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Press
Release Archives: 11/11/2003
Itronics
Completes Key Phase of Project to Convert Glass Slag
Produced By Photochemical Silver Refining to Commercial
Products
-
Conclusion of Project Will Mean 100 Percent Recycling
of Wastes -
RENO,
Nev., Nov. 11 /PRNewswire-FirstCall/ -- Itronics Inc.
(OTC Bulletin Board: ITRO; Frankfurt Stock Exchange:
ITG), reported today that its wholly owned subsidiary,
Itronics Metallurgical, Inc., has completed a key phase
of the research to produce formulated glass products
from the glass slags produced by silver refining at
its Stead, Nevada, recycling facility.
This
research project was initiated in June 2000 when Itronics
President Dr. John Whitney said, "Our goal is to
manufacture an 'intermediate' glass product that can
be sold to manufacturers of specialty glass products,
including decorative tile."
"Our
intensive research identified three product categories:
(1) a glass ceramic mixture that can be used to produce
tile and other shapes suitable for glazing and commercial
use; (2) glass formulations that can be used as 'lead
free' low and intermediate temperature glazes for decorative
tile and the craft pottery trade, and (3) specialty
boro-silicate glass formulations," said Dr. Whitney.
"The next phase of this project will focus on production
of small product quantities for evaluation and product
market studies, and is expected to be completed within
two to three years."
The
environmental objective of the glass slag recycling
research and development project is to achieve 100 percent
"Beneficial Use" recycling of the used photoliquids
which Itronics Metallurgical processes into GOLD'n GRO
liquid fertilizers and in the recovery and refining
of the contained silver. The commercial objective is
to expand the profit margins of the silver refining
segment and to create the opportunity for long term
growth of this segment by producing specialty products
for the tile, craft pottery, and specialty glass markets.
"Continuing
to advance this project is important for the long term
future of Itronics," said Dr. Whitney. "As
environmental pollution and the cost of managing that
pollution continues to increase, projects such as this
which eliminate waste by producing beneficial products
are rapidly becoming financially rewarding."
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 convert the resulting liquid into environmentally
beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO, and animal
repellent/fertilizer products under the trademark GOLD'n
GRO GUARDIAN. These earth friendly liquid fertilizers,
which can be used for lawns and houseplants, and the
popular Silver Nevada Miner bars, a souvenir of the
Silver State, are available at the Company's Web site:
http://www.itronics.com/ .
Itronics
Inc. is one of Nevada's leading process technology companies
and a world leader in photochemical recycling. Headquartered
in Reno, Nevada, it recycles spent liquid photochemicals
into liquid GOLD'n GRO fertilizer products and GOLD'n
GRO GUARDIAN animal repellent/fertilizer products, recovers,
refines, and sells silver, manufactures a line of photochemical
silver concentrators, and 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 has become 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: http://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.)
CONTACT:
Paul Knopick, +1-888-795-6336, for Itronics Inc.
Web
site: http://www.itronics.com/
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