Ultimate Sports, Inc. Details Carbon Black: Another End Product of Tire Converter
November 24 2010 - 4:00PM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, released a statement
today detailing another product of the Tire Converter, carbon
black. The company has entered into a joint venture with EnSol to
fund this innovative system. In return for the investment capital,
USI will receive equity and a share of the profit of the joint
venture.
Of all the waste products known, the most expensive is a truck
tire. In the United States alone, 300 million tires are thrown away
each year. These castoffs are a huge source of automotive-related
pollution; the average used tire weighs 22.5 pounds and contains
about two gallons of fuel, as well as other combustible carbon
compounds.
EnSol's Tire Converter is a unit that will transform tires into
carbon black, oil, gas, and petroleum solvents. The first unit will
be designed specifically to process tire chips. The tire chips will
produce gas, carbon black and solvent. The converter unit has been
designed to process six tons of scrap tires per day.
In 2000, the total value of the carbon black industry shipments
was $1.07 billion; an increase from $949 million in 1999. (Source:
www.business.highbeam.com/industry-reports/chemicals/carbon-black).
World demand for carbon black is forecast to rise 4.3% annually
through 2013. (Source:
www.freedoniagroup.com/world-carbon-black.html)
Robert Matthews of EnSol states, "Each ton of truck tire feed
stock produces approximately 900 lb of carbon black. Carbon black
can be sold for about $2-3 per pound. Therefore, one ton of
"chipped" tires will produce approximately $2,250 worth of carbon
black. Six tons of tires per day can produce about $13,500 of
revenue per day. Carbon black can be used to create extruder
plastics, paint pigment, rubber manufacturing and filtration
mechanisms, and even batteries."
For more information about the company, please visit
www.usi-skis.com.
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that
snowmobilers need in order to enjoy the sport and improve their
performance—especially snowmobile skis of all types. We have an
extensive inventory of carbide studs, mount kits, wear bars,
suspension parts, snow flaps, alignment bars, and so much more.
Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release
contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are "forward
looking statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ
materially from expected results.
CONTACT: Ultimate Sports, Inc.
Investor Relations
410-242-0763
Ultimate Sports (PK) (USOTC:USPS)
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