ORANGEBURG, N.Y., Oct. 22 /PRNewswire/ -- Solucorp Industries, Ltd.
(Pink Sheets: SLUP) is pleased to announce that on October 13th,
2010, Solucorp Industries Ltd. licensee Adama Technologies
announced that a clean tech company specifically dedicated to
brownfield remediate with a license of a patented and proven
technology, announced that in conjunction with the Israeli
Environmental Office, the Company in a week will publish the
results of its major pilot program involving its licensed MBS
technology to remediate soil (brownfield) at the site of a battery
plant. The site is considered to be one of the most
contaminated sites in Israel.
The results of this pilot will generate substantial revenue
and contracts due to the high need of Adama's technology in a
USD3 billion market in Israel alone.
The commencement of this program represents a significant
milestone for Adama, as it seeks to garner exposure for its
licensed and patented MBS Technology (licensed from Solucorp
Industries, New York) in managing
brownfield remediation with heavy metal waste. The joint
venture Adama has established with Windex Ltd., a key player in
soil analyses market in Israel,
will surely accelerate Adama business in the next couple of
months.
"Working in tandem with the Israeli Environmental Office and
Windex Ltd. is certainly an endorsement of the potential of our
technology," stated Aviram Malik,
CEO. "We are most confident that next week's result of this
pilot program will generate a huge awareness of Adama Technology,"
Malik concluded.
About Solucorp Industries Ltd.
Solucorp Industries Ltd., www.solucorpltd.com is a developer and
provider of cost effective, permanent technologies for the
remediation and prevention of hazardous heavy metal (including
lead, mercury, arsenic, chromium, copper, zinc, nickel, selenium
and cadmium) 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 outcome of demonstration results, 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.
SOURCE Solucorp Industries Ltd.
Copyright . 22 PR Newswire