African Alternative Technologies (AATec) was created by a group of committed citizens, who are dedicated to making a difference in our challenged society. The obstacles to a sustainable future are created by a "Business as Usual approach" and the industrial age model has left society vulnerable.
We take the approach of focussing on the solutions, and although it is essential to be aware of what has caused society's current predicament, to dwell on the problems is counterproductive as the only way forward is action.
The Team have all been active in developing, consulting, promoting and lobbying, solutions in different ways for many years, and these activities have been in the sectors of sustainable agriculture, community development and renewable energy primarily. Socially and environmentally responsible entrepreaneurship is the way we aproach business as it has the added bennefit of delivering substantially to the triple bottom line in the near term and even more so into the future.
People, Planet, and Profit is the credo.
The Flagship solution we have developed is the Sustainable Integrated Decentralised Agro-processing and Community Development Project, or SID
Our SID model and its associated technology offers good returns to investors and is not reliant on ongoing government subsidies. Job creation is maximised in the project which is primarily based on Agro-processing, biomass to bio-energy production and includes the complete value chain, while empoweringcommunity ownership in the project, (this is a fundamental component of the business model). Communities are incrementally developed as suppliers of the feedstock, by employing technology driven processes, through Co-operatives and Worker's Trusts and by utilising the Build, Operate and Transfer (BOT) mechanism.
The SID also addresses the challenge of Food Vs Fuel constructively and actually enhances food and energy security at the same time, through its innovative methodology and approach. The SID model is an African Alternative Energy (AAE) project, which is a sister company to AATec, as well as being a home grown solution, an African solution for Africa.
On the Renewable Energy front AATec has focussed on a number of solutions, and the opportunities created by our Joint Ventures and exclusive agencies with cutting edge technology developers and equipment manufactures are very exciting right now, as well as holding great prospects for future development .
Our Partners have developed cutting edge world class, Compact Linear Fresnel Reflector Solar thermal Technology for Utility Scale Electricity generation and storage, industrial and comercial process heat, cooling and desalinisation.
LaunchPoint Technologies has developed a number of cutting edge technologies and we are concentrating on their Gravity Power Utility Scale Electricity storage systems and the FasTransit Magnetic Levitation transport solutions at the moment.
AATec is developing a pilot 1Mw Solar Thermal Electricity Generation project with 6 hours storage to demonstrate the viability of the technology as proof of the magnitude of this opportunity, in line with the opportunity created by the Renewable Energy Feed In Tariff (REFIT) programme finalised by the National Energy Regulator of South Africa (NERSA) last year.
The CLFR solar thermal technology that AATec is focussing on is revolutionary in many ways!
|Gravity Power Energy Storage|
Utility Scale Solar Cross
The best news is that it is scalable technology which means it can be either larger or smaller which means that the advantages we have in the field can be translated to the suburbs.
Permanent Magnet Magnetic Levitation
Maglev Passenger Transport
Freight Docking Bay
Retrofit Railway Lines
We believe these projects will contribute substantially towards realising the targets set by our government in the renewable energy white paper and in creating a growth sector inspite of the adverse economic conditions currently afecting our country.
AAtec invites everyone who identifies with these ambitions and principals and would like to partisipate in any way to contact us.
This is a major undertaking and is not only the responsibility of the AATec team, but all people and organisations who identify with the solutions and approach being emphasised, and feel they can contribute or would like to participate.
AFRICAN ALTERNATIVE TECHNOLOGIES AND THEIR PARTNERS HAVE AGREED TO CONDUCT BUSINESS IN AN ETHICAL MANNER, THE TERMS OF THIS AGREEMENT ARE DETAILED BELOW:
CODE OF ETHICS AND BUSINESS CONDUCT FOR OFFICERS, DIRECTORS EMPLOYEES, AGENTS AND DISTRIBUTORS OF AFRICAN ALTERNATIVE TECHNOLOGIES
1. TREAT EVERYONE IN AN ETHICAL MANNER
The officers, directors, employees, agents and distributors of African Alternative Technologies. (the â€œCompanyâ€) are committed to honesty, just management, fairness, providing a safe and healthy environment free from the fear of retribution, and respecting the dignity due everyone.
For the communities in which we live and work we are committed to observe sound environmental business practices and to act as concerned and responsible neighbors, reflecting all aspects of good citizenship.
For our shareholders we are committed to pursuing sound growth and earnings objectives and to exercising prudence in the use of our assets and resources.
For our suppliers and partners we are committed to fair competition and the sense of responsibility required of a good customer and teammate.
2. PROMOTE A POSITIVE WORK ENVIRONMENT
All employees want and deserve a workplace where they feel respected, satisfied, and appreciated.
We respect cultural diversity and will not tolerate harassment or discrimination of any kindâ€”especially involving race, color, religion, gender, age, national origin, disability, and veteran or marital status.
Providing an environment that supports honesty, integrity, respect, trust, responsibility, and citizenship permits us the opportunity to achieve excellence in our workplace.
While everyone who works for the Company must contribute to the creation and maintenance of such an environment, our executives and management personnel assume special responsibility for fostering a work environment that is free from the fear of retribution and will bring out the best in all of us.
Supervisors must be careful in words and conduct to avoid placing, or seeming to place, pressure on subordinates that could cause them to deviate from acceptable ethical behavior.
3. PROTECT PEOPLE AND THE WORLD WE LIVE IN
We are committed to providing a drug-free, safe and healthy work environment, and to observing environmentally sound business practices.
We will strive, at a minimum, to do no harm and where possible, to make the communities in which we work a better place to live. Each of us is responsible for compliance with environmental, health and safety laws and regulations.
