BOSTON, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) has signed an agreement with South Canyon Waste Systems, LLC, a waste management company providing operations management services to Glenwood Springs Landfill Enterprise's South Canyon Landfill, to operate an industrial wastewater (IWW) facility on the Landfill. Converted Organics agreed to purchase, operate and maintain an LM-HT Concentrator from Waste Systems, in return for which Waste Systems agreed to pay to Converted Organics 100% of all payments it receives from Enterprise for waste water services, less certain agreed upon reimbursements and deductions. The Converted Organics' facility will evaporate 15,000 gallons of waste water per day with zero-liquid-discharge. The transaction is expected to provide Converted Organics revenue beginning in January of 2011.
Converted Organics Signs Agreement With South Canyon Waste Systems To Operate Company's First Waste Water Treatment Facility At The Glenwood Springs, Colorado Landfill
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