Solucorp Industries, Ltd. Commended for Environmental Achievements at Ravenna, Italy, Opening Door for Future Italian Contracts
April 19 2007 - 9:00AM
Business Wire
Solucorp Industries, Ltd. (OTC:SLUP) announced that it has received
a letter of commendation from Syndial S.p.A. for outstanding
environmental land remediation work performed at the Ponticelle,
Ravenna site in Ravenna, Italy. Solucorp completed the $5 million
reclamation project at the Ponticelle site in 2006. The Director of
the project for Syndial, a member of the ENI Group
(http://www.eni.it/home/home_en.html), sent a letter commending
Solucorp�s excellent work. The letter states that, �The project has
been completed with success, noting that results have surpassed the
17 day cession test prescribed by the local Italian Environmental
Control Agencies.� The letter goes on to inform, �That thanks to
the MBS (Molecular Bonding System) technology 85% of the material
treated on the property has already been reused on site.� The
remaining 15% remains clean and ready for use. �This operation was
successfully completed thanks to the MBS technology and �know how�
of Solucorp along with the engineering skills of Syndial in the
successful implementation of Solucorp�s first Italian use of MBS
technology.� The letter also states that, �Solucorp will be
inserted in Syndial�s list of qualified suppliers and it will be
therefore possible for Solucorp to enter into competitions for new
operations of reclamation of contaminated industrial sites� owned
by the ENI Group. On Sunday, February 11, 2007, an article was
published in the Ravenna Cronaca, a newspaper in Ravenna, Italy,
which told the story of the reclamation of the Ravenna, Ponticelle
site and the fact that it was the first use of patented MBS
technology in Italy. The article was prefaced by the statement �The
area Ca` Ponticelle is recleaned by an innovative American
Technology� and goes on to describe how the MBS technology which is
described at length in the U.S. Environmental Protection Agency
SuperfundInnovative Technology (SITE) Program (www.epa.gov) has
stabilized the contaminated soil, impeding harmful affluents from
spreading to the valleys and sea. The contaminated site was under
the control of ARPA
(http://www.arpa.emr.it/pubblicazioni/generale/generale_149.asp),
the Italian Environmental regulatory agency. �Costs of the project
were reduced 60% by Solucorp�s technology� allowing the soil to be
reused on the site, which lowered operating costs and eliminated
the added cost of trucking and dumping the treated material. The
reclaimed land will now be used by the municipal government, for
example, in a terminal for logistical connection to the port of
Ravenna as planned. This project culminates a six-year quest to
clean up the toxic land by the citizens of Ravenna. The agreements
for the clean up were initiated by the former Mayor of Ravenna. The
article goes on to say that Solucorp has captured the interest of
local companies for the treatment of incinerator ash and the
recovery of contaminated lands throughout Italy. A second site,
Polimeri, where inactive chemical plants are being disassembled, is
currently being evaluated by Syndial for cleanup with the proven
MBS technology. Richard A. Runco, President of Solucorp Industries,
Ltd., stated, �This glowing endorsement by Syndial, a part of ENI
Group, culminates several years of working with the Italian company
to achieve this great success. The remediated site at Ravenna has
been visited by many Italian environmental companies, regulatory
bodies, political personnel and engineers involved in contaminated
soil reclamation. Solucorp presently is in various stages of
negotiations with several companies for reclamation projects,
including the Marghera, Venice project, which is one of the largest
clean up projects in the country of Italy.� Solucorp also announced
it has signed a Joint Venture Agreement with So.Ing Strutture &
Ambiente S.r.l., an Environmental Engineering Company of Livorno,
Italy that performs geophysical testing of contaminated sites
worldwide. So.Ing gives Solucorp the ability to have sites
geophysically analyzed, which greatly reduces the cost of
traditional analysis methodology. Solucorp is in the process of
testing and also negotiating contracts with some of the highest
regarded Italian companies in the environmental field to spread its
patented MBS technology throughout not only Italy but all of
Europe. Solucorp has already completed the Ravenna, Ponticelle
project working with Snamprogetti, one of the largest environmental
engineering companies in Italy. About Solucorp Industries, Ltd.
Solucorp Industries, Ltd., is a provider and developer of cost
effective and permanent technologies for the remediation and
prevention of hazardous heavy metal (including lead, mercury,
arsenic, chromium, copper, zinc, nickel, selenium and cadmium)
contamination. Solucorp is the owner of several patents and
numerous additional patents that are pending. Solucorp Industries,
Ltd., has three wholly owned subsidiaries: Solucorp Industries,
Integrated Fixation System Company, Inc., and WITS, Inc.
Forward-Looking Comments In accordance with the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1955,
Solucorp cautions that statements in this press release, which are
forward-looking and provided other than historical information,
involve risks and uncertainties. Although we believe that the
expectations reflected in those forward-looking statements are
reasonable, we can give no assurance that those expectations will
prove to have been correct. Those statements are made by using
various underlying assumptions and are subject to numerous
uncertainties and risks, including, but not limited to, risks that
the technology may not produce the expected results or that its
commercial application may not be economically feasible.
Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Aug 2023 to Aug 2024