4. KEEP ACCURATE AND COMPLETE RECORDS
We must maintain accurate and complete Company records.
Transactions between the Company and outside individuals and organizations must be promptly and accurately entered in our books in accordance with generally accepted accounting practices and principles.
No one should rationalize or even consider misrepresenting facts or falsifying records. It will not be tolerated and will result in disciplinary action.
5. OBEY THE LAW
We will conduct our business in accordance with all applicable laws and regulations. Compliance with the law does not comprise our entire ethical responsibility. Rather, it is a minimum, absolutely essential condition for compliance with our ethical responsibilities.
6. BE TIMELY AND ACCURATE IN ALL PUBLIC REPORTS
As a private company, the Company must be fair and accurate in all reports filed with all applicable governmental agencies.Â Directors and management of The Company are responsible for ensuring that all reports are filed in a timely and accurate manner.
7. AVOID CONFLICTS OF INTEREST
Our officers, directors and employees have an obligation to give their complete loyalty to the best interests of the Company. They should avoid any action that may involve, or may appear to involve, a conflict of interest with the Company.
Officers, directors and employees should not have any financial or other business relationships with suppliers, customers or competitors that might impair, or even appear to impair, the independence of any judgment they may need to make on behalf of the Company.
WAYS A CONFLICT OF INTEREST COULD ARISE:
- Employment by a competitor, or potential competitor, regardless of the nature of the employment, while employed by or in a contractual relationship with the Company.
- Acceptance of gifts, payment, or services from those seeking to do business with the Company.
- Ownership of, or substantial interest in, a company that is a competitor, client or supplier.
- Acting as a consultant to a customer, client or supplier.
Officers, directors and employees are under a continuing obligation to disclose any situation that presents the possibility of a conflict or disparity of interest between the officer, director or employee and the Company. Disclosure of any potential conflict is the key to remaining in full compliance with this policy.
8. COMPETE ETHICALLY AND FAIRLY FOR BUSINESS OPPORTUNITIES
We must comply with the laws and regulations that pertain to the acquisition of goods and services.
We will compete fairly and ethically for all business opportunities. In circumstances where there is reason to believe that the release or receipt of non-public information is unauthorized, do not attempt to obtain and do not accept such information from any source.
If you are involved in Company transactions, you must be certain that all statements, communications, and representations are accurate and truthful.
9. AVOID ILLEGAL AND QUESTIONABLE GIFTS OR FAVORS
The sale and marketing of our products and services should always be free from even the perception that favorable treatment was sought, received, or given in exchange for the furnishing or receipt of business courtesies.
Officers, directors and employees of the Company will neither give nor accept business courtesies that constitute, or could be reasonably perceived as constituting, unfair business inducements or that would violate law, regulation or policies of the Company, or could cause embarrassment to or reflect negatively on the Companyâ€™s reputation.
10. MAINTAIN THE INTEGRITY OF CONSULTANTS, DISTRIBUTORS, AND REPRESENTATIVES
Business integrity is a key standard for the selection and retention of those who represent the Company.
Distributors, representatives and consultants must certify their willingness to comply with the Companyâ€™s policies and procedures and must never be retained to circumvent our values and principles.
Paying bribes or kickbacks, engaging in industrial espionage, obtaining the proprietary data of a third party without authority, or gaining inside information or influence are just a few examples of what could give us an unfair competitive advantage and could result in violations of law.
11. PROTECT PROPRIETARY INFORMATION
Proprietary Company information may not be disclosed to anyone without proper authorization. Keep proprietary documents protected and secure. In the course of normal business activities, suppliers, customers and competitors may sometimes divulge to you information that is proprietary to their business. Respect these confidences.
12. OBTAIN AND USE COMPANY ASSETS WISELY
Personal use of Company property must always be in accordance with corporate policy. Proper use of Company property, information resources, material, facilities and equipment is your responsibility. Use and maintain these assets with the utmost care and respect, guarding against waste and abuse, and never borrow or remove Company property without managementâ€™s permission.
13. FOLLOW THE LAW AND USE COMMON SENSE IN POLITICAL CONTRIBUTIONS AND ACTIVITIES
The Company encourages its employees to become involved in civic affairs and to participate in the political process.
Employees must understand, however, that their involvement and participation must be on an individual basis, on their own time and at their own expense. In the United States, federal law prohibits corporations from donating corporate funds, goods, or services, directly or indirectly, to candidates for federal officesâ€”this includes employeesâ€™ work time.
Local and state laws also govern political contributions and activities as they apply to their respective jurisdictions.
14. DISCIPLINARY MEASURES.
The Company shall consistently enforce its CODE OF ETHICS and Business Conduct through appropriate means of discipline. Violations of the Code shall be promptly reported to the officers or directors of the Company. Pursuant to procedures adopted by the officers and directors, the Company shall determine whether violations of the Code have occurred and, if so, shall determine the disciplinary measures to be taken against any officer, director, employee, Distributor or Distributor of the Company who has so violated the Code. The disciplinary measures, which may be invoked at the discretion of the officers and directors of the Company, include, but are not limited to, counseling, oral or written reprimands, warnings, probation or suspension without pay, demotions, reductions in salary, termination of employment and restitution.
Persons subject to disciplinary measures shall include, in addition to the violator, others involved in the wrongdoing such as (i) persons who fail to use reasonable care to detect a violation, (ii) persons who if requested to divulge information withhold material information regarding a violation, and (iii) supervisors who approve or condone the violations or attempt to retaliate against employees or Distributors for reporting violations or violators.
Breaches of this Code of Ethics are deemed material and may result in termination of the relevant relationship or agreement.