National Challenge discusses patent protection
National Challenge Systems Inc
NLC
Shares issued 19,622,856
2000-02-22 close $2.1
Wednesday Feb 23 2000
Mr. Floyd Wandler reports
National Challenge's organic resource recovery system (ORRS) marketing
partner, Organic Resource Technologies Inc. (ORTI), has received Canadian
intellectual property office notification of the allowance for Canadian Patent
Application No. 2,168,068, Process for Disposal of Decomposable Organic
Waste. This low-cost, direct-land application process recovers organic wastes as
beneficial agricultural soil conditioners. ORTI's program, which has operated very
successfully since 1990, is especially effective for the beneficial reuse of organic
waste containing high concentrations of plant and animal fats, oils and greases
(FOG).
"We are pleased to receive this verification of our leadership position in the
Canadian marketplace," ORTI's president, Douglas Carruthers, stated. "These
FOG wastes are typically very difficult to manage and recover beneficially. Our
unique waste recovery program has allowed us to grow our Ontario vacuum truck
collection services aggressively. The Canadian protection in conjunction with our
existing United States patent affords us an exciting boost for our future expansion
plans."
"I am excited to see this confirmation of National Challenge's long-standing belief
in the superior quality of the ORTI program for FOG," says Floyd Wandler,
National Challenge's president and chief executive officer. "We are convinced that
ORTI's strategic plan to marry their FOG program with other organic waste
recovery technologies like International Bio-Recovery Corp.'s (IBR) and the
ORRS collection technology establishes the foundation for a complete customer
service program."
When NCS completes the pending acquisitions announced in Sept. 20, 1999, it
establishes a new business line combination of vacuum truck-based collection
services, with the ORRS technology and IBR's proprietary technology that
efficiently converts biodegradable waste into valuable end products. As a bonus,
these services will accommodate large volumes of the traditionally difficult to
manage FOG in the patented direct-land application programs.
NCS and ORTI International, the holder of the U.S. patents for the ORRS
machines and the land application process, are very close to reaching final
agreement with regard to the purchase of the right to use these patents in the rest
of the world.
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