Innovente Announces its Quarterly Results
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwire) -- 03/23/12 -- Innovente inc. (TSX VENTURE: IGE) ("Innovente" or the "Corporation"), a renewable energy producer, announces today its third quarter results for 2012.
Highlights for the quarter
Financial highlights
Commenting on the realizations of the quarter, Mr. Richard Painchaud, President and Chief Executive Officer of Innovente, declared:
" The financing put in place during the third quarter represents a major step for Innovente. The construction of our 4.6 MW power plant in St. Patrice is progressing very well and this financing will allow us to complete the project in line with the original schedule, i.e. beginning commercial operations in the fall of 2012. "
Additional Information in Regards to the three and nine-month periods ended January 31, 2012
The financial information in regards to the three and nine-month periods ended January 31, 2012 should be read in conjunction with the Corporation's interim financial statements and the Management's Discussion and Analysis dated March 22, 2012. These documents are available at
About Innovente
Innovente is an innovative producer of renewable energy. The Company has developed a ground-breaking concept that provides communities with a green and sustainable organic waste management solution. Known as "intelligent electricity," this solution converts organic waste into electricity, heat, and fertilizing products, thereby reducing greenhouse gas emissions. Innovente's intelligent electricity is a solution designed to improve environmental quality and stimulate economic development - and it can easily be applied in all communities. Innovente has nearly completed construction of its first intelligent electricity power station, which will serve 6,000 residents in Quebec's Chaudiere-Appalaches region. This pioneering power station leads the way for future application of our concept around the world.
Disclaimer in regards to forward-looking statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. The Corporation disclaims any intent or obligation to update publicly these forward looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as these terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Mrs. Isabelle Jomphe
Vice-president Finance
Innovente inc.
418 692-1011 ext 206
Investor Relations
Marc Jasmin CMA, President
Jasmin Financial Communications
514 231-2360
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2012 - 19:16 Uhr
Sprache: Deutsch
News-ID 128000
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contact information:
Town:
QUEBEC CITY, QUEBEC
Kategorie:
Alternative Energy
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