Solucorp Completes Development of Self Remediating Paint Filters -- Expands Sales Licensing Network
June 27 2006 - 8:30AM
Business Wire
Solucorp Industries Ltd. announced today positive independent test
results and the completion of development of the first "water
activated" self remediating paint booth filters. The highly cost
effective self-remediating paint filters eliminate the need for
disposal of the filters as hazardous waste. Developed by Solucorp
Industries Ltd.'s wholly owned subsidiary Integrated Fixation
System Co., Inc. (IFS), the filters have undergone extensive
independent testing and assessment by two certified laboratories.
The results clearly verified the filter's efficacy by repeatedly
demonstrating that metals captured by the filters during the paint
application process, once activated by water, were rendered inert.
The filter passed the U.S. Environmental Protection Agency's (EPA)
Toxicity Characteristics Leachate Procedure (TCLP) and can
therefore be disposed of as non-regulated, hazardous, debris. For
the first time, Solucorp's filters eliminate hazardous disposal
fees of as much as $8.00 per filter. Utilization of the new
self-remediating filters also reduces the related liability for
users associated with hazardous waste disposal and serves as a
major facilitator for a greener environment. Richard Runco,
President of Solucorp Industries Ltd., stated, "Self-remediating
paint filters represent a win on all fronts - good for business and
good for the environment. Our goal is to provide these
self-remediating filters at a cost which is only slightly above the
cost of ordinary non-remediating filters while providing the
additional benefit of saving the user high disposal expense and
other costs associated with hazardous waste disposal (such as
liability insurance, legal fees, regulatory filings, etc.).
"Although the size of the world market for filter disposal is not
easily quantifiable, we understand that one large aircraft
manufacturer alone reportedly spends $17 million per year in total
hazardous waste disposal, and we estimate over $5 million of that
is spent on paint booth filter disposal. The use of the IFS filter
would completely eliminate this disposal cost, resulting in
significant bottom line improvement for the user," Runco said.
Paint booth filters are used extensively by both the military and
private industries throughout the world. Common uses include
painting of airplanes, railcars, automobiles and military vehicles.
The IFS product line provides environmentally friendly ("green")
consumer and commercial products for the prevention of pollution at
the source. Other IFS self-remediating products include LEAD-OUT
Paint Stripper - which successfully strips and stabilizes hazardous
lead upon contact allowing for disposal at non-hazardous landfills.
The IFS technology was developed as an extension of Solucorp's EPA
Super Innovative Technology Evaluation (SITE) Program-proven
Molecular Bonding System(R) (MBS) process. The IFS technology
consists of various patented proprietary delivery systems that can
be integrated into many types of products to remediate existing
problems on contact. IFS technology can also be built into
manufacturing lines to stop pollution at the source, never allowing
the metal contamination to occur. IFS products will prevent 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 also 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 such as
solids and non-solids. The solid compound delivery system includes
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 water, weather, 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. Solucorp has applied for nine patents of which
three have been issued and six have reached "patent pending
status." The Company has developed numerous prototypes for
additional patents utilizing its proprietary formulas into
plastics, cardboards, liquids and gels. The IFS product lines are
designed to completely eliminate metals pollution from the
environment by working with manufacturers and the related
remediation industries. Solucorp is actively seeking licensees for
remaining open sales territories in the U.S. and abroad. Interested
parties can contact Ed Ceccacci, V.P. Operations, at (845)
623-2333. Solucorp has implemented a territorial licensing program
for its IFS products both in the U.S. and throughout the world
which has already attracted a number of sales and distribution
companies which in turn have already signed licensing agreements.
About Solucorp Industries, Ltd. Solucorp Industries, Ltd.,
(SLUP.PK) (www.solucorpltd.com) is a developer and provider of
patented, cost effective and permanent technologies for the
remediation and prevention of hazardous heavy metal contamination.
Solucorp operates three wholly owned subsidiaries: Solucorp
Industries, Integrated Fixation System Company Inc., and WITS, Inc.
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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