UltraStrip Sells Robotic System to Japanese Company
February 16 2006 - 7:00AM
PR Newswire (US)
STUART, Fla., Feb. 16 /PRNewswire-FirstCall/ -- UltraStrip Systems,
Inc. (OTC:USTP) (BULLETIN BOARD: USTP) , the Stuart, Florida-based
homeland security technology company, announced a $665,000 sale and
delivery of one of its patented robotic waterjetting systems to USJ
Investment Co, Ltd., a Japanese investment company. Included among
the partners in USJ Investment are Chiba Marine Yokohoma Co., Ltd.,
Shuwa Kaiun Kaisha, Ltd., and Ihara Co., Ltd. The Japanese
partnership will utilize UltraStrip's robotic technology to perform
high-speed coating removal services to shipyard customers in Japan.
The customers will include the shipyards, as well as the owners of
oil tankers, cruise ships, bulk carriers, and container ships that
bring their ships to the various Japanese shipyards UltraStrip
Systems, Inc.'s Chief Financial Officer, J.C. "Jim" Rushing III,
commented, "The first quarter 2006 immediate revenue from the sale
in the Japanese market is an extremely important milestone for
UltraStrip. The focused interest and investment of the Japanese
marine industry in UltraStrip's technology signals an increased
potential for additional revenue in the first half of 2006 from Far
East markets." Stephen R. Johnson, President of UltraStrip
Envirobotic Solutions, a subsidiary of UltraStrip, said, "This is a
significant first step for us in Asia. The Japanese market is well
known to be technically demanding, so to have our robotic system
chosen by sophisticated customers is an important achievement. It
has taken several years to create the necessary partnerships,
demonstrate our product quality and reliability, and to achieve
customer acceptance of our cutting-edge coating removal technology.
We now look forward to significant additional sales in Japan
serving the ship repair and above-ground storage tank markets."
UltraStrip is a technology firm that develops and manufactures
patented equipment to provide solutions to homeland security,
military, and environmental problems. UltraStrip's patented robotic
water jetting systems are provided through its UltraStrip
Envirobotic Solutions subsidiary and are designed to provide an
environmentally and cost-effective coatings removal process for a
range of commercial and military vessels, including military
support vehicles. The robotic systems have been utilized for U.S.
Navy ships (including the U.S.S. Cole after its attack off the
coast of Yemen), cruise ships, and tankers in shipyards throughout
the world. Additionally, The Company's proprietary Mobile Emergency
Filtration Systems and Tactical Water Filtration Trucks, provided
through its Ecosphere Technologies subsidiary, are breaking new
ground by transforming its powerful water-filtration and
purification technology for use in the world's most challenging
applications, including the military (e.g., for troop deployments)
and Homeland Security (e.g., to areas hit by man-made or natural
events that damage vital water resources). The Company's Mobile
Emergency Filtration System successfully operated for six weeks in
Waveland, MS following that community's devastation from Hurricane
Katrina, providing bulk water for drinking, bathing, cooking, and
cleaning purposes. In December 2005, UltraStrip announced it
entered into a Joint Manufacturing and Marketing Agreement with
Pierce Manufacturing Corp., a subsidiary of Oshkosh Truck Corp
(NYSE:OSK). Further information on UltraStrip can be obtained
through its websites http://www.ultrastrip.com/ and
http://www.ecospheretech.com/ . This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act"), including,
but not limited to, the potential revenue from Far East markets.
Additionally, words such as "seek," "intend," "believe," "plan,"
"estimate," "expect," "anticipate" and other similar expressions
are forward-looking statements within the meaning of the Act. Some
or all of the events or results anticipated by these
forward-looking statements may not occur. Factors that could cause
or contribute to such differences include UltraStrip's ability to
obtain sufficient financing to meet its working capital and other
needs and the buyer's ability to penetrate the Japanese market.
Further information on the Company's risk factors is contained in
the Company's Form 10-KSB and other filings with the Securities and
Exchange Commission. First Call Analyst: FCMN Contact: DATASOURCE:
UltraStrip Systems, Inc. CONTACT: Stephen R. Johnson, President,
UltraStrip Envirobotic Solutions, +1-772-287-4846, or Web site:
http://www.ultrastrip.com/
Copyright