Universal Ice Blast Receives 4th Patent for Its Pressure Ice Blast System
Company Completes Dow Europe Job in Record Time
KIRKLAND, Wash., April 14 /PRNewswire-FirstCall/ -- Universal Ice Blast, Inc. (OTC Bulletin Board: UIBI), announced today that it received a fourth patent from the United States Patent Office covering its proprietary ice blast technology. The Company also has several patents pending in the U.S. and Europe.
"This new patent is another important step as it further strengthens our technology against competitors," notes Sam Visaisouk, President and COO of UIBI. "It helps us enter new markets, such as the Fast Food and Food Processing sectors, which lend themselves to machine rental. Our revenue from this market could eventually reach $5 to $8 million a year, if we achieve a 10 percent market share," concludes Visaisouk.
Rory Clarke, Chairman and CEO of UIBI notes, "Our rental business continues to grow. Ice Blast achieved extraordinary results on the Dow Europe job. We completed the asbestos/ceramic fiber abatement well within budget and schedule, laying the groundwork for future business for UIBI. Both the general contractor and the facility owner are extremely satisfied with the performance of our ice blast process."
The Company continues to grow its rental fleet having just added two machines targeted for the Environmental market. In March, a Hawaiian contractor rented equipment for a lead-based paint abatement project and an Oregon contractor will use Ice Blast for an asbestos abatement job this month.
Universal Ice Blast, Inc. has a patented process known as the Ice Blast Technology. UIBI has positioned the technology into three billion-dollar markets: Precision Cleaning (automated production cleaning/de-burring): Industrial Cleaning (fixed systems parts cleaning, petro-chemical and pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement off steel bridges and building structures). Since 1995, the company has actively engaged in developing its technology for these markets. Substantial testing and field-research with major clients within large markets has now brought the company to full commercialization of its products in these markets.
"Although rental revenues from these projects are relatively modest at the present time, the return on investment exceeds 100 percent. The Company will continue to add to its rental fleet and pursue this multimillion dollar market," says Rory Clarke, Chairman and CEO.
For further information please contact Devon Blaine, Blaine@pacificnet.net , or Richard M. Goldman, rmgoldman@post.harvard.edu , both of The Blaine Group, +1-310-360-1499, for Universal Ice Blast, Inc.
SOURCE Universal Ice Blast, Inc.
CONTACT: Devon Blaine, Blaine@pacificnet.net , or Richard M. Goldman,
rmgoldman@post.harvard.edu , both of The Blaine Group, +1-310-360-1499, for
Universal Ice Blast, Inc |
