Global Matrechs Inc. Announces Receipt of First Commercial Order for NuCap(TM)
Global Matrechs, Inc. http://www.globalmatrechs.com (OTCBB: GMTH) reports that it has received the first commercial order for NuCap(TM). The order was placed by Battelle-Pacific Northwest Laboratory in Richland, WA located at the Hanford Nuclear Waste Site. NuCap(TM) will be used to cover the walls of a "pit" in which there has been a radiation spill. Battelle was looking for a product that could adhere to concrete and to coat a radioactive residue spill along with providing life time isolation. This means Battelle wants to encapsulate this spill only one time.
Michael Sheppard, President of Global Matrechs, Inc. said, "Even though we have shipped NuCap(TM) to Hanford in the past, this is an order for a specific purpose and it is very satisfying to see the product starting to get the type of interest we expected in the past." Sheppard also stated "We are extremely pleased to have received our first commercial order from product that has been manufactured by Dow Corning, which demonstrates NuCap's applicability to cover radiation spills. This order generates the first revenue from NuCap(TM). We hope this will serve as a starting point and lead to additional orders for such purposes in this market."
Battelle was looking for a sure one-time encapsulation material and having known about NuCap(TM) wanted to use it. We shipped this order in March.
MORE ABOUT NuCap(TM)
NuCap(TM) is a silicon-based geocomposite which is highly radiation-resistant (unaffected by Alpha-radiation; gamma- and beta-radiation up to an absorbed dose of up to 10 gigarads), and can be provided in a variety of forms (fixative, foam, sealer or grout) to encapsulate and contain radioactive contamination. Additional NuCap(TM) characteristics include fire resistance (can withstand mechanical and Hot-cut transient temperature spikes up to 1,100 degrees F); corrosion resistant (to strong Alkali and acid solutions); easily applied to horizontal, vertical, or overhead surfaces, and can polymerize underwater; can form a smooth and wear-resistant surface for ease of decontamination; mixes with waste, which has up to 50% water by weight; adheres to unclean, wet or corroded surfaces and hot metal surfaces up to 120 degrees F) effective up to a 1:6 NuCap(TM)-to-radioactive-waste matrix; penetrates openings as small as 1.0 mm; uses conventional equipment in an easy application; is non-toxic and inert environmentally; and does not generate hazardous waste by itself.
ABOUT GLOBAL MATRECHS: www.globalmatrechs.com
Through its licensed technologies business, Global Matrechs seeks to convert the licenses it has acquired in emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products primarily through sub-licenses of those technologies to manufacturers.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document, as well as other statements in periodic press releases and some oral statements of Global Matrechs, Inc. officials during presentations, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," "seeks," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act.
Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technologies; the failure of the Company's products and technologies to become commercially marketable; the loss of key personnel; changes in financial markets and general economic conditions; and, disputes as to the Company's intellectual property rights, including the Company's rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Global Matrechs, its licenses, products, economic and market factors and the sectors in which Global Matrechs does business, among other things. These statements are not guarantees of future performance and Global Matrechs has no specific intention to update these statements. More detailed information about those factors is contained in Global Matrechs's filings with the Securities and Exchange Commission.
Quelle: BUSINESS WIRE
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