Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Solucorp Industries (CE) Charts. Click Here for more Solucorp Industries (CE) Charts.](/p.php?pid=staticchart&s=NO%5ESLUP&p=8&t=15)
Solucorp Industries, Ltd. (OTC: SLUP) has entered into an agreement with
Marine and Waterways Solutions, LLC (MWS) to exclusively utilize Solucorp’s
patented Molecular Bonding System (MBS) technology to remediate heavy
metal contamination found at marine and waterway industrial development
locations worldwide. MWS is engaged in delivering environmental,
renewable energy and sustainable development solutions to marine and
waterway developments, ports, shipping operations and other related
industries worldwide.
MWS has a teaming agreement with the global planning group, Maritime
Transport & Logistics Advisors, LLC (Maritime Advisors), to focus on the
remediation of marine and waterway locations worldwide. Together the two
companies will promote the MBS technology in key markets and projects
where Maritime Advisors has established working relationships and has
key contacts for future projects. Maritime Advisors is a highly
diversified, select group of professional affiliate consultants based in
Fort Lauderdale, Florida with more than 400 years of combined experience
in maritime transportation.
Under the terms of this agreement, Solucorp will provide all the
necessary sales and marketing materials (powerpoint presentations,
brochures, MSDS sheets), technical support, and training to both MWS and
Maritime Advisors to promote and recommend the MBS technology for use in
heavy metal cleanups of contaminants such as lead, mercury, chromium,
arsenic, and zinc at marine and waterway seaport locations. The Company
will also sell to its partners the MBS chemical reagents required for
all clean ups.
MWS will solicit marine and waterway project work, identify remediation
contractors to become MBS remediation contractors, and attend meetings
and tradeshows to further promote the MBS technology. MWS will be
responsible for all funding associated with this new Limited Partnership
agreement. Solucorp will maintain a 19.6 percent ownership in the
Limited Partnership and receive cash profit participation distributions
upon completion of projects, proportionate to its ownership percentage.
Steve Holmes, Chairman, Marine & Waterways Solutions, stated, “Solucorp’s
technology is the perfect solution for heavy metal contamination in
port, marine and waterfront industrial developments. MBS will be used to
cleanup contaminated soil and sediments as a result of years of
industrial pollution. Growth in the maritime industry is not slowing,
even in the face of the current economic adjustments. One of the most
significant issues facing developers is soil contamination from heavy
metals. With the established worldwide reputation of our partner,
Maritime Advisors, it is our goal to help rapidly facilitate the
deployment of Solucorp’s MBS technology
around the globe over the coming years.”
“Steve Holmes has a proven track record and
more than 24 years of experience in hazardous waste remediation, land
use management, environmental engineering and corporate media consulting,”
states Noel E. Spindler, President of Solucorp’s
Integrated Fixation System subsidiary. “Maritime
Advisors brings a wealth of experience and expertise to the table which
we believe will lead to a highly successful and profitable partnership.”
About Solucorp Industries Ltd.
Solucorp Industries Ltd., www.solucorpltd.com
is a developer and provider of cost effective, 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.
The foregoing discussion contains forward-looking statements, which are
based on current expectations. Actual results, including the outcome of
demonstration results, 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.