HELPER, Utah, June 30 /PRNewswire-FirstCall/ -- Terra Systems, Inc. (Pink Sheets: TSYI) announced today that it has received a grant as a part of an alliance formed with the Utah State University Research Foundation and its Energy Dynamics Laboratory to fund the startup of its carbon pilot plant. Terra Systems, Inc. will produce a pilot run of a minimum of 100 tons of coke product to be used in a local manufacturing plant. The grant was awarded after successful demonstration in a commercial manufacturing operation.
As a result of successful testing, Terra Systems, Inc. has upgraded from no information status on the Pink OTC Markets. This action will enable Terra Systems, Inc. to provide timely financial information to its shareholders.
Headquartered in Helper, Utah, Terra Systems, Inc. is a public company, registered in the State of Utah and engaged in research and development of clean carbon derived products. Using pneumatic accelerator systems in conjunction with other evolving pilot technologies, the company is in the process of demonstrating clean carbon production products and it is designing production scale projects based on these developments.
Note: Certain statements contained herein may be forward-looking statements within the meaning of federal securities laws and Terra Systems, Inc. intends that such forward-looking statements be subject to the safe-harbor created thereby. Forward-looking statements include Terra Systems, Inc. expectations as to the managing and marketing of its businesses within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Actual results may vary materially from such expectations. Words such as "expects," "anticipates," "targets," "goals," "projects," "believes," "seeks," "estimates," variations of such words, and similar expressions are intended to identify such forward-looking statements. Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward-looking. Although Terra Systems, Inc. believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors. Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this statement.
SOURCE Terra Systems, Inc.