Clean Coke Pilot Plant Underway
2007年8月1日 - 10:00PM
PRニュース・ワイアー (英語)
SALT LAKE CITY, Aug. 1 /PRNewswire-FirstCall/ -- Terra Systems,
Inc. (OTC:TSYI) (BULLETIN BOARD: TSYI) Terra Systems, Inc. ("TSYI")
is taking a key step in the commercialization of Clean Coke
Technology. In March 2007, TSYI announced that it had acquired the
exclusive rights to Combustion Resources, LLC's ("CR") of Provo, UT
patent pending Clean Coke Technology. In the weeks and months to
come, TSYI will take a lead role in the development and operation
of a new clean coke pilot plant using historically marginal carbon
by-products to manufacture high-grade carbon (coke) briquettes. The
project will help to establish a firm basis for commercial
production of value-added carbon reductants ("Clean Coke") at costs
below current available products. The clean coke pilot plant will
be supported by a Center of Excellence grant awarded to the College
of Eastern Utah's Western Energy Training Center ("WETC") and with
the collaboration of industry and education. The industrial
companies involved in this project are: Terra Systems, Inc,
Combustion Resources, Inc, Manufacturing Extension Partnership,
WestCAMP Inc, Mountain Island Energy, LLC (a subsidiary of Terra
Systems, Inc.), and National Centers of Excellence. Educational
organizations involved include the College of Eastern Utah's WETC,
Brigham Young University, and Utah Valley State College. Dr. Robert
Topping, Ed.D, WETC Coordinator noted that "This is a wonderful
example that shows how industry and education can come together to
make great impacts. With the combination of raw coal material
resources in Eastern Utah, Combustion Resource's patent pending
Clean Coke Technology, Terra System's project development and
management skills and the design and process control experts at
WETC, the cooperation has created a dynamic partnership." Once the
pilot plant proves the process to be successful, the plant will
then be duplicated on a larger scale to create a full-scale
production plant, which will then be followed by the roll-out of up
to three additional full-scale production plants. Reynold Roeder,
Chairman of the Board of TSYI commented, "This represents a
significant opportunity for Terra. Terra is targeting December 31,
2009 to have at least one of these plants in commercial operation
in order to qualify for the Internal Revenue Code Section 45k tax
credits. The prior experience that the combined Combustion
Resources - Terra Systems team have from working together on the
successful technology development, construction, and operation of
Section 29 synfuel projects should facilitate these efforts. Unlike
the prior Section 29 synfuel projects, these clean coke projects
are expected to have positive margins." TSYI Contact: Clayton
Timothy, CEO, 801-319-5567, Other Contacts: WETC - Dr. Robert
Topping, Ed.D., Program Coordinator, 435-613-5504, Combustion
Resources - Dr. Craig Eatough, President, 801-370-0654, 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. 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. DATASOURCE: Terra Systems, Inc.
CONTACT: Clayton Timothy, CEO of Terra Systems, Inc.,
+1-801-319-5567, ; or Dr. Robert Topping, Ed.D., Program
Coordinator of WETC, +1-435-613-5504, ; or Dr. Craig Eatough,
President of Combustion Resources, +1-801-370-0654, Web site:
http://www.tsyi.com/
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