Boca Raton, Florida, Nov. 11, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc., (OTCBB:SHPR) announces that the Company has begun assembling an engineering and scientific team for the Company's research and development facility scheduled to begin operations before year end in the British Virgin Islands(BVI). The Company began interviewing potential new team members in September 2013 and believes it has identified a core group capable of adding both the scientific depth and additional engineering experience necessary for the continuing growth and development of Poly Shield Technologies Inc.
Upon conclusion of the Company's interviewing process, Chairman and CTO Rasmus Norling commented: "We believe that the establishment of a research and development facility in BVI has allowed the Company to consider a significantly larger pool of qualified applicants. These applicants were required to have a depth of knowledge in very specific scientific disciplines and the extensive engineering and development experience necessary to support and contribute to the Poly Shield Technologies Inc.'s research and development goals."
Poly Shield Technologies Inc., will continue updating the public on the DSOX -15 Fuel Purification project as it progresses through survey, development, testing and installation to certification.
About Poly Shield Technologies Inc.:
Poly Shield Technologies Inc., develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.
Poly Shield Technologies Inc.'s proprietary DSOX-15 Fuel Purification System is a cost-effective technology designed to remove sulfur from fuel in an effort to meet the upcoming sulfur emissions regulations due to take effect in 2015. The technology is currently aimed at the maritime industry which includes vessels for cruise-line, freight shipping and tanker companies and can be installed during normal vessel operation without the need to use expensive dry dock time. The technology has a worldwide application that is not limited to the maritime industry.
The Poly Shield's Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics. They were tested and are in use in a number of different industries including marine, aerospace, oil-field, industrial, commercial, and residential applications.
On behalf of the Board of Directors
Rasmus Norling, Chairman / CTO
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Poly Shield Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Poly Shield Technologies Inc.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Poly Shield Technologies Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Poly Shield Technologies Inc.'s forward-looking statements. Except as required by law, Poly Shield Technologies Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Poly Shield Technologies Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
For further information about Poly Shield Technologies Inc. please visit the company's website at
Or phone us at 800-648-4287
Poly Shield Technologies Inc.
Boca Raton, Florida, UNITED STATES
Day's Range: 0.94-1.03
Previous Close: 0.98
Market Cap: 193.63M
Day's Volume: 87,843
Poly Shield Technologies Inc. logo