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Press
Release Archives: 08/20/2002
Itronics
Completes Defense Department Contract by Supplying Vacuum
Water Recovery Units for ``Beneficial Use Photochemical
and Water Recycling''
RENO,
Nev.--(BUSINESS WIRE)--Aug. 20, 2002--Itronics Inc.
(ITRO - news) today reported that its subsidiary, Itronics
Metallurgical, Inc., recently completed a Department
of Defense contract for five vacuum water recovery units.
This sale will be reported in the third quarter results
and will more than double the photochemical services
revenues compared to the third quarter of 2001. "This
contract could be a significant first step in providing
our services to the entire U.S. military," said
Dr. John Whitney, Itronics President.
"The
supplied vacuum water recovery units are second generation
photochemical vacuum distillation machines capable of
concentrating used photochemical solutions by 80 to
95 percent," said Dr. Whitney. "The recovered
water is pure and can be reused."
With
a manufacturing agreement in place to produce the distillation
units, Itronics Metallurgical now offers complete "Beneficial
Use Photochemical and Water Recycling." This technology
is completely operational on a commercial scale, including
the manufacture of a line of field proven, earth friendly,
liquid fertilizer products now being marketed under
the GOLD'n GRO trademark.
This
proprietary technology makes it possible to completely
recycle used liquid photochemicals and the water they
contain, making it unnecessary to continue to discharge
this chemical waste into the nation's sewer systems.
The Department of Defense military bases utilizing Itronics'
"Beneficial Use Photochemical and Water Recycling"
program will eliminate all photochemical discharges
to sewers while 100 percent of the photochemical concentrate
will be converted into GOLD'n GRO liquid fertilizer
products. The recovered pure water will be available
for reuse, which is a very attractive alternative.
After
the vacuum water recovery units are installed and operational,
Itronics Metallurgical will begin to receive and process
the photochemical concentrates produced by these machines.
"This program is a pilot project, which may lead
to providing our 'Beneficial Use Photochemical and Water
Recycling' services to all branches of the U.S. Armed
Forces throughout the country. It is being developed
by the Department of Defense in consultation with the
Federal Environmental Protection Agency," Dr. Whitney
said.
Itronics
Metallurgical sells its earth friendly GOLD'n GRO liquid
fertilizer, which can also be used for lawns and houseplants,
and its popular Silver Nevada Miner bars, a souvenir
of the Silver State, through its "e-store"
shopping cart catalog at the Company's web site http://www.itronics.com.
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 photowaste and
to convert the resulting liquid into environmentally
beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO.
Itronics
Inc. is one of Nevada's leading process technology development
companies and a world leader in photochemical recycling.
Headquartered in Reno, Nevada, it specializes in recycling
technology development, photobyproduct recycling, silver
refining, and technical services for the mining and
recycling industries. 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 award in the chemical process
industries worldwide.
VISIT
OUR WEB SITE: www.itronics.com
(The
statements in this news release that are not historical
facts or statements of current status are forward-looking
statements as defined in the Private Securities Litigation
Reform Act of 1995 that involve risk and uncertainties.
Actual results may differ materially.)
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