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INTEGRATED LABS ANNOUNCES AGREEMENT WITH PROGRESSIVE ENVIRONMENTAL SYSTEMS FOR MARKETING OF GAMMA RAY EQUIPMENT TO STERILIZE MEDICAL WASTE

INTEGRATED LABS ANNOUNCES AGREEMENT WITH PROGRESSIVE ENVIRONMENTAL SYSTEMS FOR MARKETING OF GAMMA RAY EQUIPMENT TO STERILIZE MEDICAL WASTE
 /REPEATING FROM YESTERDAY'S FILE FOR POINTS AS NEEDED/
 NEW YORK, Sept. 16 /PRNewswire/ -- Integrated Labs, Inc. (NASDAQ: ITLB) and Progressive Environmental Systems, Inc., of New York, announced today they have entered into an agreement for the marketing of Integrated's gamma ray equipment to sterilize infectious medical waste.
 Under terms of the agreement, Progressive will originate leases for 30 units of equipment by the end of 1993, to end-users such as waste transfer stations and landfill operators. Integrated said it expects each unit to generate up to $8 million in gross revenue per year and $5 million in net profits.
 Progressive will focus marketing efforts in areas experiencing high medwaste treatment and disposal costs and limited access to landfills. Initial market development will be in New York, California, Illinois, Florida and New England. The irradiation process allows Integrated to offer a cost-effective method for medwaste sterilization and will increase end-user profitability by 20-30 percent.
 The medwaste treatment and disposal industry has grown rapidly in the past three years due to increased state and federal regulations. More materials are now defined as "infectious" and more workers are covered by OSHA regulations to protect their safety and health. Integrated estimates the current U.S. medwaste market at 7 billion pounds per year.
 Under the agreement, Progressive proposed to establish a national network of regional distributors among highly qualified independent waste management companies. Regional distributors will both use the gamma ray equipment to sterilize collected medwaste and will market the equipment for use by other end-users in their regions.
 Integrated expects its irradiation process, which uses a specific isotope, to completely sterilize infectious wastes faster than existing technologies such as incineration and autoclaving. In addition to sterilizing, the process eliminates all odors making the material safe for handling and disposal in landfills.
 -0- 9/16/92 R
 /CONTACT: Randolf Leidl, president of Integrated Labs, 212-751-6559, or John LaFrance of On-Time Communications, 609-795-3678, for Integrated Labs/ CO: Integrated Labs, Inc.; Progressive Environmental Systems, Inc. ST: New York IN: MED SU:


MJ-LJ -- PHW31 -- 0838 09/17/92 16:37 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
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