Solucorp Signs Agreement with Marine & Waterways Solutions, LLC to Utilize MBS Technology to Remediate Marine & Waterway Heav...
23 October 2008 - 11:00PM
Business Wire
Solucorp Industries, Ltd. (OTC: SLUP) has entered into an agreement
with Marine and Waterways Solutions, LLC (MWS) to exclusively
utilize Solucorp�s patented Molecular Bonding System (MBS)
technology to remediate heavy metal contamination found at marine
and waterway industrial development locations worldwide. MWS is
engaged in delivering environmental, renewable energy and
sustainable development solutions to marine and waterway
developments, ports, shipping operations and other related
industries worldwide. MWS has a teaming agreement with the global
planning group, Maritime Transport & Logistics Advisors, LLC
(Maritime Advisors), to focus on the remediation of marine and
waterway locations worldwide. Together the two companies will
promote the MBS technology in key markets and projects where
Maritime Advisors has established working relationships and has key
contacts for future projects. Maritime Advisors is a highly
diversified, select group of professional affiliate consultants
based in Fort Lauderdale, Florida with more than 400 years of
combined experience in maritime transportation. Under the terms of
this agreement, Solucorp will provide all the necessary sales and
marketing materials (powerpoint presentations, brochures, MSDS
sheets), technical support, and training to both MWS and Maritime
Advisors to promote and recommend the MBS technology for use in
heavy metal cleanups of contaminants such as lead, mercury,
chromium, arsenic, and zinc at marine and waterway seaport
locations. The Company will also sell to its partners the MBS
chemical reagents required for all clean ups. MWS will solicit
marine and waterway project work, identify remediation contractors
to become MBS remediation contractors, and attend meetings and
tradeshows to further promote the MBS technology. MWS will be
responsible for all funding associated with this new Limited
Partnership agreement. Solucorp will maintain a 19.6 percent
ownership in the Limited Partnership and receive cash profit
participation distributions upon completion of projects,
proportionate to its ownership percentage. Steve Holmes, Chairman,
Marine & Waterways Solutions, stated, �Solucorp�s technology is
the perfect solution for heavy metal contamination in port, marine
and waterfront industrial developments. MBS will be used to cleanup
contaminated soil and sediments as a result of years of industrial
pollution. Growth in the maritime industry is not slowing, even in
the face of the current economic adjustments. One of the most
significant issues facing developers is soil contamination from
heavy metals. With the established worldwide reputation of our
partner, Maritime Advisors, it is our goal to help rapidly
facilitate the deployment of Solucorp�s MBS technology around the
globe over the coming years.� �Steve Holmes has a proven track
record and more than 24 years of experience in hazardous waste
remediation, land use management, environmental engineering and
corporate media consulting,� states Noel E. Spindler, President of
Solucorp�s Integrated Fixation System subsidiary. �Maritime
Advisors brings a wealth of experience and expertise to the table
which we believe will lead to a highly successful and profitable
partnership.� About Solucorp Industries Ltd. Solucorp Industries
Ltd., www.solucorpltd.com is a developer and provider of cost
effective, permanent technologies for the remediation and
prevention of hazardous heavy metal (including lead, mercury,
arsenic, chromium, copper, zinc, nickel, selenium and cadmium)
contamination. Solucorp is the owner of several patents and
numerous additional patents that are pending. Solucorp Industries
Ltd. has 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
outcome of demonstration results, 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.
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