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Solucorp Receives Patent for its IFS Heavy Metal Remediating Paint Stripper Technology
Monday, June 11, 2007
Fort Lauderdale, FL -- Solucorp Industries Ltd. (OTC: SLUP) today announced that it has received a patent (U.S. Patent No. 7,208,457) for its Integrated Fixation System (IFS) Lead Out Heavy Metal Remediating Paint Stripper from the U.S. Patent and Trademark Office (USPTO). The patent will expire on December 16, 2024. Lead Out uses Solucorp’s EPA Superfund Innovative Technology Evaluation (SITE) program proven Molecular Bonding System (MBS) reagents to permanently remediate heavy metal contaminants such as lead, chromium, cadmium, or zinc that may be found in certain types of paints. The Lead Out paint stripper is an environmentally friendly, soy-based product. The receipt of this patent reaffirms Solucorp’s continued commitment to being the leader in the field of pollution prevention products for heavy metals contamination.
The Lead Out product line strips and remediates paint containing heavy metals in one step. Transportation and disposal costs are significantly reduced and containment is simplified because the user is generating a non-hazardous waste. Lead Out easily removes multiple coats of paint in a single application.
Rich Runco, President of Solucorp Industries Ltd. stated, "We believe that this is the first of several patents that will be issued for IFS delivery systems. Solucorp continues its efforts to develop innovative and cost effective technologies for the prevention of environmental pollution from heavy metals contamination."
About Solucorp Industries Ltd.
Solucorp Industries Ltd., is a provider and developer of cost effective and permanent technologies for the remediation and prevention of hazardous heavy metal 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 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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