ENERGY

HDSI enters into agreement with Hillwinds Energy

HDS INTERNATIONAL CORP. entered into an agreement with Hillwinds Energy Development Corp., the company announced Monday.
Posted 12/10/12

PROVIDENCE – Eco-sustainability company HDS International Corp. has entered into an agreement with Hillwinds Energy Development Corp. to expand its licensed territory, among other things, the company announced Monday.

HDS, which focuses on renewable energy, agricultural sciences, waste management and eco-sustainability, managed the deal through its wholly-owned Canadian subsidiary HDS Energy & Ecosystems NB Ltd.

Under the terms of the deal, HDSI has expanded its exclusive technology license to cover the entirety of New Brunswick, Canada. This increases the area of HDSI-covered territory by a factor of more than 500, according to a release.

All previous license agreements between HDSI and Hillwinds have been terminated in favor of the new agreement.

“Today’s announcement significantly expands HDS’ developing opportunity set associated with carbon capture and re-utilization bioenergy,” said an HDS release. “The Province of New Brunswick encompasses the City of Saint John, site of HDS’ previously announced anaerobic digester project feasibility study, with this agreement helping formally define and strategically position the company at the heart of a thriving industrial hub and innovation center with attractive policies and communities.”

The financial terms of the deal were deemed “immaterial,” according to a release, since there were no cash or securities paid or owed by HDSI to Hillwinds.

According to the release, HDSI believes that “the net impact of today’s transaction is exceptionally favorable and in the best interest of all shareholders.”

Calendar
PBN Hosted
Events

Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement