Tersis Technologies Secures Exclusive MOU for Waste-to-Energy Deployment in Philippines, ASEAN
Summary
Tersis Technologies signed an exclusive Memorandum of Understanding (MOU) with Pingkas Capital to deploy its Syngenic V3 waste-to-energy platform in the Philippines, starting with a project in Bataan. This MOU grants Pingkas Capital binding exclusivity for deployment in the Philippines, which converts to full exclusivity upon commercial operation of the first project and extends to all ASEAN member states upon financial close. This follows a previous exclusive agreement announced in March 2026 with Rhovia for commercialization and deployment, indicating a consistent strategy of international expansion through partnerships. For a micro-cap company, this represents a significant and exclusive entry into a large and growing market, leveraging Pingkas Capital's local relationships for project development, financing, and regulatory coordination. The parties expect to negotiate and execute more detailed definitive agreements, including joint venture and financing agreements, which will be key next steps.
At the time of this announcement, TERS was trading at $0.07 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $162.7K. The 52-week trading range was $0.01 to $0.13. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.