K.B. Industries UK Ltd, sellers and installers of KBI's Flexi®-Pave since 2010 agrees to join the ever-expanding API portfolio of rapidly expanding international entities.
TAMPA BAY, FL / ACCESSWIRE / August 17, 2021 / Atlantic Power and Infrastructure Corp. (OTC PINK:AWSL) is pleased to announce the acquisition of the controlling interest in one of the International sellers and installers of KBI's proprietary technology Flexi®-Pave and its related products.
Based in South Yorkshire, England, K.B. Industries UK Ltd have independently been selling and installing KBI's Flexi®-Pave and it's related products since 2010. K.B. Industries UK Ltd has proudly installed Flexi®-Pave in numerous world-renowned locations such as; Legoland in Windsor; Whitehall London; Lincoln Castle (where Downton Abbey was filmed). Numerous installations are shown on their website: https://www.kbiuk.co.uk
K.B. Industries UK have seen steady growth in sales with sales of £1,865,505 (USD$2,586,801) in 2018 and £2,135,925 (USD$2,961,778) in 2019. The year 2020 saw a increase to over £2,700,000 (USD$3,700,000) and are currently installing the largest contract secured of 17,000 Sq M (183,000 Sq Ft) in Swinton Greenway, Salford. Orders are seeing increase as markets are opening up throughout the United Kingdom.
This acquisition will not involve any major changes in the operations and management of K.B. Industries UK Ltd., however added API technologies will be available to the product portfolio in the UK. It is the goal of API to expand its full range of technologies through direct involvement in all international operation.
The acquisition of no less than 54% of KB Industries Ltd will see 10,800,000 shares of Atlantic Power & Infrastructure issued to the shareholders of KB Industries UK Ltd.
Kevin Bagnall Chairman and CEO of API stated, "The inclusion of K.B. Industries UK Ltd into the API portfolio brings about benefits for both entities to show greater growth, especially with the additional technologies that are now under the API umbrella! As other international operations are added to the API portfolio, the expansion and recognition of API's technologies should result in greater market growth internationally."
Atlantic Power and Infrastructure Corp…a vehicle for proven sustainable environmentally beneficial technologies. Divisions include:
Next generation Tire Recycling (NGTR)
Through API's K.B. Industries, the company manufactures and distributes its Flexi®-Pave flexible porous paving. K.B Industries, Inc's Flexi®-Pave, has over the past 19 years combined sustainable technology and experience. This has solved many infrastructure problems using innovative materials and design approaches, such as in many water treatment and shoreline protection projects, including ship docks. KBI created this massively porous but strong structural material that can be used for a variety of infrastructure applications with demonstrated success, benefitting the environment economically. Notable locations include; Yellowstone National Park; Arlington National Cemetery; Seaside Park's Band Shell, City of Bridgeport, Connecticut; Red Butte Gardens, Utah. Visit: https://apaicorp.com ++1 (727) 723-3300
Zero Emissions Waste 2 Energy (ZEW2E)
In parallel, the company is vigorously developing projects to convert Municipal Solid Waste (MSW) as well as biomass agricultural, yard, food, and even raw sewage waste to produce pellets that can be used to generate electricity, make fertilizer and other sale-able, environmentally beneficial commodities using its Zero Emission Waste to Energy (ZEW2E) solution.
Submit enquires to: enquiries@apaicorp.com
Website: www.apaicorp.com
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy
SOURCE: Atlantic Power and Infrastructure Corp.
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https://www.accesswire.com/660049/Atlantic-Power-and-Infrastructure-Acquires-Controlling-Interest-in-KB-Industries-UK-Ltd
