DENVER, CO--(Marketwired - Jul 7, 2015) - Vista International Technologies, Inc. (
The Company's WTE pilot project represents the first commercial installation of the newest generation of the Company's patented Thermal Gasifier technology. All major components of the project were on site as of June 30, 2015. Vista's installation team is now coordinating with the end user's personnel to arrange for final assembly and startup. This final assembly and startup process is expected to take 4-6 weeks, and the project is expected to begin initial operation for testing purposes sometime in August.
CEO Tim Ruddy commented on the rollout. "We believe that our newest Thermal Gasifier model represents a best-in-class technology in the current Waste to Energy marketplace. We are excited to complete this project and show the efficiency gains and emission reductions we have made in our next generation units. The company also wishes to thank our shareholders for the patience and support they have shown as the company completes the commercialization of the new units."
On the tire side of the business, the Company expects to close the sale of its Hutchins tire facility in the next 2-3 weeks. The company plans to use the funds generated from this sale to pay off a significant portion of its debt, and to put aside sufficient resources to complete the transition to a pure play Waste to Energy company.
Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents. The Company's technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, sewage waste, and biomass, among others. The company's Waste-to-Energy systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity.