Poten & Partners ("Poten") to assist PGT in marketing its marine industry leading ENVI-MarineTM Exhaust Gas Scrubbing System.
For almost eighty years, Poten's team of nearly two hundred brokers and consultants have been delivering valuable insight into the international oil, gas and shipping markets. Through its global offices on four continents, Poten provides ship and commodity brokerage, consulting, business intelligence and commercial advisory services to its clients.
Installing Exhaust Gas Scrubbing Systems allow ship owners and charterers to continue using low cost "bunker fuel" rather than having to switch to high-cost low sulphur gas oil for the life of the ship whilst meeting the impending IMO legislation in 2020 for ships to substantially reduce their emissions.
Neil Carmichael, PGT's Chief Executive commented, "With the impending new emissions legislation coming into force in 2020 this relationship enables PGT to be able to achieve unrivaled worldwide access to ship owners, charterers and oil companies alike. We are very proud to work with Poten in building our marine business."
Scott Poulter, Executive Director of PGT added, "The ENVI-MarineTMs flexible footprint is perfectly suited for retrofitting onto existing ships, coupled with PowerChina SPEM's unrivalled production capacity and Poten's access to ship owners and charterers, PGT is now uniquely positioned to become the market leader in the marine exhaust scrubbing industry."
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:
Neil Carmichael, President and Director
Pacific Green Technologies
T: +1 (408) 538-3373
About POWERCHINA SPEM Co. Ltd
POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC and owned by the Chinese Government. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGT technology throughout China.
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 of 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.
SOURCE: Pacific Green Technologies Inc.
Released February 8, 2018