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Int'l Bio-Recovery Receives Vertification Certificate
International Bio-Recovery Corp IBR
Shares issued 14,287,511
2000-11-24 close $2.9
Monday Nov 27 2000 News Release
Mr. Ben Van Dyk reports
The company has received a government of Canada verification certificate, awarded through the environment technology verification (ETV) program.
The ETV is a program sponsored by Environment Canada and Industry Canada, which verifies the claims of innovative technological solutions to problems that threaten the environment.
Dr. Fahimeh Mirminachi stated that, "Our company is very proud to be the first company to receive this designation in the province of British Columbia."
The verification process was a thorough 10-month examination and analysis of the IBR technology and its claims.
The assessment was conducted through Environment Canada and ETV by an independent environmental engineering company and independent laboratories.
The verification certificate provides recognition by the government of Canada and is recognized around the world that the recipient company has a legitimate and viable environmental technology capable of addressing global environmental problems.
Provincial recognition of the ETV program provides that ETV verification will expedite the regulatory approval process. Acceptance of ETV-verified claims will mean less paperwork, less time and less cost.
A memorandum of understanding on the reciprocity programs for the verification of environmental technologies was signed between Environment Canada and California EPA.
A similar reciprocity agreement will soon be in place with New Jersey. As well, Canada and the U.S. EPA have a co-operative agreement in place to examine the harmonization of verification initiatives.
The significance of receiving this designation is that IBR's technology will have enhanced credibility in domestic and international markets. The ETV program verifies commercial-ready, private sector technologies with a view to speeding up the process of bringing these technologies to market.
IBR recently announced the favourable evaluation of its technology in a major study conducted by the Strategic Envirotechnology Partnership (STEP) in the United States. STEP is an independent agency in the Commonwealth of Massachusetts, which has recently illustrated the effectiveness and commercial potential of the IBR technology.
The Commonwealth of Massachusetts along with five other states officially recognizes the STEP evaluation, which is used as a credible reference for municipalities throughout North America seeking advice and recommendations on environmental technologies.
"With these two significant validations and verifications of the IBR technology and proprietary process, we are confident that more communities in North America will begin to embrace the IBR solution," stated Ben Van Dyk, president of International Bio-Recovery Corp.
(c) Copyright 2000 Canjex Publishing Ltd.
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