Solucorp Announces Signing of Agreement with Ensco Caribe, Inc.
September 08 2005 - 3:09PM
Business Wire
Solucorp Industries Ltd. (OTC: SLUP) announces that it has signed
an agreement with Ensco Caribe Inc., (Ensco) part of the Ochoa
Group a large remediation company in Puerto Rico that specializes
in hazardous waste remediation throughout the Caribbean. Ensco will
have the sole rights to market, use, and sell Solucorp's patented
MBS(R) technology throughout the island of Puerto Rico and the rest
of the Caribbean. This agreement will allow Solucorp to increase
exposure in Puerto Rico and the Caribbean Islands of its EPA "SITE"
(Superfund Innovative Technology Evaluation) Program proven MBS
(Molecular Bonding System) Technology. Puerto Rico is home to
several well publicized environmental hazardous heavy metal
contaminated sites that are in immediate need of Solucorp's
technology. "We're confident that Ensco's engineering capabilities
combined with Solucorp's Military Licensee, Destiny International,
will provide Solucorp with the presence and support needed to
continue our assault on the contaminated military base clean-up
project on the island of Vieques," said Rich Runco, President of
Solucorp. Destiny is actively pursuing all aspects of Military
Business for Solucorp and concentrating on imminent environmental
problems resulting from Congressional approval of military base
closures (BRAC) throughout the United States and Europe. Ensco, a
leader in site and soil remediation is contractually required to
use Solucorp's MBS(R) technology for all of their future
heavy-metals remediation projects including those identified by
Solucorp. Ensco has handled numerous large projects throughout the
island of Puerto Rico and the Caribbean and has established a
reputation for targeting and eliminating contaminated sites that
present serious environmental and health problems. 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.
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