Vista International Technologies, a Denver-based company whose technology ostensibly converts waste, biomass, tires and other solid carbon based materials into electricity and thermal energy, while capturing the pollutants, has raised a letter of interest from Intercapital Partners Limited, a U.K.-based private equity firm that’s looking to invest up to $6 million in Vista, according to the company. Vista says terms and conditions of the investment are “currently being finalized.”
Vista International Technologies, Inc. VVIT +12.50% , a pioneer in efficient Waste-to-Energy technology, is pleased to announce that it has received a letter of interest for a significant investment into the company. Management has received notice regarding an investment of up to $6 million into the Company by Intercapital Partners Limited, a general private equity firm located in the United Kingdom. Both parties are interested in closing the transaction in the near term. Terms and conditions of the investment are currently being finalized.
CEO Tim Ruddy remarked, “This investment puts Vista in an excellent position to achieve both the near and long term goals of the company. It will allow us to more fully execute our business plan, and bring greater value to our shareholders by expanding the geographical areas we can serve as well as the number of projects we will have under development.”
Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents. The Company’s technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, waste coal, sewage sludge, animal waste, and biomass, among others. The company’s Waste-to-Energy systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity.
For more information on Vista or this release, please visit www.vvit.us, or call 303 690 8300.