Covol Technologies announces strategic marketing agreement.LEHI, Utah--(BUSINESS WIRE)--Oct. 12, 1995--Covol Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CVOL CVOL Control Volume ), disclosed Thursday that it has signed a strategic marketing agreement with an international company which is a leader in waste materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . This agreement will enable Covol to take advantage of more unique customer needs. The purpose of the agreement is to provide Covol Technologies with swarf swarf n. Fine metallic filings or shavings removed by a cutting tool. [Of Scandinavian origin; akin to Old Norse svarf.] . Swarf is a non-hazardous, metal bearing waste material that is generated when metal is ground during machining operations. Producers and manufacturers who generate swarf, which is currently being disposed of through landfill operations, will now be able to recover these swarf materials and more importantly, recycle re·cy·cle tr.v. re·cy·cled, re·cy·cling, re·cy·cles 1. To put or pass through a cycle again, as for further treatment. 2. To start a different cycle in. 3. a. them using Covol's unique iron reduction technology. Covol will process swarf, utilizing this iron reduction technology, yielding a low residual iron product that can be utilized in steel production. Kirby Cochran, Covol president, stated, "This agreement indicates the broad interest and applicability of our technology to the needs of a wide range of customers. We will continue to seek additional customers that can benefit from the use of our unique technology as we expand our market base." Covol Technologies Inc. is a technology development company focused on recycling yesterday's waste into tomorrow's resources. CONTACT: Covol Technologies Inc., Lehi Alan Ayers, 801/566-8667 801/768-4483 (fax) |
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