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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Virotec Intl | LSE:VTI | London | Ordinary Share | GB00B15PVR02 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1823Y Virotec International PLC 12 June 2007 VIROTEC INTERNATIONAL PLC 12 June 2007 Radium ProActivTM Drinking Water Filter Online The Directors of Virotec International plc ("Virotec") (AIM:VTI) are pleased to announce that Virotec AquaSolve's first water filtration system in the USA, using Virotec's Radium ProActivTM reagents at Gilbert-Summit Rural Water District in Gilbert, South Carolina, USA is on-line. The construction of a second system has commenced and should be in commercial operation for a second customer in approximately 12 weeks. Virotec's first contract for a radium filter was announced last year and its development has been the subject of great interest and scrutiny from South Carolina state regulators. As with any new, full-scale treatment system for drinking water, it has been necessary for the Radium ProActivTM solution to be thoroughly tested during a prolonged pre-treatment period. The testing has now achieved regulator signoff and Virotec's treatment for extracting radium from drinking water is online and providing clean water to the community. The testing, whilst extensive and necessary to allow the first system to go online, enables the future rollout of Virotec's Radium ProActivTM reagents with far less regulator scrutiny. Additionally, now that the first system is online, it will be used as a showcase for regulators and other interested clients from a number of US states. The key features of the Radium ProActivTM solution are: - * It is a cost effective treatment; * It is able to reduce the level of radioactive radium in water to ten times below the allowable limit; * The reagents used, once spent, have the ability to pass all appropriate leachate tests to be safely and cheaply disposed of at a normal landfill facility; * Workers will not be exposed to elevated levels of radiation as is the case with alternative methods of treatment; and * It is able to be added or retrofitted to filters for all wells regardless of their size. Executive Chairman, Brian Sheeran comments "Virotec has received great support from the regulators in South Carolina where radium continues to be a problem in drinking water wells. As we now have an excellent reference site, in a commercially operating environment, we have commenced an active marketing campaign for extensive roll out of Radium ProactivTM solution in USA. The pre-treatment period was extensive, and at times frustrating, but it was necessary to meet the stringent requirements of US regulators and to fine tune the installation of the first system. Meanwhile, further improvements have been made at our substantial US production facility which recently passed inspection by the National Sanitation Foundation for the production of reagents specifically to treat drinking water. " For further information please contact Angus Craig, Company Secretary on +617 5573 3353 or by email at mail@virotec.com. Additional Information on Virotec AquaSolve LLC ("AquaSolve") AquaSolve is a specialty water treatment company based in South Carolina, and is 66.7% owned by Virotec International plc and 33.3% owned by CW Partners, part of the Wade Craven Group. AquaSolve was initially licenced by Virotec to market ViroFlowTM Technology and systems using Radium ProActivTM, Arsenic ProActivTM and ViroPhosTM reagents for removal of radium, arsenic, and phosphate, respectively, in South Carolina, North Carolina, Virginia, and Georgia and more recently Florida. In addition to the above, the AquaSolve team assists in the development of the systems necessary to deliver the solutions to address the environmental problems in the region. AquaSolve also assisted in the Radium ProActivTM and Arsenic ProActivTM reagents being certified by the National Sanitation Foundation ("NSF") in the USA for use in the treatment of drinking water. It is proposed that each drinking water installation that adopts the Technology will be licenced, with fees to be based principally on the amount of water to be treated. Additional fees will be earned from ongoing replenishment of Radium ProActivTM reagents in the filter systems. VIROTEC INTERNATIONAL PLC Company Number 5796515 www.virotec.com This information is provided by RNS The company news service from the London Stock Exchange END MSCDLLBFDQBXBBZ
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