EarthFirst Technologies, Tampa, FL, a specialized holding company engaged in the research, development and commercialization of technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid waste, and in supplying electrical contracting services internationally.

EarthFirst Technologies, Tampa, FL, a specialized holding company engaged in the research, development and commercialization of technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid waste, and in supplying electrical contracting services internationally, announced that its wholly-owned subsidiary, World Environmental Solutions, has entered into a licensing agreement valued at over $20 million with Ireland-based Midwest Transport Limited to build rubber tire remediation plants in Ireland and the United Kingdom. Under the agreement, EarthFirst will be paid a $700,000 onetime licensing fee by Midwest Transport, which has been granted the exclusive fight to market EarthFirst's proprietary and patent-pending catalytic activated vacuum distillation (CAVD) technology in Ireland and the U.K. The agreement also requires Midwest to purchase three CAVD rubber tire remediation plants, including one CAVD plant in Ireland and two in the U.K., at a price of $6.5 million per plant, excluding the cost of shredding or generation equipment and associated shipping charges. Each plant to be fabricated, constructed and installed by World Environmental Solutions, will process a minimum of 48 tons of tires per day.