Russell Industries Pilot to Scale Project Update
January 06 2010 - 11:23AM
Business Wire
Russell Industries, Inc. (Pink Sheets: RIND) announced today
that its biofuels project is continuing on schedule. The first
milestone calls for an operational pilot model to be completed by
January 31, 2010. “The prototype reactor is being used to run
numerous functionality tests. On-going algae culture experiments
are also being performed in concert with the engineering systems
checks. Near term plans include statistical evaluation of cultures
and photo-microscopic documentation of various trial runs,” said
Dr. William Wilder, President of Axis Environmental Services, Inc.
and scientific consultant to RIND. The Company will also be
updating its website this month.
About Russell Industries
Russell Industries is a developing alternative and renewable
energy company. The Company is the majority owner of 255 unpatented
Uranium mining claims in San Juan County in Southern Utah. The
Company is also pursuing development of a commercial scale algae
production facility through its wholly owned subsidiary, Algae
Farm, LLC. The Company’s consolidated website will now be
www.russind.com, the contents of which are not incorporated by
reference herein.
Safe Harbor
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and as such, may involve risks and
uncertainties. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies, and
expectations, are generally identifiable by the use of words such
as "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions. These forward-looking statements
relate to, among other things, expectations of the business
environment in which the Company operates, projections of future
performance, potential future performance, perceived opportunities
in the market, and statements regarding the Company's mission and
vision. The Company and all affiliated parties do not assume any
duty to publicly update or revise the material contained
herein.