Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2019 to Jul 2024
Solucorp Industries, Ltd.- (OTC: SLUP) announces that an
agreement has been signed with a leading worldwide manufacturer and
provider of filtration products to integrate Solucorp's patented self
remediating metals' contaminated paint booth filters into their
existing filter manufacturing lines. At the request of the filter
manufacturer the name of the company is being withheld at this time.
Solucorp invented and filed patents for its innovative
self-remediating metal removal filters, which eliminates the need for
hazardous waste disposal of the filters and the related negative
impact to the environment.
The goal of the venture is to substantiate that the two companies
technologies can be combined, mass-produced, and commercialized into
the $6 billion per year environmental filtration market. This
agreement provides Solucorp with the opportunity to join forces with
the premiere provider of filtration technology. In addition, the
integration of Solucorp's technology allows for further compliance
with NESHAP (National Emissions Standards for Hazardous Air
Pollution). Previous to Solucorp's filter technology spent paint booth
filters were hazardous and had to be disposed of in this manner. This
accented environmental concerns and resulted in disposal costs nearly
equaling the cost of the filters. Self-remediating filters eliminate
the environmental concerns, save disposal dollars and give "value
added" benefits to the manufactured products.
The Agreement outlines a timetable during which all of the
development and manufacturing work will be completed to integrate
Solucorp's technology into the filter manufacturing process. The
filters will then be tested (Beta test) to ensure that the metals
accumulated in the spent filters were rendered non-hazardous. Solucorp
has already confirmed the filters self-remediating capabilities
through independent certified laboratory testing resulting in the
filing of the patent application for the filter technology. They will
have the first right of refusal for the licensing, royalty or buyout
of Solucorp's filter technology.
Richard Runco, President of Solucorp Industries, Ltd., said "We
are extremely excited that our innovative filter technology has been
recognized by a leader in this industry who is conscious of the need
for a "greener" environment. The continued interest in our technology
by major manufacturers clearly demonstrates to Solucorp that the
desire for heavy metals pollution prevention and Solucorp's innovative
proprietary technologies have reached the same plateau. We believe
that this is only the beginning of things to come with filter
technology."
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.