Ultimate Sports, Inc. Announces Joint Venture With EnSol, LLC to Fund Tire Converter Project
2010年10月27日 - 5:30AM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, announced today that
the company is entering into a joint venture with EnSol, LLC to
fund the Tire Converter Project.
The Tire Converter is a unit that will transform tires into
carbon black, oil, gas and petroleum solvents. Three-hundred
million tires are discarded annually. The average tire weighs 22.5
pounds. In small quantities, the truck tire feed stock cost is
about $300/ton "chipped" and each ton produces 1.3 bbl of solvent.
The same ton also produces 900 lb of carbon black. Carbon black
sells for approximately $0.46 per pound, consequently paying for
itself and generating the solvent as a "bonus."
EnSol's converter will also generate solvent and enough natural
gas to operate in remote sites without additional power. The
proposed unit is capable of processing approximately 6.25 lbs of
product per minute. At 6.25 lbs per minute, 3,000 lbs per work day
can be generated and transformed into approximately 7 gallons of
solvent which sells for approximately $40/gallon, generating
$7885.60 in revenue per day, which can lead to $157,712 per month.
Solvent can be used to dissolve paraffins and to reduce the
viscosity of heavy oils.
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.
Robert Matthews of EnSol states, "The joint venture with
Ultimate Sports will be a significant step towards funding and
building the Tire Converter. We are eager to have the chance to
work with USI on this project."
Kevin Metheny, President of Ultimate Sports, states, "We are
pleased to enter into this joint venture with EnSol. Ultimate
Sports is looking forward to working together with EnSol to bring
the Tire Converter to realization."
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that
snowmobilers need in order to enjoy the sport and improve their
performance—especially snowmobile skis of all types. We have an
extensive inventory of carbide studs, mount kits, wear bars,
suspension parts, snow flaps, alignment bars, and so much more.
Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release
contains certain forward looking statements. Investors are
cautioned that certain statements in this release are "forward
looking statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ
materially from expected results.
CONTACT: Ultimate Sports
Investor Relations
410-242-0763
Ultimate Sports (PK) (USOTC:USPS)
過去 株価チャート
から 12 2024 まで 1 2025
Ultimate Sports (PK) (USOTC:USPS)
過去 株価チャート
から 1 2024 まで 1 2025