Geometra Inc. signs worldwide sales agreement with ECO2 Inc. for sales of scrap tire to oil technology.SACRAMENTO, Calif --(BUSINESS WIRE)--October 10, 1995--ECO2 Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TIRE) has signed an international sales agreement for its pyrolysis py·rol·y·sis n. Decomposition or transformation of a chemical compound caused by heat. pyrolysis (pīrol´isis), n energy recovery system with "James E. Moore dba Geometra Pyrolysis Energy Recovery Systems" (Sacramento, Calif.) to market ECO E·co , Umberto Born 1932. Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture. 2's scrap tire pyrolysis recycling equipment worldwide, announced Charles Ledford, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Geometra," and its sister corporation Geometra Engine and Fuel System, Inc., plan to market a kinematic kin·e·mat·ics n. (used with a sing. verb) The branch of mechanics that studies the motion of a body or a system of bodies without consideration given to its mass or the forces acting on it. engine powered by scrap tire No. 4 grade diesel fuel oil, in conjunction with ECO2's tire oil pyrolysis system, to developing nations and others. Running on recycled No. 4 grade fuel oil, the Geometra external combustion power plant produces 80 to 150hp, thus creating a mini-electric power plant designed for industrial, commercial, agricultural and residential use. "Geometra" was formed in 1989 to engage in land acquisition, land use planning
Land use planning is the term used for a branch of public policy which encompasses various disciplines which seek to order and regulate the use of land in an efficient and ethical way. , urban design and infrastructure development. Its stock is owned by co-founder Robert E. Shaw (25%), and equally (34.44% each) by two foundations with religious interests - the Vicariatus Urbus Foundation, a non-profit, benevolent corporation controlled by the Roman Catholic dioceses of Rome, Connection Office, and Sharing International Inc., a Tennessee-based non-profit organization, whose board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. are members of the Seventh Day Adventists Church, which donates funds and services in the U.S. and throughout the world. "Geometra" presently has 14 appointments with heads of foreign governments, which will enable them to place 14 ECO2 pyrolysis plants. The oil produced from these plants will work in concert with the kinematic engine as the fueling supply system. The above sales are anticipated to take place within the year 1996. The Kinematic stand-alone power generating plant was developed by NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Lewis Research Center, Cleveland, OH, and Mechanical Technology, Inc., a research company, and is known as the Sterling Engine model No. 1, 2 and 3. Each ECO2 five-unit pyrolysis plant will sell for a cost of $5.6 million. Each plant process 1.5 million tires annually, turning scrap tires into salable products, including recycled oil, shredded ("crumb") rubber, carbon black, scrap steel and nylon fiber. In 1993, ECO2 won Florida State Department of Environmental Protection approval to operate commercial tire pyrolysis systems. The company also manufactures recycled rubber doormats, tree rings, vibration pads, sidewalk tiles, "ECO Mulch," and rubber for landfill liners and road-grade asphalt paving. CONTACT: Charles Ledford 904/481-0187 or James E. Moore 916/449-9557 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion