Atlantic Power and Infrastructure (OTC:AWSL) Announces New Acquisition: Here Are Key Details

Atlantic Power and Infrastructure Corp  (OTC:AWSL) is a company that is involved in providing environmental technologies which include the technology for the conversion of recycled tire materials into sustainable infrastructural products. The company’s flagship product is Flexi Pave. It is known for its resounding strength, porous nature, and flexibility.

These attributes make it a product that provides protection from erosion to lands and is now used quite widely in high-profile shoreline break walls and other infrastructure and marine projects. Additionally, Atlantic Power and Infrastructure Corp also offer a water purification technology that helps in the removal of harmful algae in freshwater lakes and pools. Red Tide algae which bloom in salt water is also removed by the technology.

Last week, Atlantic Power and Infrastructure had come into focus after it announced that it had completed the acquisition of an 80% controlling stake in Daycare Biotech LLP. The company also piled up the international rights to the technologies and those under development. It could be a good idea for investors to consider taking a look into some of the climate effect mitigation technologies to which it would get the rights.

It would include an organic plant vaccine that would stimulate the immune system of crops, a naturally developed planting medium that helps with the low-cost production of food even in tough climates, an eco-friendly fire retardant that does not harm marine or terrestrial ecology, and foliar antitranspirant amendments which reduce the dependence on irrigation considerably.

In this regard, it ought to be noted that the nature-based technologies from Daycare Biotech are proven and tested on an international level. The results from the tests conducted at independent trials had been resounding.

On the same day, the company also announced the launch of its new fully owned subsidiary unit Next Generation Agriculture which was going to be responsible for the marketing and development of the technologies from Daycare Biotech. Next Generation is going to be responsible for providing growers and farmers with the right solutions for tackling climate-related challenges. Additionally, the subsidiary is also going to have an extensive list of international clients.

On April 19 Atlantic Power and Infrastructure Corp announced that its wholly owned subsidiary unit KB Industries had been successful in installing its Flexi Pave proprietary technology by deploying scrap truck and car tires at The Lost Colony Theater. The work was going to improve the conditions for spectators while at the same time providing protection to the environment.

The rows of seating at the stadium had been disadvantaged due to rain storms which often led to swampy and muddy pathways. In order to solve the issue KB Industries had been contacted by National Parks Service to improve the situation by installing Flexi Pave. Flexi Pave would help the water in draining through easily and quickly, thereby eliminating the possibility of muddy sections and puddles at the venue.

Kevin Bagnall, who is the Chairman and Chief Executive Officer of Atlantic Power and Infrastructure Corp, spoke about the development as well. He noted that it was not the first time that the company had installed Flexi Pave at a stadium and added that it was not going to be the last either. He went on to add that Flexi Pave was ideal for spectator venues.



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