Solucorp's Molecular Bonding System (MBS(R)) Technology Plays Key Role in Licensee Winning 'Brownfield Project of the Year' Awar
December 12 2005 - 7:00AM
PR Newswire (US)
FORT LAUDERDALE, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Solucorp
Industries Ltd. (OTC:SLUP) is pleased to announce that efforts to
clean-up the former Ocean State Steel Property by the city of East
Providence, Rhode Island and Solucorp's Molecular Bonding System
(MBS(R)) technology licensee, New York-based GeoNova Development
Corp, have earned the "Brownfield's Project of the Year" Award from
the Environmental Business Council of New England. The award, which
was presented at the Council's annual meeting in Newton, MA, cites
the creative reuse and remediation of 27 acres of land along the
Seekonk River, in one of the largest environmental cleanups in
Rhode Island history. The property had suffered from more than a
century of heavy industrial use and contamination from such metals
as lead, arsenic and cadmium. GeoNova approached the city with a
plan to restore the land utilizing Solucorp's EPA proven MBS metal
remediation technology, so it could be used for townhouses,
condominiums and single-family homes. The city received a
$2-million Brownfield economic development grant from the U.S.
Department of Housing and Urban Development and helped GeoNova
acquire a $3- million low-interest government loan. GeoNova
purchased from Solucorp a license to utilize Solucorp's MBS
technology for Brownfield remediation and redevelopment sites. MBS
renders metal-contaminated soil inert and has passed the U.S. EPA
Multiple Extraction Procedure (MEP) for 1,000 years, showing that
Solucorp's technology permanently stops heavy metals from leaching
into the environment. This process will also prevent hazardous
metals waste from seeping into the river. In the September 30th,
2003 issue of The Providence Journal in an article entitled "City
Closes Steel Mill Land Deal," GeoNova's principal officers,
including CEO George Lee and its executive vice president, Mary F.
Voce, said "they are confident that their company can bring value
to land others have dismissed as too expensive to save, because
they hold the rights to a new system of remediation that makes it
affordable. The Molecular Bonding System, as it's called, allows
workers to neutralize the soil without having to truck it away,
thereby saving millions in cleanup costs." In the June 9th, 2005
issue of The Providence Journal, City Manager William J. Fazioli
said, "GeoNova will soon submit a plan to the Special Waterfront
District Commission for a project that is expected to create
housing for between 400 to 500 families in a New England-style
village." The Providence Journal also states that "GeoNova's plan
to turn a blighted property into a mixed-use asset is a great fit
with our waterfront redevelopment efforts." According to Jeanne M.
Boyle, the city's Director of Planning and Interim Director of the
Waterfront Commission: "The project is also a catalyst for
generating additional interest among developers so that we may best
reuse our city's underutilized land." "Solucorp's MBS is a
permanent solution to heavy metal pollution. Riverside properties
contaminated with metals were previously considered by many experts
to be non-usable for fear of polluting the water. Many such prime
properties remain abandoned. The Ocean State Steel site clean-up,
multi-million dollar refurbishment and impending construction
project serve as a testimonial to Solucorp's technological
abilities and commitment to providing innovative products for an
environment free of hazardous waste," said Richard Runco, President
of Solucorp Industries, Ltd. About Solucorp Industries, Ltd.
Solucorp Industries, Ltd., a Canadian corporation is parent to
three U.S. corporations including Solucorp Industries, which
focuses 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 http://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 food and beverage
industry wastewater; automotive/metal processing discharge; and
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. DATASOURCE:
Solucorp Industries Ltd. CONTACT: Richard A. Runco, President,
Solucorp Industries, Ltd., +1-954-568-7018 Web site:
http://www.solucorpltd.com/ http://www.epa.gov/
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