AMERICAN RE-INSURANCE COMPANY ANNOUNCES NEW STRATEGIC RELATIONSHIP AGREEMENT WITH ENVIRONMENTAL MANAGEMENT STRATEGIES, INC.
PRINCETON, N.J., Nov. 3 /PRNewswire/ -- AM-RE SERVICES, INC., a subsidiary of American Re-Insurance Company, has entered into a strategic relationship agreement with Environmental Management Strategies, Inc., (EMS), announced Paul Inderbitzin, president of American Re-Insurance Company. According to the agreement, AM-RE SERVICES will market EMS's proprietary technologies for bioremediation of target petroleum hydrocarbons, including polynuclear aromatic hydrocarbons (PAHs). EMS's bioremediation systems are effective for the treatment of soil, sludge and ground water. "American Re ultimately hopes to reduce the cost and liabilities associated with site contamination from PAHs," said Stuart W. Ferguson, vice president of AM-RE SERVICES' Technology Transfer Department. "EMS has unique capabilities for remediation of PAHs. Its technologies are more cost efficient than other methods used to clean up these problematic compounds." EMS is an environmental service company headquartered in North Brunswick, N.J., that specializes in providing clients with cost- effective solutions for a broad range of environmental problems. In addition to its conventional environmental remediation and construction capabilities, EMS has a unique core technology which effectively bio- degrades complex organic compounds. According to EMS's President Thomas K. McNeil, the enhanced bioremediation technology offers clients a substantial reduction in both cleanup costs and liabilities associated with complex hazardous compounds such as PAHs. "In conjunction with AM- RE SERVICES, we are targeting the former manufactured gas plants of which there are more than 2,000 sites around the country. EMS's onsite remediation technology can reduce cleanup costs by anywhere from 25 to 75 percent. AM-RE SERVICES will enable us to accelerate the awareness and acceptance of our capabilities to reduce the risk posed to people and the environment by these compounds." AM-RE SERVICES, Inc., is a subsidiary of American Re-Insurance Company, a leading international property and casualty reinsurer with assets of more than $4 billion. With 27 offices around the globe and 1,200 employees, American Re enjoys business relationships with many of the world's largest companies. American Re provides its corporate clients with customized risk-management strategies for environmental and other areas of liability. AM-RE SERVICES offers technology, transfer, marketing, technical and business services to emerging growth companies and introduces new technologies into the marketplace through the extensive American Re business relationships. /delval/ -0- 11/3/93 /CONTACT: Stuart Ferguson of American Re-Insurance Company, 609-243-4332/
CO: AM-RE SERVICES, INC.; American Re-Insurance Company ST: New Jersey IN: INS SU:
JM-MJ -- PH021 -- 0187 11/03/93 13:27 EST
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|Date:||Nov 3, 1993|
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