Plateau Mineral Development, Inc. Announces Early Fabrication of Tire Converter
June 22 2010 - 3:15PM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) announced
today that the firm, in conjunction with Environmental Solutions,
has commenced the permitting process for the Tire Converter, and
once that's done, early fabrication will begin.
Permitting and early fabrication allow Plateau and EnSol's
engineers to resolve any fabrication issues that could make
building the Converter take longer than needed. Fabrication issues
need to be fixed in order to avoid unforeseen delays that would
include follow-on production problems.
The Converter will recover carbon black, oil, gas and petroleum
solvents from tires. The market for carbon black includes the
manufacturing of batteries and other products, making it an even
more important commodity than the company had originally thought.
Carbon black sells for approximately $0.46 per pound.
A prototype unit was put to the test, showing that the converter
yields more than 95% of usable product after it converts the
materials put into it. The fully-operational converter is the size
of a truck bed. However, the goal is to fabricate and test a
portable unit that can be taken to remote sites for conversion and
environmental cleanup jobs.
Robert Matthews of Plateau Mineral Development, Inc. states,
"We're thrilled to take the Tire Converter onto the next step in
the process. The pre-fabrication brings us one step closer to
taking the product to market."
About Plateau Mineral Development, Inc.:
Plateau Mineral Development has been in existence for over five
years.
Safe Harbor
Statement: This information includes certain
"forward-looking statements." The forward-looking statements
reflect the beliefs, expectations, objectives and goals of the
Company management with respect to future events and financial
performance. They are based on assumptions and estimates, which are
believed reasonable at the time such statements are made. However,
actual results could differ materially from anticipated results.
Important factors that may impact actual results include but are
not limited to commodity prices, political developments, legal
decisions, market and economic conditions, industry competition,
the weather, changes in financial markets and changing legislation
and regulations. Matters discussed in this press release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These include but are not limited to risks and
uncertainties associated with the impact of economic, competitive
and other factors affecting the Company and its operations,
markets, product, and distributor performance, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently; and other factors detailed in reports
filed by the Company. Forward-looking statements are intended to
qualify for the safe harbor provisions of Section 21E of the
Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development, Inc.
Investor Relations
410-242-0763
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