Solucorp's Toxic Metals Self-Remediating Paint Filters Offer ``Green'' Solution To Age Old Disposal Problem
June 15 2005 - 8:30AM
Business Wire
Solucorp Industries (OTC: SLUP) today announced (further to the
press release dated Nov.4, 2004) it has created, successfully
tested and has a patent pending on the first self-remediating Paint
Booth Filter. Using Solucorp's EPA "SITE" (Superfund Innovative
Technology Evaluation) approved technology and its patented IFS
products, Solucorp has developed and tested a self-remediating
filter that eliminates the adverse toxic effects of heavy metals
such as lead and chromium contained in paint residue in filters,
thereby permanently rendering it non-hazardous, and eliminating the
adverse effects of its disposal on the environment. The
self-remediating filter could completely revolutionize the paint
booth filter industry by eliminating the need for the spent filters
to be disposed of as hazardous waste. "With Solucorp's
self-remediating filter, which maintains the same filtering
capacity as the traditional filter, the filters can now be disposed
of as a non-hazardous waste, saving companies millions of dollars
in disposal costs" states Richard Runco, President of Solucorp. The
paint booth filters are used extensively in the aeronautics
industry for the containment of chromium paint used to refinish
airplanes and aeronautic equipment. They are also used for all
types of vehicles, such as armored tanks; outdoor storage
facilities; and bridges like those employed by military, commercial
and industrial users. In addition filters can also be used in
indoor firing ranges, machine shops and any industry that would
require ventilation of hazardous metals in an enclosed environment.
Users of the self-remediating filters can realize tremendous
savings from the use of the filters, as well as help eliminate the
record keeping, liabilities, and insurance costs associated with
the disposal of hazardous waste. Solucorp believes that current
paint booth filters will become obsolete should its technology be
accepted because the newly invented self-remediation filters are
price competitive with the inferior filters that have added
hazardous waste disposal costs. Scientific testing has shown that
Solucorp's self-remediating filter maintains the filtering capacity
of a traditional paint booth filter while rendering harmless the
toxic heavy metal contamination captured by the filter. Typical
disposal costs for a drum of hazardous paint residue, for example
could cost $325.00 for currently captured residue versus about
$100.00 for a drum of residue captured by using Solucorp paint
filters. This represents great savings to the filter users as well
as the elimination of liability associated with the disposal of
hazardous waste. Equally important, the resulting paint chips are
no longer a threat to the world's environment. About Solucorp
Solucorp Industries, Ltd., a Canadian corporation is parent to
three U.S. corporations including: Solucorp Industries, focusing on
the metals remediation and pollution prevention industries.
Solucorp's patented MBS(R) technology began development over twenty
years ago and offers a permanent solution to heavy metals pollution
problems. Solucorp's MBS(R) has also undergone U.S. EPA MEP
(Multiple Extraction Procedure) testing demonstrating its ability
to prevent the return of metal pollution for in excess of 1,000
years. Since being patented, MBS(R) 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
publication produced by the EPA titled Superfund Innovative
Technology Evaluation (SITE) Program, Technology Profiles 10th
Edition, and Demonstration Program. The Integrated Fixation System
(IFS) technology was developed from Solucorp's EPA SITE Program
proven MBS(R) process. The IFS technology deals with pollution
prevention rather than existing contamination problems. IFS can be
integrated into many types of product applications. IFS prevents
future contamination from metals such as lead, mercury, arsenic,
chromium (hex or tri), cadmium, zinc, nickel, selenium, antimony,
barium, beryllium, silver, thallium and vanadium. IFS can be added
to pollutant-bearing products such as batteries, paint strippers,
bullets, filters, computers, lamps, switches appliances, etc. IFS
can be applied through a multitude of delivery systems both as
solids and non-solids. The solid compound delivery systems include,
for example, blocks, tablets, spikes and flakes. Some examples of
non-solid delivery systems include laminates, inks, pastes,
powders, gels, and slurries. IFS can be designed to activate and
release under conditions such as exposure to light, pressure,
acids, natural oxidation, etc. IFS has no limitations in how and
where it can be integrated into metal containing products.
Customized products can be designed and manufactured to meet
specific needs. WITS Inc., founded in 2001 and purchased by
Solucorp in June 2004, is capable of supplying package systems to
treat contaminated wastewater as low as 20 gallons per minute and
upwards of 200 gallons per minute. By installing multiple package
systems, flows greater than that can be achieved. In addition to
pricing advantages, the WITS package produces a better water end
result without using harmful chemicals. The major water/wastewater
areas where the WITS' package can be utilized with significant
benefits includes water utilities; wastewater utilities; sludge
processing; combined sewer overflows; industrial pretreatment;
offshore oil rigs; livestock industry and in food & beverage
industry wastewater, automotive/metal processing discharging,
recyclable water recovery and phosphorous removal. WITS also has a
network of representatives throughout the Country to promote their
technology. This wide range of uses provides Solucorp with the
ideal complement to its remediation and metals pollution preventive
proprietary technologies. 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.
Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2023 to Jul 2024