CalciTech Reaches Agreement With Calcinor
23 9월 2009 - 6:46PM
PR Newswire (US)
GENEVA, September 23 /PRNewswire-FirstCall/ -- CalciTech Ltd.
(OTCBB: CLKTF) CalciTech announces today that it has signed a
Letter of Intent with Calcinor SA of Spain. Calcinor is Spain's
largest producer of lime, which is the principal raw material for
CalciTech's Synthetic Calcium Carbonate (SCC). The objective is to
build a plant at one of Calcinor's sites. Michael Watts,
CalciTech's Marketing Director stated, "This is an excellent
opportunity for us to develop our business in southwest Europe with
an experienced partner, as an additional territory for our planned
production plant program for Europe. " "Calcinor is a company with
extensive operations in Spain and elsewhere and we look forward to
a productive long- term relationship. " "By transferring a new
technology to Spain, we can enable the paper, paint, plastics and
food industries to upgrade their products. We intend to work with
Calcinor to develop the market and secure commitments from
customers." Martin Sarobe, Calcinor's Director of Innovation and
Development, added, "This is an opportunity for Calcinor to
diversify its product line and introduce a new technology. It makes
better use of our lime capacity and there are also benefits from
the CO2 that is absorbed by the CalciTech SCC process." The
directors of the company take responsibility for this announcement.
This press release contains "forward looking statements" including
forward looking statements as that term is defined in section 27a
of the United States Securities Act of 1933 and section 21e of the
Securities and Exchange Act of 1934. Statements in this press
release, which are not purely historical are forward looking
statements and include any statements regarding beliefs,
expectation or intentions concerning the future. Forward looking
statements in this press release include, but are not limited to,
statements which are subject to a number of contingencies and
uncertainties, including, but not limited to, market acceptance for
CalciTech's products, manufacturing of CalciTech's products in a
commercial setting, obtaining adequate financing and construction
management for products and obtaining appropriate permits. It is
important to note that the corporation's actual outcomes may differ
materially from those in forward looking statements contained in
this press release. Although the company believes that the beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that such beliefs, plans,
expectations and intentions will prove to be accurate. Readers
should refer to the risks disclosures in the company's public
filings with the Securities and Exchange Commission. Contact :
CalciTech Ltd. Thomas Shortt Tel.: +41-22-710-40-20 E-Mail:
Internet : http://www.calcitech.com/ DATASOURCE: CalciTech Ltd
CONTACT: Contact : CalciTech Ltd., Thomas Shortt, Tel.:
+41-22-710-40-20, E-Mail:
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