SLUP Solucorp Industries Ltd (CE)

Solucorp Industries, Ltd.- (OTC: SLUP) announces that an agreement has been signed with a leading worldwide manufacturer and provider of filtration products to integrate Solucorp's patented self remediating metals' contaminated paint booth filters into their existing filter manufacturing lines. At the request of the filter manufacturer the name of the company is being withheld at this time. Solucorp invented and filed patents for its innovative self-remediating metal removal filters, which eliminates the need for hazardous waste disposal of the filters and the related negative impact to the environment. The goal of the venture is to substantiate that the two companies technologies can be combined, mass-produced, and commercialized into the $6 billion per year environmental filtration market. This agreement provides Solucorp with the opportunity to join forces with the premiere provider of filtration technology. In addition, the integration of Solucorp's technology allows for further compliance with NESHAP (National Emissions Standards for Hazardous Air Pollution). Previous to Solucorp's filter technology spent paint booth filters were hazardous and had to be disposed of in this manner. This accented environmental concerns and resulted in disposal costs nearly equaling the cost of the filters. Self-remediating filters eliminate the environmental concerns, save disposal dollars and give "value added" benefits to the manufactured products. The Agreement outlines a timetable during which all of the development and manufacturing work will be completed to integrate Solucorp's technology into the filter manufacturing process. The filters will then be tested (Beta test) to ensure that the metals accumulated in the spent filters were rendered non-hazardous. Solucorp has already confirmed the filters self-remediating capabilities through independent certified laboratory testing resulting in the filing of the patent application for the filter technology. They will have the first right of refusal for the licensing, royalty or buyout of Solucorp's filter technology. Richard Runco, President of Solucorp Industries, Ltd., said "We are extremely excited that our innovative filter technology has been recognized by a leader in this industry who is conscious of the need for a "greener" environment. The continued interest in our technology by major manufacturers clearly demonstrates to Solucorp that the desire for heavy metals pollution prevention and Solucorp's innovative proprietary technologies have reached the same plateau. We believe that this is only the beginning of things to come with filter technology." About Solucorp Solucorp Industries, Ltd., a Canadian corporation is parent to three U.S. corporations including: Solucorp Industries, focusing on the metals remediation and pollution prevention industries. Solucorp's patented MBS(R) technology began development over twenty years ago and offers a permanent solution to heavy metals pollution problems. Solucorp's MBS(R) has also undergone U.S. EPA MEP (Multiple Extraction Procedure) testing demonstrating its ability to prevent the return of metal pollution for in excess of 1,000 years. Since being patented, MBS(R) has been used throughout the United States and Canada as well as the UK, Italy, China and Argentina. Solucorp's MBS(R) technology can be reviewed on the EPA website at www.epa.gov by typing in the New Search Space, "Molecular Bonding System". This technology is also presented in a publication produced by the EPA titled Superfund Innovative Technology Evaluation (SITE) Program, Technology Profiles 10th Edition, and Demonstration Program. The Integrated Fixation System (IFS) technology was developed from Solucorp's EPA SITE Program proven MBS(R) process. The IFS technology deals with pollution prevention rather than existing contamination problems. IFS can be integrated into many types of product applications. IFS prevents future contamination from metals such as lead, mercury, arsenic, chromium (hex or tri), cadmium, zinc, nickel, selenium, antimony, barium, beryllium, silver, thallium and vanadium. IFS can be added to pollutant-bearing products such as batteries, paint strippers, bullets, filters, computers, lamps, switches appliances, etc. IFS can be applied through a multitude of delivery systems both as solids and non-solids. The solid compound delivery systems include, for example, blocks, tablets, spikes and flakes. Some examples of non-solid delivery systems include laminates, inks, pastes, powders, gels, and slurries. IFS can be designed to activate and release under conditions such as exposure to light, pressure, acids, natural oxidation, etc. IFS has no limitations in how and where it can be integrated into metal containing products. Customized products can be designed and manufactured to meet specific needs. WITS Inc., founded in 2001 and purchased by Solucorp in June 2004, is capable of supplying package systems to treat contaminated wastewater as low as 20 gallons per minute and upwards of 200 gallons per minute. By installing multiple package systems, flows greater than that can be achieved. In addition to pricing advantages, the WITS package produces a better water end result without using harmful chemicals. The major water/wastewater areas where the WITS' package can be utilized with significant benefits includes water utilities; wastewater utilities; sludge processing; combined sewer overflows; industrial pretreatment; offshore oil rigs; livestock industry and in food & beverage industry wastewater, automotive/metal processing discharging, recyclable water recovery and phosphorous removal. WITS also has a network of representatives throughout the Country to promote their technology. This wide range of uses provides Solucorp with the ideal complement to its remediation and metals pollution preventive proprietary technologies. 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.