SLUP Solucorp Industries Ltd (CE)

Solucorp Industries Ltd. announced today positive independent test results and the completion of development of the first "water activated" self remediating paint booth filters. The highly cost effective self-remediating paint filters eliminate the need for disposal of the filters as hazardous waste. Developed by Solucorp Industries Ltd.'s wholly owned subsidiary Integrated Fixation System Co., Inc. (IFS), the filters have undergone extensive independent testing and assessment by two certified laboratories. The results clearly verified the filter's efficacy by repeatedly demonstrating that metals captured by the filters during the paint application process, once activated by water, were rendered inert. The filter passed the U.S. Environmental Protection Agency's (EPA) Toxicity Characteristics Leachate Procedure (TCLP) and can therefore be disposed of as non-regulated, hazardous, debris. For the first time, Solucorp's filters eliminate hazardous disposal fees of as much as $8.00 per filter. Utilization of the new self-remediating filters also reduces the related liability for users associated with hazardous waste disposal and serves as a major facilitator for a greener environment. Richard Runco, President of Solucorp Industries Ltd., stated, "Self-remediating paint filters represent a win on all fronts - good for business and good for the environment. Our goal is to provide these self-remediating filters at a cost which is only slightly above the cost of ordinary non-remediating filters while providing the additional benefit of saving the user high disposal expense and other costs associated with hazardous waste disposal (such as liability insurance, legal fees, regulatory filings, etc.). "Although the size of the world market for filter disposal is not easily quantifiable, we understand that one large aircraft manufacturer alone reportedly spends $17 million per year in total hazardous waste disposal, and we estimate over $5 million of that is spent on paint booth filter disposal. The use of the IFS filter would completely eliminate this disposal cost, resulting in significant bottom line improvement for the user," Runco said. Paint booth filters are used extensively by both the military and private industries throughout the world. Common uses include painting of airplanes, railcars, automobiles and military vehicles. The IFS product line provides environmentally friendly ("green") consumer and commercial products for the prevention of pollution at the source. Other IFS self-remediating products include LEAD-OUT Paint Stripper - which successfully strips and stabilizes hazardous lead upon contact allowing for disposal at non-hazardous landfills. The IFS technology was developed as an extension of Solucorp's EPA Super Innovative Technology Evaluation (SITE) Program-proven Molecular Bonding System(R) (MBS) process. The IFS technology consists of various patented proprietary delivery systems that can be integrated into many types of products to remediate existing problems on contact. IFS technology can also be built into manufacturing lines to stop pollution at the source, never allowing the metal contamination to occur. IFS products will prevent 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 also 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 such as solids and non-solids. The solid compound delivery system includes 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 water, weather, 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. Solucorp has applied for nine patents of which three have been issued and six have reached "patent pending status." The Company has developed numerous prototypes for additional patents utilizing its proprietary formulas into plastics, cardboards, liquids and gels. The IFS product lines are designed to completely eliminate metals pollution from the environment by working with manufacturers and the related remediation industries. Solucorp is actively seeking licensees for remaining open sales territories in the U.S. and abroad. Interested parties can contact Ed Ceccacci, V.P. Operations, at (845) 623-2333. Solucorp has implemented a territorial licensing program for its IFS products both in the U.S. and throughout the world which has already attracted a number of sales and distribution companies which in turn have already signed licensing agreements. About Solucorp Industries, Ltd. Solucorp Industries, Ltd., (SLUP.PK) (www.solucorpltd.com) is a developer and provider of patented, cost effective and permanent technologies for the remediation and prevention of hazardous heavy metal contamination. Solucorp operates three wholly owned subsidiaries: Solucorp Industries, Integrated Fixation System Company Inc., and WITS, Inc. 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.