BEIJING, Sept. 14 /PRNewswire-Asia-FirstCall/ -- LianDi
Clean Technology Inc. (OTC Bulletin Board: LNDT), ("LianDi" or the
"Company"), a provider of clean technology, downstream flow
equipment, engineering services and software to China's leading petroleum and petrochemical
companies, today announced it has entered into a strategic alliance
with System Kikou Co., Ltd, located in Tokyo, Japan, one of the world's leading
automated oil sludge treatment companies.
In June of this year, an industrial accident occurred at a major
oil facility in China, killing 6
Chinese workers. This accident occurred during the manual cleaning
of oil sludge. Since then, the Chinese government has mandated that
all China's oil refiners switch to
automated cleaning technology to protect the safety of workers.
System Kikou is one of the world's leaders in this automated
cleaning technology.
"This strategic alliance with System Kikou could not have come
at a better time in terms of market opportunity," said Mr.
Jianzhong Zuo, Chairman, Chief
Executive Officer and President of the Company. "China's oil companies know they have no choice
but to use automated sludge treatment technology, and we are now
exclusive Chinese partners with one of the world's leaders in this
technology. This alliance complements very well our existing
business and our ongoing relationships with other partners such as
Poyam and DeltaValve."
Not only does the technology protect workers and help the
environment, it also results in a greater cleaning and recovery
"yield." For example, a 100,000 kiloliter crude oil tank may leave
3000 cubic meters of sludge oil at the bottom of the storage tank.
This Japanese technology is able to recover 2900 cubic meters of
this sludge (more than 95%), which is a substantial improvement
over recovery using manual labor.
Oil sludge is caused by oil solidifying or gelling in a storage
tank. Sludge is often caused by an excess of water in the oil, and
can cause major problems in oil storage tanks if not cleaned
regularly. System Kikou's technology automates the sludge cleaning
process. Currently, most Chinese oil refiners still use a manual
cleaning process which greatly endangers the safety of workers.
About LianDi Clean Technology Inc.
LianDi was established in July
2004 to serve the largest Chinese petroleum and
petrochemical companies. Through its four operating subsidiaries,
Hua Shen Trading (International) Ltd., Petrochemical Engineering
Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical
Engineering Ltd., the Company distributes a wide range of
customized valves and equipment and provides associated value-added
technical and integration service. The Company also develops and
markets proprietary optimization software for the polymerization
process. In addition, LianDi is focused on the large, rapidly
growing, clean technology market for oil refineries, projected to
reach over $1 billion in the next 10
years. This market is expected to benefit from favorable Chinese
government policies, including tax benefits and other
incentives.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking
statements" relating to the business of LianDi and its subsidiary
companies. All statements, other than statements of historical fact
included herein are "forward-looking statements" including
statements regarding: the impact of the proceeds from the private
placement on the Company's short term business and operations; the
general ability of the Company to achieve its commercial
objectives, including the ability of the Company to sustain growth;
the business strategy, plans and objectives of the Company and its
subsidiaries; and any other statements of non-historical
information. These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov )
For more information, please contact:
Investor Relations:
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
SOURCE LianDi Clean Technology Inc.
Copyright . 14 PR Newswire