Solucorp Industries (CE) (USOTC:SLUP)
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Solucorp Industries (OTC: SLUP) announced that its IFS-2C mercury
emission control technology is scheduled to be demonstrated in March at
a mega coal fired energy plant on a large coal fired boiler burning
bituminous coal. The energy company has accepted a proposal from
Environmental Energy Services, Inc. (EES®), a
licensee of Solucorp, to demonstrate the technology in a wet FGD system
and issued a purchase order on January 11, 2008 for the IFS-2C process.
The scope of work will be completed over several phases in harmony with
plant operations with the demonstration expected to be completed in
April 2008. The initial site walkthrough was completed by Solucorp on
January 21, 2008.
Solucorp’s patent pending IFS-2C mercury
emission control technology has already been successfully demonstrated
in a live coal fired furnace facility in Litchfield, Michigan, as
announced on January 23, 2008 The technology is unique in its’
ability to remediate mixed heavy metal contaminants, including elemental
mercury, contained within the wastewater and fly ash residue.
Solucorp’s IFS-2C technology reduces inlet
vapor-phase Hg0 (elemental mercury) while
preventing mercury re-emissions and preserving gypsum purity. “We
believe that more coal fired energy companies are taking a proactive
approach toward correcting the mercury emission control problem facing
coal-energy providers today as they begin to deal with new stringent
clean air requirements,” noted Noel E.
Spindler, President of Solucorp’s IFS
subsidiary. “This demonstration sets the stage
for commercialization of the IFS-2C technology for use in coal burning
power plants.”
Headquartered in Sandy Hook, Connecticut, Environmental Energy Services,
Inc. (EES) is Solucorp’s North American
marketing arm for its IFS-2C mercury remediation technology in the
expansive U.S. coal-burning utility market. EES is deploying its
national sales network to actively promote IFS-2C to regions requiring
efficient solutions to mercury emissions concerns. Given the market
dynamics around the IFS-2C technology, EES anticipates securing several
more purchase orders for full-scale demonstrations, with the primary
goal of generating revenues from sale of the IFS-2C chemical reagent in
2008.
Mark Pastore, VP Technical Development for EES, commented, “EES
is very excited about working closely with Solucorp on this upcoming
project to meet or exceed the facility’s
objectives. A successful demonstration will not only elevate the
Solucorp IFS-2C platform, but will enable EES to provide our coal
customers with a successfully proven innovative mercury control
technology.”
Solucorp has recently added two consultants to its’
staff in anticipation of the transition from research and development to
commercialization of its IFS-2C technology. John F. Oakley, chemical
engineer, is a profit and action oriented General Manager with 30 years
of accomplishments in the chemical and related industries with a diverse
functional background in sales, marketing, operations and R&D. Oakley’s
strength is in planning and business development and his focus will be
on the continued introduction and development of the IFS-2C technology
to the energy industry.
Jeff Cohen, Ph.D chemical engineer, performs consulting services in
business development, commercialization of new products / technology and
process development. Cohen is the holder of numerous patents and also
has hands on experience in business development, process engineering,
and chemistry.
About Environmental Energy Services, Inc.
EES www.eescorp.com is a leading
provider of fuel treatment programs for utility companies in the United
States, Mexico, and several other countries. EES is committed to
defining and advancing fuel treatment technologies, and to the
introduction of new products and systems which are increasingly more
efficient, cost effective, and responsive to utility and industry needs.
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.