Alberta Surface Enters Into License Agreement with Lafarge Calcium Aluminates, Inc.CALGARY, ALBERTA--(BUSINESS WIRE)--March 4, 1997--Alberta Surface Syst(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). ABS.) Alberta Surface Systems Ltd. is very pleased to announce that it has entered into a license agreement with Lafarge Calcium Aluminates Calcium aluminates are a range of minerals[1] obtained by heating calcium oxide and aluminium oxide together at high temperatures. They are encountered in the manufacture of refractories and cements. , Inc. of Chesapeake, Virginia Chesapeake is an independent city located in the South Hampton Roads region of eastern Virginia in the United States. One of the Seven Cities of Hampton Roads, Chesapeake was formed in 1963 by a political consolidation of the City of South Norfolk with the former Norfolk County, . The licence agreement grants Alberta Surface Systems Ltd. the exclusive rights to distribute and market the SEWPERCOAT product in Canada. The SEWPERCOAT product is new to Canada but is proven technology developed by Lafarge for the rehabilitation and protection of sanitary sewer A sanitary sewer (also called, especially in the UK, a foul sewer) is a type of underground carriage system for transporting sewage from houses or industry to treatment or disposal. manholes and transmission mains, lift stations, vaults and sewage treatment Sewage treatment Unit processes used to separate, modify, remove, and destroy objectionable, hazardous, and pathogenic substances carried by wastewater in solution or suspension in order to render the water fit and safe for intended uses. plants. Alberta Surface Systems Ltd. will be responsible for the introduction of the product in Canada as well as the development of a network of skilled licensed applicators throughout the country. Lafarge is one of the largest cement manufacturing companies in the world and its commitment to quality in material development and application is of world renown. The SEWPERCOAT product is the culmination of over 50 years research into the causes of corrosion of concrete in waste water systems. This technology will total eliminate concrete corrosion caused by the affects of bacterial and acid produced by H2S H2S Hydrogen Sulfide H2S How to Succeed in Business Without Really Trying (Also abbreviated H2$) H2S Heart to Soul (song) gas. Municipal markets have been the cornerstone of Alberta Surface Systems Ltd's operations since its inception in 1993 and the primary clients for SEWPERCOAT are municipalities. Company management is excited about the market potential of the new product. Major portions of municipal budgets and infrastructure renewal programs are devoted to water and waste-water system development and restoration. The SEWPERCOAT technology has three tremendous coat savings benefits for municipalities in the no-dig repair process, in the preservation of existing roads and structures and finally in the reduction of water infiltration from deteriorated manhole structures that are a significant additional cost to the treatment of waste-water. Secondary markets include the oil & gas and pulp & paper industries. Benefits to Alberta Surface Systems Ltd. for acquiring this license are first, a shorter sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. for SEWPERCOAT due to an already existing client base. Secondly, the products are complimentary to the other product lines currently held by the Corporation. Thirdly, the national license positions the company further into the distribution side of the concrete repair materials business and contributes significantly to management's goal of establishing year round operations and cash flow capability. The Company's primary marketing focus will be two-fold. First, it intends to work closely with municipal engineers to ensure the specification of the SEWPERCOAT product in waste-water restoration projects and secondly it intends to establish numerous qualified licensed applicators throughout the country. Alberta Surface Systems Ltd. is an Alberta based company trading on The Alberta Stock Exchange under the trading symbol Trading symbol See: Ticker symbol "ABS". It is currently engaged in the repair, restoration and preservation of concrete surfaces and gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. floor underlayments. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Alberta Surface Systems Ltd. John Paul, 403/ 297-9898 403/ 297-9895 (FAX) |
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