SNRG Corporation Announces Rubber Devulcanization License Agreement
08 Décembre 2009 - 6:52PM
Marketwired
SNRG Corporation (PINKSHEETS: SNRG) announced this morning that the
Company has entered into an exclusive North American technology
agreement with Vega Invest AG d/b/a Enviropark Global AG for
advanced rubber devulcanization technologies.
The agreement grants the Company all North American rights to
unique and advanced rubber devulcanization technologies. The
acquisition of these technology rights facilitates the
incorporation of our existing rubber recycling assets into two
production lines in our Bay City Enviropark facility. The Company
will construct two production lines, each capable of producing 40
million pounds of devulcanized rubber compound per year. The
devulcanized rubber has excellent properties and can be used as a
substitute for virgin materials in the manufacture of numerous
rubber products.
According to the Chief Executive Officer of SNRG Corp., D. Elroy
Fimrite, "The rubber recycling industry has had significant
problems creating viable businesses and numerous companies have
failed, leaving behind piles of tires to be cleaned up. Without
devulcanization the rubber particles, no matter how fine you chop
them, have the same chemical structure as the original vulcanized
tire or other rubber product and will not chemically bond into a
new compound for the manufacturing of a new product. With our
technology we can move the rubber from the economic wasteland of
conventional rubber recycling into the massive and economically
viable conventional rubber applications and product markets."
"The consumption of rubber is approximately 12-14 kg per capita
in the western world and has been less than 1 kg per capita in
Asia," added Mr. Fimrite. "This is rapidly changing with the rapid
growth of the automotive industry in China, India and Russia and
has been reflected by a 400 % increase in the price of natural
rubber since 2001. The emergence of a large middle class in Asia
has only began to be reflected in the demand for products made with
rubber, an acute shortage of supply and a significant increase in
prices is very likely, a shortage that can only be solved by
increased usage of devulcanized rubber due to the inelasticity of
supply of natural rubber."
The technology being acquired by the company is unique, proven
and ready for commercial production. The global rubber demand is in
excess of 22 million metric tons per year and consists of thousands
of manufacturers that can substitute devulcanized rubber in their
products and achieve substantial savings.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR STATEMENT:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"). In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "will," "plans,"
"hopes," "anticipated," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with the Company's business focus; the Company's ability
to acquire its target facilities and raise needed funding; the
potential productivity of our proposed properties; changes in the
operating costs and changes in economic conditions and conditions
in the recycling and de-manufacturing industry and the unproven
nature of such technologies and its commercial viability. Although
we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. SNRG Corporation takes no obligation to
update or correct forward-looking statements, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by the Company.
Investor Relations Contacts: Mr. Christian Hansen Market
Specialist Equititrend Advisors, LLC 800-585-6988 Mr. Jim Elbert
Destiny Focus Consulting Inc. 630-847-4255 Authorized by: D. Elroy
Fimrite President & CEO
Susglobal Energy (QB) (USOTC:SNRG)
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