ORANGEBURG, N.Y., Oct. 22 /PRNewswire/ -- Solucorp Industries, Ltd. (Pink Sheets: SLUP) is pleased to announce that on October 13th, 2010, Solucorp Industries Ltd. licensee Adama Technologies announced that a clean tech company specifically dedicated to brownfield remediate with a license of a patented and proven technology, announced that in conjunction with the Israeli Environmental Office, the Company in a week will publish the results of its major pilot program involving its licensed MBS technology to remediate soil (brownfield) at the site of a battery plant. The site is considered to be one of the most contaminated sites in Israel. The results of this pilot will generate substantial revenue and contracts due to the high need of Adama's technology in a USD3 billion market in Israel alone.
The commencement of this program represents a significant milestone for Adama, as it seeks to garner exposure for its licensed and patented MBS Technology (licensed from Solucorp Industries, New York) in managing brownfield remediation with heavy metal waste. The joint venture Adama has established with Windex Ltd., a key player in soil analyses market in Israel, will surely accelerate Adama business in the next couple of months.
"Working in tandem with the Israeli Environmental Office and Windex Ltd. is certainly an endorsement of the potential of our technology," stated Aviram Malik, CEO. "We are most confident that next week's result of this pilot program will generate a huge awareness of Adama Technology," Malik concluded.
About Solucorp Industries Ltd.
Solucorp Industries Ltd., www.solucorpltd.com is a developer and provider of cost effective, permanent technologies for the remediation and prevention of hazardous heavy metal (including lead, mercury, arsenic, chromium, copper, zinc, nickel, selenium and cadmium) contamination. Solucorp is the owner of several patents and numerous additional patents that are pending. Solucorp Industries Ltd. has three wholly owned subsidiaries: Solucorp Industries, Integrated Fixation System Company, Inc., and WITS, Inc.
The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the outcome of demonstration results, timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult-licensed professionals prior to making an investment decision.
SOURCE Solucorp Industries Ltd.