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Press Release
Archives: 06/17/2004
Itronics
Completes Installation of Heat Exchange System, Significantly
Increasing Capacity to Manufacture Fertilizer, at Its
Beneficial Use Photochemical, Silver, and Water Recycling
Plant in Reno, Nevada
RENO,
Nev., June 17 /PRNewswire-FirstCall/ -- Itronics Inc.
(OTC Bulletin Board: ITRO; Frankfurt and Berlin Stock
Exchanges: ITG) announced today that its subsidiary
Itronics Metallurgical, Inc. has completed installation
of a heat exchange system at its "Beneficial Use
Photochemical, Silver, and Water Recycling" plant
in Reno, Nevada.
The
heat exchange system reduces the time needed to manufacture
its popular GOLD'n GRO chelated zinc fertilizer products
and increases production capacity for these products
by four times on a single shift and by up to 12 times
during 24 hours of production. Total capital cost of
the installed system including all required equipment
is about $300,000 and has been fully funded.
"Ongoing changes in GOLD'n GRO liquid fertilizer
product mix and a successful shift to rapidly expanding
bulk sales of our GOLD'n GRO fertilizer products is
creating the need for certain process improvements,
such as the heat exchange system, to speed up manufacturing,"
said Dr. John Whitney, Itronics President. "With
the heat exchange system fully operational, the plant
can continue to make timely order deliveries as GOLD'n
GRO sales expand.
"Expanded load out capacity, which is budgeted
at approximately $300,000, will be needed to meet the
expected shipping requirements for the 2005 spring fertilizer
season," said Dr. Whitney. "Engineering for
this project is nearly complete and the building permit
application will be filed in July, 2004. Itronics is
actively seeking the needed funding so that construction
can be started when the building permit is received."
Itronics previously announced that sales of its environmentally
friendly GOLD'n GRO liquid fertilizers more than doubled
in the first quarter and that strong sales growth is
expected to continue throughout 2004.
Itronics, through its subsidiary, Itronics Metallurgical,
Inc., is the only company in the world with the technology
to extract more than 99 percent of the silver and virtually
all the other toxic heavy metals from used photoliquids
and to use this "Beneficial Use Photochemical,
Silver, and Water Recycling" technology to convert
the resulting liquids into environmentally beneficial,
chelated, multinutrient liquid fertilizer products sold
under the trademark GOLD'n GRO, and 5 troy ounce, 0.999
pure, Silver Nevada Miner numismatic bars. The environmentally
friendly liquid fertilizers, which can be used for lawns
and houseplants, and the popular Silver Nevada Miner
bars are available at the Company's 'e-store' catalog
at http://www.itronics.com.
Headquartered in Reno, Nevada, Itronics Inc. is Nevada's
leading "Beneficial Use Recycling" technology
company and a world leader in photochemical recycling.
The Company also provides project planning and technical
services to the mining industry. Dr. John Whitney, Itronics
President, was selected as Nevada's Inventor of the
Year for 2000 and is a member of the Inventor's Hall
of Fame at the University of Nevada, Reno. Itronics
was one of five finalists for the 2001 Kirkpatrick Chemical
Engineering Award, the most prestigious worldwide award
in chemical engineering technologies.
VISIT OUR WEB SITE: www.itronics.com
(Statements in this press release may constitute forward-looking
statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development
of new or enhanced products, the Company's future capital
needs, the lack of market demand for any new or enhanced
products the Company may develop, any actions by the
Company's partners that may be adverse to the Company,
the success of competitive products, other economic
factors affecting the Company and its markets, and other
risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission. The actual
results may differ materially from those contained in
this press release. The Company disclaims any obligation
to update any statements in this press release.)
Source:
Itronics Inc.
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