SALT LAKE CITY, April 24, 2013 /PRNewswire/ -- Terra Systems,
Inc. (TSYI.PK) is pleased to announce the company's expansion into
Indonesia where it will use its
patented coal drying technologies to process Low Rank Lignitic Coal
(LRC) into high value, custom formulated briquettes to be sold for
power generation throughout Asia.
Company President George Ford
stated "Coal usage in the US is in decline, but in Asia it is rapidly expanding. This move will
re-position Terra Systems to become a leading player for upgrading
Indonesian coal. Our processes have been commercially proven at 28
plants here in the US, and we know we can replicate that again in
Indonesia."
The company is finalizing the takeover of a joint venture
agreement from GeoPacific Energy Corporation on a 90,000-hectare
(347 square mile) coal concession in Lampung, Indonesia that contains 2 Billion tons of
proven and inferred reserves of LRC. The company expects to
ship its first vessel of processed coal briquettes by the end of
the year.
TSYI is a US coal technology company specializing in drying,
processing and briquetting low grade coals using patented
technologies developed over the last 20 years by its senior
engineers.
Note: Certain statements herein may be
forward-looking statements within the meaning of federal securities
laws and Terra Systems, Inc. intends that such forward-looking
statements to be subject to the safe-harbor created
hereby. Forward-looking statements include Terra
Systems, Inc. expectations as to the managing and marketing of its
business within the meaning if the Private Securities Litigation
Reform Act of 1995 regarding future events and our future results
that are based on current expectations, estimates, forecasts and
projections about the industries in which we operate and the
beliefs and assumption of our management. Actual results may
vary materially from such expectations. Words such as
"expects" "anticipates" 'targets" "goals" "believes" "seeks"
"estimates" variations of such words and similar expressions are
intended to identify such forward-looking statements. Any
statements that refer to projections of our future performance, our
anticipated growth and trends in our business and other
characterizations of futures events or circumstances are
forward-looking. Although Terra Systems, Inc. believes that
its expectations are based on reasonable assumptions within the
bounds of its knowledge of its business and operations, there can
be no reassurance that our results of operations will not be
adversely affected by such factors. Unless legally required,
we undertake no obligation to revise or update any forward-looking
statements of any reasons. Readers are cautioned not to place
undue reliance on these forward-looking statement, which speak only
as of the date of this statement.
SOURCE Terra Systems, Inc.