Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2019 to Jul 2024
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.