Planet Resource Recovery, Inc.'s Wholly-Owned Subsidiary RADA Technologies, Inc. Receives Contract to Perform Work at NASA
July 17 2007 - 9:20AM
Business Wire
Planet Resource Recovery, Inc. (PINK SHEETS: PRRY), developer,
manufacturer and marketer of the PetroLuxus� family of products, is
pleased to announce that its wholly-owned subsidiary, RADA
Technologies, Inc. has received a contract to perform work at NASA
(National Aeronautics and Space Administration) Johnson Space
Center � Houston, Texas. The approximate value of the contract is
estimated at $258,500.00 to be completed by September 1, 2007. RADA
Technologies, Inc. will perform the work as a sub-contractor to
Anadarko Industries, Inc., of Houston, Texas. All work will be
performed at Johnson Space Center in Houston, Texas. RADA
Technologies, Inc. will design and build the project installation
of a new low NOx Burner Fuel Gas Filter Coalescer Unit to replace
the existing gas scrubber vessels. The work is scheduled to
commence during the second half of July, 2007. RADA Technologies,
Inc. is an engineering and design company that provides
operational- and equipment-based turn-key solutions to clients in
the oil & gas sector. Since 2004, RADA Technologies, Inc. has
provided engineering and consulting services, inventory management
and custody transfer systems for liquid bulk storage facilities.
The company services major oil & gas companies, commercial
& general aviation facilities, US Department of Defense, US
Department of Energy, and National Aeronautics and Space
Administration (NASA) Johnson Space Center � Houston, Texas. For
more information visit - http://www.radatechnologies.com/ About
Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is an
innovative PetroChemical/Oil Services company that has developed a
proprietary, environmentally-friendly chemical that dislodges
hydrocarbons in practically all-natural and man-made environments.
The company�s flagship product, PetroLuxus�, and its derivative
product lines have a strong affinity and rapid dispersement
qualities to break hydrocarbon chains on a molecular level for
cost-effective remediation and recovery of petroleum products. The
company�s prospective markets for remediation and recovery include:
oil tank farm cleaning, marine ship cleaning, oil sludge pits,
contaminated soil/oil spills, biodiesel, waste oil segregation,
heavy oil, tar sands, and Enhanced Oil Recovery, to name a few.
Planet Resource Recovery�s pilot manufacturing plant is fully
operational with PetroLuxus� ready for commercialization. For an
audio/visual demonstration of PetroLuxus�, click on the link below.
http://www.planetresource.net/test76u31b.htm For more information
please visit www.planetresource.net or http://www.petroluxus.com
"Safe Harbor" Statement: Certain statements in this release are
"forward-looking" statements as defined in the Private Securities
Litigation Reform Act of 1995. Such statements are subject to
numerous risks and uncertainties. Actual results may vary
significantly from the results expressed or implied in such
statements. Factors that could cause actual results to materially
differ from forward-looking statements include, but are not limited
to, the Company's ability to meet the terms and conditions required
to obtain its project financing, risks and delays associated with
product development, risk of market acceptance of new products,
risk of technology or product obsolescence, competitive risks,
reliance on development partners and the need for additional
capital.
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