CalciTech Signs Up W.S. Atkins.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--May 13, 2003 CALCITECH LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : CLK CLK Clock CLK Clerk CLK CDC2-Like Kinase CLK Corel RAVE (file extension) CLK Chep Lap Kok (Hong Kong airport) CLK Ceska Lekarska Komora (Chech) ; Freiverkehr: XCH XCH Exchange XCH Christmas Island (airport code) XCH Extended Channel ; OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CLKTF) announces that agreements have been signed with W.S. Atkins Ltd of Stockport, United Kingdom and CalciTech Deutschland GmbH to complete the Technical Due Diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. Assessment and Subsequent Technical Audit on the process, construction and commissioning of the Synthetic Calcium Carbonate calcium carbonate, CaCO3, white chemical compound that is the most common nonsiliceous mineral. It occurs in two crystal forms: calcite, which is hexagonal, and aragonite, which is rhombohedral. "SCC SCC - strongly connected component " plant to be built at Leuna, Germany. The first part of this assignment will be completed shortly and the Assessment will also be available to project funding sources currently under negotiation. The second phase Subsequent Technical Audit will commence with final building approval and carry through to final commissioning of the plant in 2004. W.S. Atkins have been associated with the plant design for some four years, from an early stage. They are International consulting engineers with over 25 years experience of operating within this industry. Most notably they were advisers to the syndicate of banks providing debt finance in respect of the Channel Tunnel Rail Link The Channel Tunnel Rail Link (CTRL) is a project to construct a 108 km (67 mile) high-speed railway line from London through Kent to the British end of the Channel Tunnel. and they also carried out technical due diligence on behalf of an international power group on a process converting waste material into useful products. The W.S. Atkins Project Manager, Alec Johnston commented, "Our involvement with the CalciTech technology for some time and specific experience in this area of engineering gives us confidence in timely commissioning of the plant". The CalciTech Project manager, responsible for building the Leuna plant will be Christoph Jensen, a German national, who is based at the company's Leuna facility. Christoph, a mechanical engineer, was formerly employed within the PCC PCC prothrombin complex concentrate. industry where he was responsible for constructing a number of PCC plants in various parts of the world before he joined CalciTech. He is therefore ideally suited to build CalciTech's first SCC plant. "W.S. Atkins are the ideal partner to help make this project a success" comments Christoph Jensen. About CalciTech CalciTech Ltd. has developed a unique process for the upcycling of industrial waste lime and flue gas carbon dioxide into white pigment grade Synthetic Calcium Carbonate (SCC). The production of this innovative product is based on a patented process developed in collaboration with several universities and research centres. The first plant will be located in Leuna, Germany. The plant is expected to produce over 40,000 tons of SCC per year. CalciTech intends to expand its worldwide technology-leadership in the production of environmentally friendly SCC.. Given the high quality of the product, the company foresees several application areas in different industrial markets, above all in the paper manufacturing market. The company is based in Bermuda with administrative headquarters in Ferney Voltaire, France. CalciTech's shares are listed in Canada on the TSX (Symbol: CLK), in the United States on the OTC BB (Symbol; CLKTF) as well as on the Freiverkehr in Germany (Symbol;XCH). This press release contains forward-looking statements which are subject to a number of contingencies and uncertainties, including but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. No Stock Exchange has reviewed or accepted responsibility for the adequacy or accuracy of this press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion