Alpha Grace Enviro-Tech (AGE) has made a major stride in the field of waste management with its innovative AMP system. The AMP system is capable of treating various kinds of waste, including industrial, commercial, municipal, toxic, and biomedical waste, and transforming them into recovered energy and safe ash for disposal. With a track record of successful implementation in both Singapore and China, the system can treat anywhere from 1 to 5 metric tons of waste per day, converting 100% of the waste into approximately 5% safe ash for recycling.
AGE's proprietary plasma waste treatment system generates energy recovery in the form of electricity or heat while processing waste in an environmentally friendly manner. The AMP system has recently partnered with Shanaya Environmental Services (SES) to jointly promote and market the technology globally.
Under the terms of the agreement, AGE will deliver and set up an AMP system at SES's premises for demonstration purposes over a trial period of one year. SES will provide the necessary utilities, diesel, feed waste, and manpower to operate the system during the commissioning, test run, and demonstration. After the trial period, SES will have the option to purchase the demonstration set at a mutually agreed price, based on SES's assessment of the system's performance, feasibility, and treatment capacity, subject to approval from relevant authorities.
SES also stands to earn a royalty on every AMP system sold over the course of five years from the date of successful commissioning, and AGE may introduce new clients to SES at an agreed introduction fee or commission fee to support SES's new business in biomedical waste management services. The agreement is effective for five years, with the option for an extension by mutual agreement, and can only be terminated if either party experiences financial exigency that affects its ability to participate.
The implementation of the AMP system through this partnership is expected to have a significant impact on the waste management industry, offering a more environmentally friendly solution for waste treatment. SES's entry into this agreement is not expected to have a material impact on the earnings or net tangible assets of the group for the current financial year.
Alpha Grace Enviro-Tech is a startup in Batch 4 of our Smart Cities Accelerator Program in Thailand.
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