21st Century Technologies to Provide Additional Magnets to Titan Maritime
May 06, 2003 07:31:00 AM ET
FORT WORTH, Texas--(BUSINESS WIRE)--May 6, 2003--21st Century Technologies, Inc. TFCT, a rapidly growing homeland security company, announced today that it is providing additional special application magnets to Titan Maritime, Inc. for its Hot Tap drill system. Titan Maritime is a Florida-based salvage company with major operations in the U.S., U.K. and Brazil.
"We are excited about our cooperation with Titan Maritime," says Arland Dunn, Chairman and Chief Executive Officer of 21st Century Technologies, Inc. "We are providing a portable platform for their drill system. This is a slightly different application than our best-selling patches SeaPatch and ProMag, and should therefore further broaden our market potential."
By using patented magnetic adhesion, Trident's magnetic patches, SeaPatch (for leaks in ships and underwater structures) and ProMag (for all other leaks) quickly and safely stop virtually any leakage. Whether the leak is on an open-ocean tanker, inland waterway bridge, railway tanker, remote pipeline or shore storage tank, Trident's versatile patches save time and money by stopping leaks before they get out of hand. Trident's clients include Bayer BAY, Cabot CBT, Basf BF and Exxon Mobil XOM.
"In addition to serving large corporations who want to prevent financially disastrous leaks, we are also getting increased attention from the homeland security related agencies. For example, if local fire stations decided to include our ProMag patches in the toolsets, this would dramatically increase their preparedness and ability to contain potential hazardous leaks arising from terrorist activities or other local accidents involving leaks. This is becoming a very important issue," Dunn says.
SeaPatch and ProMag provide a fast, tight and effective seal on any container vessel capable of magnetic adhesion. They are ideally suited for both open ocean and inland waterway ships and barges, and can also be used in a multitude of industrial settings and transportation systems where hazardous materials (hazmat) are manufactured, stored, handled or shipped. Hazmat specialists particularly like the way ProMag can be used to quickly stop railway tank car ruptures, one of the hardest and trickiest to deal with in and during a spill-on emergency.
Using the Trident Technology's patented system of cam-on cam-off magnets, SeaPatch or ProMag attach first to the container vessel following the shape of the hole. Their modular design gives the user the flexibility to build the device around the hole it is intended to seal. Once the locking arms and frame are in place, the gasket plate can be securely tightened to seal the hole and block the leak. What used to take days or even weeks to accomplish can be done in just a fraction of the time. ProMag easily conforms to the size, shape and dimensions of the vessel. A railway tank car crack or puncture does not represent a problem for ProMag, because it has the flexibility to get to the root of the problem, no matter where it is located and stop the leak in its tracks. ProMag can also secure pipelines, tanks and any other transportation or storage containers.
Safe Harbor Statement
The statements made by 21st Century Technologies, Inc. (the Company) may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from those projected due to risks such as changes in interest rates, market competition, our ability to generate orders and various other business factors.
Contact Information:
FOCUS Partners LLC
Investor Contact
David Zazoff, 212/752-9445
TFCT@focuspartners.com
or
21st Century Technologies, Inc.
Larry B. Bach, 818/707-9466
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