ThermoSeal Process Could be the Solution to the Billion Dollar Lateral Problem Facing Most Municipalities in the United States Today!PITTSBURGH--(BUSINESS WIRE)--Dec. 22, 1998--Infrastructure Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ITXX) announced today the company has successfully completed its first field trials in Chicago. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Henman Pipeline Systems Inc., the company utilizes its patented ThermoSeal(tm) System to quickly and economically repair damaged underground sewer lines. The company has retained the services of Dr. Mohammad Najafi, P.E., director of the Trenchless Technology Institute at Missouri Western State and Dr. Tom Iseley, P.E., former chairman of the Department of Construction Technology at the Purdue University Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. School of Engineering
& Technology in Indianapolis, to prepare an independent evaluation
of the results of the Chicago trials. In addition, Drs. Najafi and
Iseley will be developing guideline specifications to be used by
municipalities throughout the country for the installation of the
ThermoSeal(tm) lateral system (Bridge Building) the system of horizontal braces (as between two vertical trusses) by which lateral stiffness is secured.See also: Lateral . Dr. Iseley stated, "If our evaluation of the data from these Chicago trials turns out as positive as it appears, the ThermoSeal(tm) process could be the solution to the billion dollar lateral problem facing most municipalities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. today." Mark Smith, 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. of Infrastructure Technologies stated that: "Following the success of the Chicago trials, we are now ready to begin repair work and further municipal demonstrations in such cities as Pittsburgh; Mobile, Ala.; Broward County (Miami), Fla.; Hollywood, Fla.; Austin, Texas; and Vallejo (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ), Calif. among others." Infrastructure Technologies Inc., through its wholly owned subsidiary, Henman Pipeline Systems Inc., owns the exclusive rights to utilize the ThermoSeal(tm) system of trenchless underground pipeline rehabilitation. This system allows the company to quickly and economically repair various types of underground pipes and structures without the need to perform costly and disruptive excavation. Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion