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SLUP Solucorp Industries Ltd (CE)

0.000001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Solucorp Industries Ltd (CE) USOTC:SLUP OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Solucorp's Toxic Metals Self-Remediating Paint Filters Offer ``Green'' Solution To Age Old Disposal Problem

15/06/2005 1:30pm

Business Wire


Solucorp Industries (CE) (USOTC:SLUP)
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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.

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