Atlantic Power and Infrastructure (OTCMKTS:AWSL): Latest News & Updates
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February 14, 2023 10:58 AM Eastern Standard Time
There is now considerable focus on technologies that promote a sustainable future and investors are now increasingly looking into those companies which are engaged in this space in a big way. One of the companies to have made significant strides in this regard is Atlantic Power and Infrastructure Corp (OTCMKTS:AWSL).
The company is involved broadly in the environmental technologies industry and one of its technologies helps in the conversion of recycled tire materials into infrastructure products that are sustainable. The product that Atlantic Power and Infrastructure has come up with is known as Flexi-Pave, which is well-known for its flexibility, strength, and porousness. These attributes have made it possible for the product to be used in shoreline break walls, marine, and similar infrastructure projects.
Another product from the company is its water purification technology which helps in removing harmful algae from freshwater bodies. Atlantic Power and Infrastructure is determined to deploy its existing products so as to work towards producing everything from waste to energy power generation.
Earlier this month on February 8, the company was in the news after it announced that it had collaborated with its United Kingdom-based subsidiary KB Industries Ltd to complete the installation of a part of the Trans Pennine Trail. The company had used as many as 15,065 used trucks and car tires for the purpose of the project.
It ought to be noted that the use of those tyres helped in saving CO2 to the tune of 331,411 kilos which could have brought further harm to the environment. The installation of the company’s Flexi-Pave product had also been welcomed with considerable warmth by the communities in the counties of Yorkshire and Derbyshire.
It was also noted at the time that it was the intention of KB Industries to secure more sections of the Trans Pennine Trail where it could install Flexi-Pave. The company has been working diligently on a number of projects and in January it made a similar announcement about a project in the United States.
Chairman/CEO of AWSL Mr. Kevin Bagnall stated: "The Trans Pennine Trail is under the authorization of a number of Yorkshire and Derbyshire councils in the region, all of whom are determined to benefit the environment and the community in every way possible. They have now witnessed the multitude of environmental benefits that Flexi®-Pave has brought to the trail. It is their goal to keep enhancing the trial in a way that only KBI's proprietary Flexi®-Pave can provide. I do see this as the first of many more sections of Flexi®-Pave being installed on the trail in the future."
Back on January 18 Atlantic Power and Infrastructure announced that it had concluded the installation of 14000 SF of Black KBI Flexi-Pave so as to improve the walking trail at one of the biggest retirement communities in the United States known as ‘The Villages’.
Kevin Bagnall, who is the Chief Executive Officer of the company, spoke about the project as well. He noted that everyone at the company was proud of having completed the project. He added that the management of ‘The Villages’ had also been highly pleased with the earlier installations of the product that had been done by the company.
Bagnall added that footpaths and trails made from Flexi-Pave are known for cutting down on stress and tension while jogging or walking, which is why it was perfect for the retirement community.
Last year in November, the company’s Flexi-Pave product had proven to be considerably resilient when it had been subjected to the fury of Hurricane Ian. The hurricane was the most devastating one to have hit Fort Myers in Florida since 1935 and had hit the Flexi-Pave sidewalks at the Mound House Museum. However, the sidewalks managed to withstand the full force of the hurricane and remained without any damage. It was one of the most powerful demonstrations of the strength of the product from Atlantic Power and Infrastructure.
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