Atlantic Power & Infrastructure Corp (OTC:AWSL) Stock Continues to Trend Higher
There had been a significant number of companies in the news cycle on Wednesday, and investors are going to be looking into many of those. One of the companies that may be worth looking into at this point is Atlantic Power & Infrastructure Corp. (OTC:AWSL), which made a major announcement yesterday. The company is a major player in the environmental technology space, and yesterday it made an announcement with regards to Flexi Pave, its proprietary technology.
The company revealed that the technology proved its mettle once again in the global market after the completion of two phases of installations at Homesteads-Roman Fort, located on the Hadrian’s Wall in England, United Kingdom. In this regard, it ought to be noted that the world-renowned Hadrian’s Wall dates back to 124 AD, and thousands of tourists flock to it every year. Due to the installation of Flexi Pave, it would be possible for visitors to experience the magnificence of the historic site on advanced footpaths.
A subsidiary of Atlantic Power & Infrastructure, KBI UK Ltd., had installed 207 square meters of Flexi Pave footbaths at the site. It had recycled as many as 662 car tires for the purpose. In the news release, the company noted that the strategy helped in the transformation of the site and also prevented the release of as much as 14573 kg of carbon dioxide. That also proved to be a significant contribution towards the environmental protection goals of the company.
The Sales Manager for the North of England at KBI, Kevin Sellwood, spoke about the latest accomplishment as well. He noted that the installation was a demonstration of the quality of Flexi Pave as a technology. In the past, there had only been limited accessibility to the historical site owing to paths that had been made from compacted dust. Sellwood went on to note that he was confident that the milestone would pave the way for the company to work on many more of the World Heritage sites worldwide.
On October 4, there was a significant new announcement pertaining to the company’s fully owned subsidiary unit, Next Generation Agriculture. It was announced that Next Generation had been successful in completing the acquisition of a 25% equity stake in Nature Soak Ltd. In the news release, it was revealed that the development was a significant move towards bringing about a transformation in the agricultural sector in Europe and the United Kingdom.
It was noted that the deal would help in providing the products from Next Generation Agriculture a much wider market after they are marketed under the Nature Soak brand. The market would consist of farmers and growers spread across Europe. Additionally, Nature Soak had also been awarded European distribution permission for Next Generation’s product AGOGEL for the European market. It was also revealed that a wide-ranging data collection system would be set up so as to gather feedback and keep an eye on performance.
