BICO Subsidiary Receives Sub-Contract Agreement To Clean-Up Tire Pile
PITTSBURGH, Sept. 27 /PRNewswire/ -- Petrol Rem Inc., a subsidiary of Pittsburgh-based BICO, Inc. (OTC Bulletin Board: BIKO), announces that its Tireless, LLC subsidiary has signed a sub-contract agreement to begin remediating discarded tires at one of the nation's largest tire piles near Upper Sandusky, Ohio beginning on October 1, 2001.
Under the terms of the agreement with Central Ohio Contractors, Inc. (COC), Tireless will utilize its portable tire shredder and labor force in the operation at the Kirby tire pile. COC has a contract with the Ohio Environmental Protection Agency to remove 30,000 tons, or the equivalent of 3 million passenger tires, within a 12-month period. Tireless will receive $.45 per tire processed during the course of operation.
"Our goal in working with Central Ohio Contractors is to shred 1 to 1.5 million tires at the site," said Tireless President Carl Greene. The portable tire shredder owned by Tireless cuts whole tires into 2"x2" chips which in this case will be used at a nearby landfill for construction drainage. The machine, manufactured by Columbus McKinnon, has the ability to shred up to 2,000 tires each hour when running at full capacity.
"We are anxious to start working on the pile, doing our part to remove this environmental nightmare," said Greene.
An estimated 30-50 million tires are currently at the Kirby tire pile site, which has caused numerous hazards over the past 20 years. In addition to serving as a breeding ground for mosquitoes and potentially the deadly West Nile Virus, the pile has already been set fire to illegally and has caused nearby water pollution.
Tireless LLC, established in 2000, brings together professionals representing over 100 years experience in fossil and renewable fuels. Tireless also has the equipment needed to abate large scrap tire piles and the specialized tire shredder.
BICO, Inc. has its corporate offices in Pittsburgh and is involved in the development and manufacture of biomedical devices and environmental solutions. Petrol Rem, Inc., is the environmental arm of BICO.
FOR FURTHER INFORMATION, CONTACT:
Investors Media
Diane McQuaide Susan Taylor
1.412.429.0673 phone 1.412.429.0673 phone
1.412.279.9690 fax 1.412.279.5041 fax
INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
www.bico.com www.petrolrem.com
This press release contains statements of a forward looking nature. Shareholders and potential investors are cautioned that such statements are predictions and actual events or results may vary significantly.
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SOURCE BICO, Inc.
/CONTACT: Investors: Diane McQuaide, +1-412-429-0673, or fax,
+1-412-279-9690, or Media: Susan Taylor, +1-412-429-0673, or fax,
+1-412-279-5041, both of BICO/
/Web site: bico.com
petrolrem.com / |
