ExxonMobil Adds to Its Inventory of ProMag Leak and Rupture Sealing Systems From 21st Century's Trident Technologies, Inc.
LAS VEGAS--(BUSINESS WIRE)--Sept. 15, 2003
Arland D. Dunn, President and CEO of 21st Century Technologies, Inc. (OTCBB:TFCT), announced that ExxonMobil (NYSE:XOM) has acquired a ProMag 6 Set from 21st Century's wholly-owned subsidiary, Trident Technologies, Inc. "ExxonMobil's new ProMag 6 Set is being delivered to their refinery at Baton Rouge, Louisiana," said Mr. Dunn. "This is a repeat order, as ExxonMobil already owns several varieties of ProMag systems. The addition of ProMag 6 to the equipment list at ExxonMobil's large refinery at Baton Rouge will serve to enhance that facilities' protection against leaks and ruptures of every kind, whether caused by accident or intentional. The benefit is not only community-wide...it is nation-wide. Down time caused by ruptures or leaks will be greatly shortened by the presence of ProMag at ExxonMobil's Baton Rouge refinery, thus reducing to the absolute minimum interruption in production of product. Interruption of product production at any of our nation's refineries can and will cause sharp price rises in the cost of refined petroleum products to the consumer. ProMag will be at the ExxonMobil Baton Rouge refinery to help ensure a steady flow of refined petroleum products to the nation."
ProMag (and its marine-engineered brother, SeaPatch) are leak and rupture sealing systems employing powerful rare-earth permanent magnets that are used to attached leak-sealing patches to storage tanks, pipelines, tank cars, ships at sea, any ferrous liquid containing vessel. Because of its simplicity and rapid, weldless application, ProMag (and SeaPatch) are ideally suited to deal with HAZMAT leaks and ruptures, as well as leaks involving loss of fluids at pressure. The ProMag 6 is the largest, most flexible ProMag set regularly on the market, although larger systems can be built to specification. ProMags and SeaPatches have found homes at some the world's largest companies, including CSX (NYSE:CSX), Dow Chemical (NYSE:DOW) and Conoco (NYSE:COP). In addition, Trident's magnets have been acquired for special applications by the U S Navy and the Canadian Military Authority.
"We are pleased to have customers like ExxonMobil," said Mr. Dunn. "We are also pleased with sales to various fire departments, such as Honolulu, El Paso and others. ProMags should be part of the equipment package for every one of our nation's 31,000 plus fire departments. We are working with Congressional staff to obtain funding for our fire departments through the Department of Homeland Security. We are optimistic about our chances. The results would be the ultimate equipping of all of the fire departments, funded by federal and other grants. This would be to the nation's benefit as an additional level of protection against terrorist activity, as well as accidental spills and the like."
Mr. Dunn further noted, "The incidence of spills of HAZMAT and other liquids and gases inimical to the environment and to health is so common as to pass almost unnoticed. But ultimately, we will notice. In 1999, the Port of New Orleans alone suffered 1,571 oil spills from leaking vessels, ruptured pipes, various other causes. In that year, American ports suffered over 15,000 oil leaks. This is not even considering leaks and ruptures of aging tanker hulls at sea. I daresay that if ProMags and SeaPatches had been available, the vast majority of those leaks could have been quickly and economically plugged, with minimum loss of oil or petrochemicals and maximum benefit to the countryside, the oceans, rivers and shore life, not to mention the people living there or nearby. The cost on a per ship/dock site basis had ProMag and SeaPatch been available would have been minimal as compared to the losses suffered. We plan to and we will equip the nation with ProMag and SeaPatch. We will do it in cooperation with the Department of Homeland Security, and we will do it as more and more customers like ExxonMobil realize the great value which our products offer to them and the nation. Compared to the losses which will be prevented or contained, the cost of acquisition of large numbers of ProMags and SeaPatches to deal with these problems is money wisely spent--a bargain, from which we will benefit, obviously, but so will the nation."
Safe Harbor Statement
The statements made by 21st Century Technologies Inc. (the "Company") may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from those projected due to risks such as changes in interest rates, market competition, our ability to generate orders and various other business risks.
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|Date:||Sep 15, 2003|
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