Human Unitec International Inc. Announces the First Sales of a Tires Recycling GRONE, Two Binding Joint Venture Purchase Agreements for Three Million Nine Hundred Thousand Dollars ($3,900,000)
Boston, Massachusetts--(Newsfile Corp. - July 1, 2020) - Human Unitec International, Inc., (OTC Pink: HMNU) ("HMNU") ("The Company") is a Project Finance, development and assets management Corporation focused in sustainability, medical & wellness and green energy.
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In June 2016, the Company acquired the patented renewable energy intellectual property for the GRONE. The Grone is a versatile waste sorting center that acts not only as a recycling center, but also as a power plant aimed at eliminating the need for landfills.
On May 11, 2020 the Company entered into a contract with Palladium Investments SA, a Swiss subsidiary of ILDA INVESTMENTS SA, for the sale of the first of six GRONE plants for the recycling of solid waste management for $43,000,000 USD (www.hmnuinc.com) (www.ildaag.com).
The Human Unitec International, Inc.'s GRONE development team has recently completed the development and is now finalizing the sale and deployment of several small affordable GRONE plants. These GRONE plants are utilized for the recycling and management of solid waste, plastic, used tires and exhausted oils.
A prototype of a tire recycling plant with 10-ton capacity has been built and is in operation in the Milano area of Italy. This plant is under the direct supervision of Human Unitec International, Inc.'s GRONE technicians. The basic investment cost of this plant is budgeted for approximately $2,000,000 USD and the plant shall produce an average annual net income of approximately $1,800,000 USD.
On June 26, 2020, the Company entered into a binding joint venture for the construction and operation of a tires recycling, 10 ton capacity GRONE for a total of $1,800,000 USD with Gruppo Sedda of Porto Torres. The first GRONE for tires will be installed in Olbia-Tempio Community, north east of Sardinia, Italy. Under the terms of the agreement, HMNU will finance 50% of the project and will provide technical and administrative assistance to the local partner investor-operator.
On June 30,2020, the President of HMNU, Fabrizio Bosticco, and Andrea Sedda, Founder of the Group Sedda and Sedda Energy S.R.L., agreed to extend the June 26, 2020 joint venture to include the construction of a second GRONE plant for plastic recycling, with 10 tons capacity, for the production of electricity. Andrea Sedda stated: "We are very happy to have the chance to build this fantastic equipment in Sardinia. The GRONE plant represents a significant evolution in the growing of the renewable green energy for our country and our environment. Economically, a 10 tons plant is able to produce up to 8 tons of green eco diesel a day, equal to 12,600,000 KW/year or over Euros (€) 2,772,000 in net revenues." The combined purchase price of the initial two GRONE 10 Ton Capacity Plants exceeds $3,900,000 USD.
Sumaya Alay Faysal, Executive Vice President and International relations coordinator of Human Unitec International, Inc., recently stated: "The GRONE gives to our Company the opportunity to progress toward our goal to become a global leader in innovative, affordable recycling plants and eliminate the landfills giving revenues and natural energy."
The Company will provide investors additional technical and financial information on the potentiality of the development of this GRONE plant and on the opportunity of direct investment in the realization and or management of other plants in Europe, USA and Canada.
About the GRONE:
The Grone is a versatile waste sorting center that acts not only as a recycling center, but also a power plant aimed at eliminating the need for landfills. The modern landfill is a gross use of space and increasingly becoming a threat to the environment. The primary purpose of the Grone is to sort Municipal Solid Waste (metals, glass, plastic, textiles, paper, and bulky waste). The Grone separates each resource and allocates it to the proper recycling zone through an assembly line consisting of a 4-stage process. The waste is then used as fuel to maintain its perpetual power system. The power generated from the system can be used to power water desalination plants that offer fresh water to the respective community and revenue to the entities. Since 2016, the Company has been working with Health Target in completing the GRONE technology for commercial deployment.
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements
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