SYMBOL OTCQB: PIEX
NEWPORT BEACH, CA, Nov. 25, 2011 /PRNewswire/ - IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration (PIEX) announces it has organized a team of planners and engineers to respond to a "Request For Proposal" from the city of Honolulu, Hawaii for the treatment of incinerator bottom ash (IBA). IBA is the toxic residual residue resulting from burning coal or solid waste in the process of generating electric power.
"We believe that our technology and the resulting building material by-products can address several issues facing Honolulu, not the least of which is the immediate reduction of toxic Incinerator Bottom Ash from being deposited in the landfill". That same ash once treated can then safely be converted into nonhazardous eco-friendly building materials, thereby reducing some of Honolulu's dependency on expensive imported building materials and providing the municipality additional revenue. IBA Green's patented technology to treat and convert incinerator bottom ash into viable and environmentally responsible construction materials is a safe and environmentally sensitive method of diverting what was previously hazardous material and well suited as a treatment solution response to the Honolulu RFP." said Angelo Scola,(CEO)
About IBA Green, Inc.
IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and economically utilize the previously toxic end product (the "IBA Technology"). The IBA Technology works in synergy with the Waste-to-Energy industry, converting the toxic end products into commercially viable green construction products.
The IBA Technology was 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 85 million tons of toxic coal ash or IBA 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 Pioneer 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 Pioneer's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Pioneer's forward-looking statements. Except as required by law, Pioneer 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.