Business Services Industry
Solucorp's Innovative Technologies Continues to Draw Media Attention Featured in Two News Articles
Business Wire, Dec 20, 2004
FT. LAUDERDALE, Fla. -- Solucorp Industries, Ltd. (OTC:SLUP) today announced that its' unique cost effective environmental solutions technologies, MBS(R) (Molecular Bonding System) and IFS (Integrated Fixation System), continue to draw the attention of environmental trade and business publications.
The company's technologies have been featured recently in publications that include Caribbean Business (Thursday, November 25, 2004) and Waste News (December 6, 2004).
In the Caribbean Business article, writer John McPhaul notes that "Solucorp has met with Carl-Axel Soderberg, Chief of the EPA's Caribbean office. Solucorp's MBS(R) process is a viable technology that can be used in the Puerto Rico Islands of Vieques, a former U.S. Navy bombing range, and Culebra which was used for military practices by the Navy and Marines until 1975. Discussions took place concerning the use of MBS(R) to clean up not only Vieques, but also the Corco Superfund Site in Guayanilla, an old target range on Isla de Cabras and other areas in Puerto Rico." As the article points out, "The cost of using the bonding agents would be far less than the cost of traditional remediation, which involves removing all the soil in a contaminated area and placing it in a federally approved landfill for hazardous waste." The article goes on to note that traditional means of remediation may not be practical for the eastern side of Vieques, "given the extent of the contamination following 60 years of bombing exercises on the strip of land. With the MBS(R) process, however, it might be possible to clean up the bombing range without removing the soil." This action would likely require special permission from the Puerto Rico government. Solucorp's Innovative technologies have already set a precedent for such approvals in British Columbia, Canada and the United States. Solucorp's technology has been proven to be a permanent solution at the U.S. EPA SITE (Superfund Innovative Technology Evaluation) Program where it successfully stabilized lead, cadmium and arsenic contaminated wastes in Midvale, Utah.
Waste News (Dec 6 issue), an industry trade publication, highlights Solucorp's IFS technology in its "new products and technology" section noting that IFS has commercialized its IFS paint stripper additive into well-known products which allows the new product to strip and remediate hazardous heavy metal contaminated paints simultaneously. IFS has developed other products and prototypes such as self-remediating lead batteries, liners, and plastic bags with the same goal of preventing pollution at its manufacturing source. The IFS technology could be used "in the wrappers often found around cell phone batteries so that when the chemicals start to break down, they never breach the protective layer." This story also clearly spells out the benefits of IFS in its headline: "System binds heavy metals, averts leaching."
About Solucorp
Solucorp Industries Ltd., a Canadian corporation, is parent to three U.S. corporations including: Solucorp Industries, Integrated Fixation System Co., Inc. and WITS, Inc. Solucorp's patented Molecular Bonding System (MBS(R)) technology can remediate and treat wastes where heavy metals are present by chemically binding those metals so that they will not leach and contaminate the groundwater. The MBS(R) technology has been used throughout the United States and Canada as well as the UK, Italy, China and Argentina. Solucorp's MBS(R) technology can be reviewed on the EPA website at www.epa.gov by typing in the New Search Space, "Molecular Bonding System". This technology is also presented in a periodical produced by the EPA titled "Superfund Innovative Technology Evaluation (SITE) Program, Technology Profiles, 10th Edition and Demonstration Program". As an outgrowth of MBS(R), Solucorp has and continues to develop products and prototypes for its IFS (Integrated Fixation System) technology, which can be used as a coating or additive to paint strippers, paint booth filters, batteries, ammunition, computers, switches, liners, coal fire furnaces (mercury) and a host of other products where hazardous metals come in contact. This would enable manufacturers to produce products that self-remediate thereby eliminating environmental pollution at its source. WITS EC (Electrocoagulation) package remediates wastewater and other aqueous waste streams through the use of electrical currents that destabilize suspended, emulsified or dissolved contaminants.
The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income, may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.
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