Freedom Energy's New Formula Opens Door For Multi-Billion Dollar Renewable Energy
FORT WAYNE, Ind., Sept. 15, 2011 /PRNewswire/ -- Freedom Energy Holdings, Inc. (Pinksheets: FDMF - News) announced today that the company has named the new formula SR 139. The formula was developed specifically to use in the process for shingle recycling, a multi-billion dollar industry.
Recycling asphalt shingles has evolved over the last forty years. Through considerable research and development the industry of recycling shingles is just beginning to have a major impact on the reduction of construction and demolition waste generation. Today, there are a dozen or so states that are utilizing manufacture scrap in their roadways. State Departments of Transportation are beginning to seriously look at the benefits in cost reduction and improvement to the pavement characteristics. A few states have already written specs allowing the utilization of both manufacturing and tear-off scrap. This industry is quickly moving from the infancy stage into a growth stage and with the assistance of SR 139, an exciting new market is about to open for the approximate 11 million tons of asphalt shingle waste generated each year in the United States. (US)(CIWMB 2007; CMRA 2007; Sengoz and Topal 2005; Zickell 2003.
It is estimated that contained there is approximately 2 million tons of valuable asphalt that is just being thrown away. Not only will Freedom's new technology save the landfills in the United States many cubic yards of needed landfill space and environmental damage, the company estimates that the annual recovery value of the asphalt at current values exceeds $1 billion dollars if fully recovered.
"I am pleased to report to our shareholders that in an independent laboratory study, we have confirmed that the recovered product does indeed have retail value. In fact a national company that buys waste oil informed us that they will buy all we can produce", stated Brian Kistler, CEO, Freedom Energy Holdings, Inc.
"We continue to be contacted weekly by national and international interested parties. I am confident that shingles being disposed in landfills is going to be a thing of the past as soon as our process is perfected," concluded Kistler.
ABOUT FREEDOM ENERGY HOLDINGS, INC.
Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. Presently, the company's primary focus is the commercial development of its proprietary , heavy oil technology, KC 9000® , a breakthrough technology which provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. This pioneering technology is projected to revolutionize current recovery processes being utilized. The company is presently marketing KC 9000 through sales and licensing agreements to potential clients on a worldwide basis.
FORWARD LOOKING STATEMENT
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact: Brian Kistler CEO, 260-490-9990
Freedom Energy Holdings, Inc.
www.freedomenergyinternational.com
SOURCE Freedom Energy Holdings, Inc.
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