Plateau Mineral Development, Inc. Announces Commencement of Certification Process for Tire Converter
2010年7月8日 - 10:00PM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP), announced
today that the Tire Converter's certification process has begun.
The process takes place in stages, and must be based upon a
completed design. Since the tire converter's design is complete,
the certification, permitting, and fabrication processes have begun
and are occurring simultaneously. Some of the certifications will
come from the American Society for Testing Materials (ASTM).
The Converter will recover carbon black, oil, gas and petroleum
solvents from tires. The market for carbon black includes the
manufacturing of batteries and other products, making it an even
more important commodity than the company had originally thought.
Carbon black sells for approximately $0.46 per pound.
A prototype unit was put to the test, showing that the converter
yields more than 95% of usable product after it converts the
materials put into it. The fully-operational converter is the size
of a truck bed. However, the goal is to fabricate and test a
portable unit that can be taken to remote sites for conversion and
environmental cleanup jobs.
About Plateau Mineral Development, Inc.:
Plateau Mineral Development has been in existence for over five
years.
Safe Harbor Statement: This information
includes certain "forward-looking statements." The forward-looking
statements reflect the beliefs, expectations, objectives and goals
of the Company management with respect to future events and
financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made.
However, actual results could differ materially from anticipated
results. Important factors that may impact actual results include
but are not limited to commodity prices, political developments,
legal decisions, market and economic conditions, industry
competition, the weather, changes in financial markets and changing
legislation and regulations. Matters discussed in this press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. When used
in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results,
performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking
statements contained herein. These forward-looking statements are
based largely on the expectations of the Company and are subject to
a number of risks and uncertainties. These include but are not
limited to risks and uncertainties associated with the impact of
economic, competitive and other factors affecting the Company and
its operations, markets, product, and distributor performance, the
impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors detailed
in reports filed by the Company. Forward-looking statements are
intended to qualify for the safe harbor provisions of Section 21E
of the Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development, Inc.
Investor Relations
410-242-0763
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