Tirex's 'Green' Tire Recycling Technology
WESTPORT, Conn., Feb. 20, 2009 (GLOBE NEWSWIRE) -- The Tirex Corporation (Pink Sheets:TXMC) (the "Company", "Tirex"), owner of a 'green', patented tire recycling technology, the TCS System, announced recent activities towards commercialization of its new technology.
"With the growing need for 'green' technologies and to reduce carbon emissions, the TCS System will process tires that are currently being stockpiled and/or burned as fuel to be cost effectively recycled into a higher value rubber crumb without any negative environmental impact," according to Tirex's President, John L. Threshie Jr.
"Tirex management will be meeting with its licensed manufacturing partner, Simpro S.p.A. ('Simpro'), in Torino, Italy, in March '09, with notable North American waste and recycling developers who are exploring the possible installation of TCS Facilities in the U.S., Europe and the Middle East.
"Furthermore, Simpro management recently confirmed that it began the production of its first 'fracturing mill' section of the TCS recycling system, using Tirex's patented technology. This marks a milestone of our efforts to showcase Tirex's unique tire recycling technology to the world," added Threshie.
Simpro (www.simpro.it), is ISO 9001 (Quality Management), ISO 14001 (Environmental Management) and EMAS (Environmental Management and Audit System) accredited. Simpro is licensed by Tirex to manufacture, install, commission and warrant all turn-key TCS Facilities and offer a "performance bond" guarantee.
Tirex recently announced its Company's plan to return to being quoted on the Bulletin Board (OTCBB), which the Company believes will increase its opportunities to obtain financing and/or sales/franchising of its first commercial TCS Facility(s).
To facilitate Tirex's planned move onto the Bulletin Board, Tirex CFO Michael Ash hired Moore & Associates, Chartered Accountants and Advisors, PCAOB Registered, of Las Vegas, Nevada, who recently completed audits of Tirex's 2004, '05, '06, and 2007 annual reports. With these audited statements, Tirex filed amended year end 2004, '05, '06 and 2007 10-KSB annual reports with the SEC. The Company filed its fiscal year end 2008 audit and will amend its already filed fiscal 2008 10-KSB annual report in order to once again become a fully reporting company.
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The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange |
