SCOTTSDALE, Ariz., April 17, 2015 /PRNewswire/ -- Abtech Holdings, Inc. (OTC QB: ABHD) ("AbTech" or the "Company") is a full-service environmental technologies and engineering firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of water pollution and contamination. AbTech has become aware of news stories that mentioned it in regards to an investigation of a New York legislator.
AbTech is a company of integrity and transparency, from its executive officers to its field employees. AbTech is not a target of any investigation and intends to fully cooperate with investigators involved in the New York probe.
The news stories mentioned one of the company's projects, Nassau County, which is one that will significantly improve the environment and profoundly benefit the local community. In New York, as elsewhere, decisions on awarding projects take into consideration the ability of a service provider to deliver the desired results timely, efficiently and economically. Not all stormwater solutions are created equal. Contract award decisions are not based solely on initial cost outlays, but also on ongoing maintenance and operating cost requirements and technical merit, which are all weighed against a solution's efficacy.
AbTech has had sales and has offered support for water quality treatment systems in communities across 46 states, including New York, for over 10 years. We have 17 patents on our technology that address water contamination issues in a variety of highly effective applications that are unique offerings. The process through which local authorities selected AbTech was comprehensive and diligent, involving several levels of Nassau County government. AbTech has the ability to effectively and economically achieve the County's near term and long term objectives.
AbTech is proud of its long history of good corporate citizenship and to have earned this contract after a thorough and fair review process conducted by Nassau County. We are pleased that the benefits that can be achieved from our technology can be deployed in protecting and enriching the environment.
ABOUT ABTECH HOLDINGS, INC. (OTC QB: ABHD) AND ABTECH INDUSTRIES, INC.
AbTech Industries, Inc. (a subsidiary of AbTech Holdings Inc.) is a full-service environmental technologies and engineering firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of water pollution and contamination. Its products are based on polymer technologies capable of removing hydrocarbons, sediment and other foreign elements in stormwater runoff (ponds, lakes and marinas), flowing water (curbside drains, pipe outflows, rivers and oceans), and industrial process and wastewater. AbTech's offerings include the ground-breaking new antimicrobial technology called Smart Sponge® Plus. This technology is effective in reducing coliform bacteria found in stormwater, industrial wastewater, and municipal wastewater. Smart Sponge® Plus is registered with the Environmental Protection Agency (Registration #86256-1). AbTech's teams of water treatment technology experts, civil and environmental engineers, and field operations specialists develop solutions to improve the quality of our limited water resources. AEWS Engineering (a subsidiary of Abtech Holdings, Inc.), is an independent civil and environmental engineering firm partnered with top research and engineering universities. By focusing on bringing new engineering and technology innovation to the water infrastructure sector, AEWS is positioned to be at the forefront of stormwater Best Management Practices development and to deliver the latest in design excellence to its customers. For more information please visit www.abtechindustries.com. More information on AEWS Engineering can be found at www.aewsengineering.com.
This news release contains "forward-looking statements" which are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Abtech Holdings, Inc.