Astra Energy (OTCQB: ASRE) today announced an initial equipment sale and the formation of a joint venture with Astra Regreen India (“ARI”), an Indian corporation. Under the agreement, ARI will hold exclusive rights for sales, marketing and distribution and establish a first-of-its-kind Municipal Recovery Waste Facility (“MRF”) in the Southern States of the Republic of India. Astra will receive a project deposit of $100,000 USD, an equipment deposit of $1,800,000 USD for the sale of the first 15 Ton Per Hour (“TPH”) Regreen Total Waste System (“TWS”), as well as the balance first tier from operations. Upon successful implementation of the first installation, ARI is required to place orders for five more Regreen TWSs ranging between 3TPH to 15TPH capacity within 36 months. In addition, Astra will hold a carried interest in the revenues of all future projects within the territory. “Demonstrating the business case for the first MRF in the Republic of India that will divert 95% of its waste from the landfill is something Astra is looking forward to. India has the potential to be a huge and growing market for Astra and the Regreen Technology,” said Douglas D. Hampton, president and CEO of Astra Energy California, Inc. “We are fortunate to be dealing with entities and municipalities that are dedicated to a real positive impact on the environment and the betterment of the health and welfare of its people.”
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About Astra Energy Inc.
Astra Energy is an integrated solutions provider investing in and developing renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs. Astra’s corporate strategy is rooted in securing technologies and assets; identifying viable market opportunities; and bringing together resources, expertise, technology and defined action plans to execute first-in-class projects that benefit communities, local economies, the planet and the company’s investors. Its goal is to create a more secure and sustainable power sector that supports the company’s purpose, mission and values to transform the economic, environmental and social landscape for generations to come. For more information on Astra Energy, visit the company’s website at www.AstraEnergyInc.com.
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