Planet Resource Recovery (PK) (USOTC:PRRY)
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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.