BOCA RATON, Fla., March 15, 2012 /PRNewswire/ -- Latitude
Solutions( symbol OTC:LATI.OB) announced today that
it is deploying their patented Integrated Water Systems™
(IWS) technology to service Coal Fired Power Utilities.
Coal plays a vital role in today's electricity
generation worldwide. Coal-fired power plants currently fuel 41% of
global electricity and the importance of coal to electricity
generation worldwide is set to continue, with coal fuelling 44% of
global electricity by 2030. Latitude Solutions patented Electro
Precipitation™ solutions can mediate the entire supply chain
of the Coal Fired Power Plant's water conservation and water
remediation processes by treating high volumes
of water for reuse and a more environmentally
safe and sustainable discharge at a lower cost of
operation than today's convention methods.
Mr. Jeff Wohler, Latitude's
CEO states, " Latitude's entry into the utility space
highlights the magnitude of our platform technologies and
management's expansion plans. Our goal for 2012 is to deploy our
patented technology of water remediation across multiple
industries including oil & gas, food processing, paper and
pulp, and medical markets. The financial goal is to achieve
multiple revenue streams for Latitude Solutions."
The management team will hold a conference call with
investors and shareholders on Friday, March
16th, 2012 at 10:00 am
EDT. The call may be accessed by dialing 1 (800) 299
6183 and entering the access code number 20619621.
A playback recording will be available from March 16, 2012 at 12:00 pm
EDT to March 23, 2012 at
11:59 pm EDT by dialing 1 (888) 286
8010 and entering the access code number 97910590.
About Latitude Solutions, Inc.
Latitude Solutions, Inc. provides innovative wastewater
remediation solutions worldwide to oil & gas, energy, mining,
food processing, agricultural and other industrial users worldwide
utilizing its patented Electro Precipitation™, (EP™) technology.
LSI's proprietary Electro Precipitation™, Integrated Water Systems™
(IWS™) technology provides a sustainable solution to water related
oil and gas production issues by rendering previously unusable
production, flowback and other contaminated water suitable as
reusable makeup water for ongoing operations, including hydraulic
fracturing. This re-use process significantly reduces
costs.
Safe Harbor statement
This new release may contain certain 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. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, acceptance of the Company's products,
increased levels of competition for the Company, new products and
technological changes, the Company's dependence on third-party
suppliers, and other risks detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission.
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SOURCE Latitude Solutions, Inc