Underground Solutions Receives the Prestigious NASTT ``Innovative Product of the Year'' Award; Fusible PVC Picked from Over a Dozen Innovative Product Nominees.
PITTSBURGH--(BUSINESS WIRE)--April 8, 2004
Underground Solutions, Inc. (Pink Sheets:UGSI) announced today that it has received the "Innovative Product of the Year Award" for its Fusible PVC(TM) from the North American Society for Trenchless Technology.
Each year, NASTT recognizes the company that has the year's most innovative product. Underground Solutions received the NASTT Innovative Product Award at the 2004 No-Dig Show in New Orleans for its Fusible PVC(TM) pipe. The market for this product in trenchless includes directional drilling, sliplining, and pipe bursting. More than a dozen companies submitted applications in 2004, which suggests that this year's recipients were in an extremely competitive arena. As the Rehabilitation winner, Underground Solutions was formally recognized at the NASTT No-Dig Show Gala Awards Dinner on March 23, 2004. In addition, they will be recognized on the official website for NASTT, as well as coverage in Trenchless Technology magazine, and a free exhibit booth space at No-Dig 2005."
NASTT is the North American Society for Trenchless Technology. It is a multiple disciplinary society of individuals and organizations with professional, utilitarian or environmental interests in Trenchless Technology. It was founded and incorporated as a non-profit organization in June 1990. It is affiliated with the International Society for Trenchless Technology (ISTT) and shares the same basic concerns for the environmental and social costs of utilities trenching. Their purpose is to advance the science and practice of Trenchless Technology for the public benefit; to develop standards; to promote education, training, research, development and information; and to promulgate through public forums the improvements and status of Trenchless Technology.
Fusible C900(TM) and Fusible C905(TM) PVC are two new patent-pending products recently developed and introduced by Underground Solutions. Both products are NSF-61 certified and cover a full range of piping diameters from 4 inch to 48 inch to provide the only available method of installing a continuous, monolithic, gasket-free PVC pipe or conduit capable of being used in numerous trenchless (no-dig) or conventional "open-cut" applications. Applications for this revolutionary technology cover every aspect of piping installations including both pressure and non-pressure situations in the water, sewer, electrical, industrial and telecommunications industries. According to a recent report by The Freedonia Group, a leading authority on the piping industry, approximately 6 billion feet of plastic pipe is installed by the construction industry each year.
About Underground Solutions:
Underground Solutions has developed and continues to develop unique and practical technologies focused exclusively on the underground infrastructure industry. Total spending on this industry over the next 20 years is projected by the EPA and various agencies to exceed one trillion dollars. UGSI's products developed and successfully introduced into the market to date include Duraliner(TM), Fusible C900(TM) and Fusible C905(TM). To date, the Company holds or has pending 13 various patents.
Duraliner(TM) is a unique patented process which allows the Company to replace deteriorated water lines and other pressure pipes with minimal excavation. It is the only pipeline renewal system resulting in a "stand alone" structural lining capable of handling internal minimum operating pressures of 150 psi with a 3.2 safety factor. Duraliner(TM) conforms to NSF 61 Standards for Drinking Water Components/Health Effects. In addition, Duraliner(TM) provides an equivalent design-life of new PVC pipelines (75 to 100 years) thus qualifying the rehabilitated pipe lines to be capitalized as new assets under the rules of GASB Statement 34.
Certain statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
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|Date:||Apr 8, 2004|
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