Bioponic International to Expand Its MR3 Metals Processing Production Capacity -- Cash-Flow Positive Forecasted for 2000.
Bioponic International (NQB:BPON) announced today the expansion of production capacity at its MR3 metals extraction plant in Butte, Montana.
The Expanded plant is expected to reach full production by July 2000, at which time the Company would become cash-flow positive.
Becoming cash-flow positive will permit the company to pursue the profitable industrial-scale projects for which the MR3 technology was designed. Target global markets for the MR3 process have combined industry-wide annual sales in excess of $100 billion, and include the processing and treatment of electric arc furnace dust, semiconductor manufacturing effluent, mercury and hydroxide sludges, precious metals mining tailings and incinerator fly ash.
MR3 is a high-tech, state-of-the-art metals extraction and separation technology capable of converting hazardous liabilities into non-hazardous, profitable assets through the large-scale processing of industrial wastes and other complex metals sources into pure metals and specialty chemical products. The company believes this is to be the only technology available that can selectively and individually remove and purify all targeted metals from aqueous solutions economically on a commercial scale.
Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, many of which are beyond the Company's control.
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|Date:||Dec 16, 1999|
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