SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Sept. 21, 2012 /PRNewswire/ - IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (PIEX) is pleased to announce Advanced Technology Laboratories, Inc., an independent EPA certified lab confirmed IBA Green's test samples rendered "Non Detectable" of the toxins arsenic, barium, cadmium, chromium and lead. The tested ash samples were derived from a Waste to Energy facility.
"This independent confirmation catapults IBA to the multi-billion dollar environmentally responsible construction materials market," said Angelo Scola, Chairman of the Board of IBA Green. "Not only does our one-of-kind process meet EPA standards it surpasses them and renders the coal ash toxins Non Detectable. Our best-in-breed nontoxic coal ash byproduct will be used to produce a concrete that is stronger and lasts twice as long as Portland concrete used today in the building of highways and bridges", explains Mr. Scola. This is truly a milestone for the company and we fully expect today's announcement to have a major impact on how ash will be up-cycled to a higher and best use, and most importantly adding value for our shareholders. "
Testing procedure used ICP Metals By TCLP Extraction / EPA 301A EPA 1311 / 6010B and the results are listed in the following table:
|Heavy Metals Tested||EPA Allowable Limits||MSW ASH as Sampled||
IBA Green Treated
|Arsenic||5.0 ppm||6.4 ppm||*ND|
|Barium||100.0 ppm||570 ppm||*ND|
|Chromium||5.0 ppm||80.0 ppm||*ND|
|Lead||5.0 ppm||260 ppm||*ND|
|*ND - not detected at or above the method detection limit|
About IBA Green, Inc
IBA's process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy and coal industries, and has developed a process to safely and economically utilize the previously hazardous ash. This Technology works in synergy with the waste-to-energy industry, converting the hazardous ash into commercially viable green construction products.
The IBA process has been specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 150 million tons of toxic coal ash or Incinerator Bottom Ash annually.
For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
On Behalf of the Board of Directors
President & CEO
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that IBA Green or Pioneer Exploration expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of IBA Green or Pioneer Exploration's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on IBA Green or Pioneer Exploration's forward-looking statements. Except as required by law, IBA Green or Pioneer Exploration disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of this release.
SOURCE Pioneer Exploration Inc.