Solucorp Industries (CE) (USOTC:SLUP)
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From Jul 2019 to Jul 2024
Solucorp Industries (OTC: SLUP) today announced (further
to the press release dated Nov.4, 2004) it has created, successfully
tested and has a patent pending on the first self-remediating Paint
Booth Filter. Using Solucorp's EPA "SITE" (Superfund Innovative
Technology Evaluation) approved technology and its patented IFS
products, Solucorp has developed and tested a self-remediating filter
that eliminates the adverse toxic effects of heavy metals such as lead
and chromium contained in paint residue in filters, thereby
permanently rendering it non-hazardous, and eliminating the adverse
effects of its disposal on the environment. The self-remediating
filter could completely revolutionize the paint booth filter industry
by eliminating the need for the spent filters to be disposed of as
hazardous waste. "With Solucorp's self-remediating filter, which
maintains the same filtering capacity as the traditional filter, the
filters can now be disposed of as a non-hazardous waste, saving
companies millions of dollars in disposal costs" states Richard Runco,
President of Solucorp.
The paint booth filters are used extensively in the aeronautics
industry for the containment of chromium paint used to refinish
airplanes and aeronautic equipment. They are also used for all types
of vehicles, such as armored tanks; outdoor storage facilities; and
bridges like those employed by military, commercial and industrial
users. In addition filters can also be used in indoor firing ranges,
machine shops and any industry that would require ventilation of
hazardous metals in an enclosed environment. Users of the
self-remediating filters can realize tremendous savings from the use
of the filters, as well as help eliminate the record keeping,
liabilities, and insurance costs associated with the disposal of
hazardous waste.
Solucorp believes that current paint booth filters will become
obsolete should its technology be accepted because the newly invented
self-remediation filters are price competitive with the inferior
filters that have added hazardous waste disposal costs.
Scientific testing has shown that Solucorp's self-remediating
filter maintains the filtering capacity of a traditional paint booth
filter while rendering harmless the toxic heavy metal contamination
captured by the filter. Typical disposal costs for a drum of hazardous
paint residue, for example could cost $325.00 for currently captured
residue versus about $100.00 for a drum of residue captured by using
Solucorp paint filters. This represents great savings to the filter
users as well as the elimination of liability associated with the
disposal of hazardous waste. Equally important, the resulting paint
chips are no longer a threat to the world's environment.
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.