EESO Provides Algae Remediation in Korean Drinking Reservoir With $12M Deal
25 3월 2009 - 10:15PM
Marketwired
Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) has secured
a contract from its recent trip to South Korea. The contract was
entered into between Star Towers, Inc. in association with Dow
Chemical and Enzyme Environmental Solutions late last week.
The signed contract is a one year term and calls for a total
$12M ($12,000,000.00) purchase of EESO's proprietary biotech and
product for use in bacterial remediation in Chungju Lake, a
man-made reservoir that goes about 100 meters deep with a volume of
over 2 billion tons. Chungju Lake is one of Korea's largest
man-made lakes and is the main water source for domestic (includes
drinking/tap water), agriculture and industrial use in that area.
The area also is host to numerous tourist attractions and scenery
and stands as an overall revenue source for Korea.
It was found in a 2004 report published in The Journal of
Microbiology that two species of Cyanobacteria (the dominant
phototropic bacteria in water environments) were found to be
prevalent in Chungju and the nearby Dunpo reservoir: Microcystis
and Anabaena and the problem has only escalated from there. These
bacteria were found to be directly linked to pollution levels,
"which is sad," states Star Towers owner, Su Lee. "This (Chungju)
reservoir is, at times, boasted as Korea's 'largest and cleanest'
man-made reservoir. What does that say to us? The pollution has to
stop, and I believe that the recent meetings between government
officials and Jared's company (Enzyme Environmental Solutions) will
help us to put into place garbage and food waste remediation which
is a large part of our pollution problem."
The enzyme solution provided by EESO is unique in that it
doesn't attack the bacteria directly, but rather its food source,
forcing it to starve to death rather than potentially resurfacing
in mutated form over the long term.
Lee goes on to state, "In addition to preventative measures to
be taken by Korea as a government and community to eliminate or
significantly minimize pollution, we need to take measures to clear
the matters at hand. I think this initial contract with EESO should
prove highly effective as our testing of this product has produced
outstanding results and I am looking forward to its applications in
bacterial remediation of our water sources, including bacterial
remediation in our reservoirs such as Chungju."
City authorities have already put into place agendas to tighten
regulations regarding the management of water pipelines and tanks.
"We are taking these measures to build public trust in Seoul's tap
water," a spokesman for City Hall told The Korea Herald. Initial
product for the deal shipped from Enzyme Environmental Solutions'
facilities in Fort Wayne, Indiana this morning. The order is the
first of multiple shipments to be sent to Korea for the purposes of
the agreement with Star Towers in association with Dow
Chemical.
President/CEO Jared Hochstedler feels, "It will be a big step in
the right direction for us internationally as I think there's a
collective understanding here that our products have several
useful, cost-effective applications for countries and
municipalities worldwide. If this is what it takes for us to
receive domestic recognition, then so be it. The benefits to
ecosystems and economies alike are, at this point, obvious, and we
look forward to continued increase in sales force, research and
development as we progress."
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
Contact: Newbauer Media Relations Email:
mark@enzymeconsultants.com
Enzyme Environmental Sol... (CE) (USOTC:EESO)
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Enzyme Environmental Sol... (CE) (USOTC:EESO)
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