Solucorp Industries (CE) (USOTC:SLUP)
Historical Stock Chart
From Jul 2019 to Jul 2024
Solucorp Industries Ltd. (OTC:SLUP) today announced that
its wholly-owned subsidiary WITS, Inc., has successfully installed its
patented electrocoagulation system into the Town of Keysville's
Wastewater Treatment Plant (Press Release 11/22/04). The selection of
WITS for this project was made by F.L. Showalter, Inc., the general
contractor on the project.
WITS' electrocoagulation technology was specified for copper
removal from the Keysville waste stream by B & B Consultants, a
Virginia-based engineering firm which had conducted an extensive
review of WITS' technology capabilities. WITS' proprietary technology
utilizes electrocoagulation to remove contaminants from wastewater.
Although electrocoagulation has been utilized for almost 100 years,
WITS' patents focus on proprietary technologies that refine the
process to increase contamination removal. WITS' system costs less to
install and lowers daily operating costs while eliminating
environmental problems such as metals pollution which are encountered
when using biological wastewater treatment systems.
WITS' electrocoagulation is a process based on the use of strong
electric fields and electrically induced oxidation and reduction
reactions. This process can in most cases take out more than 99
percent of heavy metals and is also able to kill microorganisms in the
wastewater. It is also able to precipitate charged colloids (organics
and inorganics) and remove significant amounts of other ions (heavy
metals) colloids and emulsions. This contract marks the first for WITS
that uses the company's proprietary new plate and frame chamber
design, which in addition to other cost benefits simplifies
maintenance and cleaning.
The installation of this system took place on Wednesday July 27th,
2005 and serves as a model to be utilized by WITS for sale of similar
units to the wastewater treatment industry.
Richard Runco, President of Solucorp states, "Solucorp/WITS
offers a turn key solution to private companies and municipal, state,
federal, and governmental agencies experiencing wastewater
contamination and all other metal pollution problems in the air and
soil."
About WITS Inc.
WITS Inc., founded in 2001, has developed a proprietary line of
electrocoagulation products that provide advantages in most of the
wastewater/waste treatment sectors. In addition to pricing advantages,
the WITS EC system produces a better water end result while using
fewer harmful chemicals. The major water/wastewater areas where the
WITS technology 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 processing plants.
About Solucorp
Solucorp Industries Ltd. consists of WITS, Inc., Solucorp and
Integrated Fixation System, Co., three companies involved in the
environmental remediation industry, see web site www.solucorpltd.com.
Solucorp's patented Molecular Bonding System (MBS(R)) technology can
clean up and treat wastes where heavy metals are present by chemically
binding those metals so that they will not leach and contaminate the
groundwater. The MBS technology has been used throughout the East
Coast in states including New York, Massachusetts and Rhode Island.
Solucorp's MBS 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 periodical produced by
the EPA titled Superfund Innovative Technology Evaluation ("SITE")
Program, Technology Profiles Edition, and Demonstration Program.
About Integrated Fixation System
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 heavy
metals such as lead, mercury, arsenic, chromium (hex or tri), cadmium,
zinc, nickel, selenium, antimony, barium, beryllium, silver, thallium
and vanadium. IFS can be applied through a multitude of delivery
systems both as solids and non-solid. The solid compound delivery
systems include, for example blocks, tablets, spikes and flakes. Some
examples of non-solid delivery systems include, for example 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.
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
payments 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.