BioteQ Environmental expects to meet 2012 revenue growth target, slow cash drain

The corporate logo for BioteQ Environmental Technologies Inc. (TSX:BQE) is shown. THE CANADIAN PRESS/HO

January 23, 2013 - 5:50 AM

VANCOUVER - BioteQ Environmental Technologies Inc. (TSX:BQE) says it's on track to achieve its 2012 financial targets, which called for revenue to rise 30 per cent above the previous year and for cash usage to drop by at least 40 per cent to less than $1.5 million. In the fourth quarter, the Vancouver-based company had three active water treatment plants that recovered a total of 288,000 pounds of copper.

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BioteQ Environmental expects to meet 2012 revenue growth target, slow cash drain

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