InfoSpi Plans to Open a Demonstration Plant in Order to Display Sludge Conversion to Bio-oils |
| PR Newswire - Feb 11, 2010 |
FT. LAUDERDALE, Fla., Feb. 11 /PRNewswire-FirstCall/ -- InfoSpi Inc. (OTC Bulletin Board: ISPI) announced today that InfoSpi and IBS plans to open a 50 ton a month demonstration plant that will allow sludge and sewer conversion into bio-crude (bio-oil) via a sub and/or supercritical process. The demonstration plant will be opening in Fort Lauderdale, Florida and will give local municipalities in the USA the ability to view a revolutionary solution that will solve one of their most urgent and expensive environmental challenges, their wastewater and sludge.
"The energy potential contained in wastewater and biomass exceeds by ten times the energy used to treat it, and can potentially meet up to 12% of the national electricity demand. Creating enough electricity to power New York City, Houston, Dallas, and Chicago annually," said Chris Hamilton, CEO.
This technology will provide our customers the following advantages:
* The water is recovered in a condition able to be converted into potable water.
* All sludge is eliminated.
* Bio-petroleum is obtained as an output of the applied technology.
* No pollutant outputs are produced.
"InfoSpi will charge the sludge originator (city, plant, farm, etc) $20 to $45 per ton and this will be less expensive than current transportation cost plus landfill final disposal fees or ocean dumping. In addition to being a much more ecologically sound solution, from the process we will produce oil for power generators and potable water which can all be sold back to the city for its use and the oil shall also produce additional revenues," said Chris Hamilton, CEO.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of InfoSpi Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
www.infospiinc.com
SOURCE InfoSpi Inc.
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- Posted: 2010-02-16 10:17:09
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