Blue Sphere Charlotte Development Progress
Charlotte Waste-to-Energy Facility in Final Stages of Development
CHARLOTTE, N.C., Aug. 25, 2016 /PRNewswire/ -- Blue Sphere Corporation (OTCQB: BLSP) (the "Company", "Blue Sphere", "we", "our" or "us"), a clean-tech independent power producer that develops, owns and manages alternative energy facilities globally, announced today that the waste-to-energy facility under construction in Charlotte, North Carolina is nearing completion.
In 2014, the Company entered into a joint venture to develop, construct and operate a biogas facility in Charlotte, North Carolina, under the management of a third party. In recent weeks, the joint venture's EPC contractor, Auspark LLC, issued a report stating that the facility is currently going through the testing phases needed for commissioning the CHPs (engines) and a team of experienced engineers arrived from Italy to "White Test" the equipment and the components necessary for the facility to start generating electricity.
The "White Test" is performed without feeding any waste into the system to ensure that the respective components are properly operating, receiving electricity and connected to the controlling system. The "White Test" process is designed to test all of the components of the facility.
"We are very excited for the Charlotte facility to be entering its final stages of development. We look forward to seeing this amazing facility become operational. We will release a similar update about our Rhode Island facility as well as other updates shortly," said Shlomi Palas, the Company's CEO.
About Blue Sphere Corporation
Blue Sphere Corporation operates in the fast growing clean-tech sector as a waste-to-energy project integrator. Blue Sphere develops waste-to-energy and other renewable energy projects. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets. For further information, please visit the Company's website: www.bluespherecorporate.com.
Forward-Looking Statements
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
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SOURCE Blue Sphere Corporation
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