Atlantic Power & Infrastructure Corp. (OTCMKTS:AWSL) Stock in Focus After Recent News
On Wednesday, a number of companies were in the spotlight among investors for one reason or another, and it is likely that many of those will come into focus this morning. One such company could well be Atlantic Power & Infrastructure Corp. (OTCMKTS:AWSL).
The company announced yesterday that NGWP Inc., its subsidiary unit, was going to start work on a health hazard caused by algae and red tide that needed to be addressed urgently. It was noted in the news release that the path-breaking technology from NGWP would deploy an extra 10 algae-removing vessels at one of the biggest lakes located in the southeastern region of the United States. All over the world, water bodies have been infested with algae, which is regarded as a fast-growing and major health risk globally. Atlantic Power emerged as one of the companies at the forefront of addressing this problem through its unique solution.
The company has come up with a proprietary product named Algae Vessels (AVs), which can be placed strategically in water bodies that are contaminated and help in the removal of algae blooms that may be present. Additionally, the AVs can also help in the removal of red tide algae blooms, which are present in saltwater bodies.
The AVs are manufactured in such a way that they can absorb the hazardous red tide and algae before processing them and releasing them into the water bodies in a benign form. Releasing them into the river again is important since the algae can then be a non-harmful and natural source of food for aquatic life.
The company announced yesterday that NGWP had embarked on a key research collaboration with a major environmental agency in the state of Florida. One AV had also gone through considerable assessment and testing at the massive 467,000-acre Lake Okeechobee. NGWP would start work on producing 10 more AVs, which would then be placed strategically at different locations in the lake. The project is ambitious, and it is believed that it would be completed in three months. It was noted that the research could, in fact, lead to a revolution in the water safety industry.
Atlantic Power was in the news on August 22 when it announced that its subsidiary unit Next Generation Agriculture Inc. (NGAG) had entered into an exclusive distribution agreement with the firm Bio Global Industries Ltd. The collaboration could prove pivotal since it would set the basis for the launch of its path-breaking new biostimulant-infused planting gel, boosted with ASCOGEL technology.
The gel would be introduced in the United Kingdom under the brand Natural Soak, which is the private label brand of Bio Global Industries. Atlantic Power also revealed that the unveiling of its ASCOGEL technology at the ‘ChangeNow’ World Summit that had been held in Paris had proved to be a success. The technology has drawn interest from both humanitarian entities as well as commercial enterprises.
