|By Marketwired .||
|December 12, 2012 12:15 PM EST||
SARASOTA, FL -- (Marketwire) -- 12/12/12 -- Global Technologies Group, Inc. (PINKSHEETS: GTGP) reports results of the last meeting held at Oak Ridge National Laboratory (ORNL) on September 12, which discussed the MBS technology for use at the Y12 complex. Present at the meeting were James Fallacaro, Global Technologies Group, Inc., Martin Matushek, M2 Polymer and J. Bickford, MSE Technology Applications, Inc. Those attending the meeting were representatives from the US Department of Energy (DOE), 6 members of (UCOR/URS_CH2M Oak Ridge LLC) CDM-Smith, B&W Y12 (the general contractor for the Y12 site) and Strata-G a subcontractor to UCOR. All of the major stakeholders in the Y12 Mercury soils project were present.
The meeting covered the past case studies showing the successful use of MBS at numerous environmental sites for most RCRA heavy metals, including Mercury. Also covered in the presentation was data from 2004 showing the successful use of MBS in Mercury contaminated soil from the Y12 site itself. The soil samples had been provided and the report commissioned by the US DOE. The presentation also covered testing by MSE for the new combination of MBS and M2 Polymer's Waste Lock® super absorbent polymers thereby offering a simultaneous solidification and metals binding technology. The presentation concluded with studies done by MSE for Mercury and Uranium in soils using MBS as well as additional studies done by MSE for Mercury in stack gasses for power plants and cement plants using the MBS technology. The meeting was led by Martin Matushek and J. Bickford for the technical presentation and then opened up for technical discussion at the conclusion.
The results of this meeting led to an October email to Global by UCOR for a cost estimate to handle 300 tons of the soils contaminated by Mercury at Y12. We proceeded to compile and send to them the pricing and timeline for that project. Within a few weeks after their review, we were contacted again in November and asked to do a full analysis for capital costs for a waste processing system to be installed at the CERCLA landfill adjacent to Y12 and a price per ton for treatment using MBS for 100 tons per day for a period of five years. Martin Matushek, J. Bickford and James Fallacaro worked on that cost analysis and sent UCOR the total capital cost estimates and waste processing cost estimates (per ton) for that project. We are currently awaiting the decision of B&W Y12, the prime contractor, for the use of the MBS technology for the projects.
Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in Countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn key projects. Solucorp Industries is the patent holder and licensor of the MBS technologies.
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