NEWPORT BEACH, Calif., June 28, 2012 (GLOBE NEWSWIRE) -- IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (PIEX) announces it has confirmed through independent third party testing that it has successfully developed a process to treat toxic incinerator bottom ash (IBA) to meet acceptable Environmental Protection Agency (EPA) standards. IBA is the residue from burning coal or solid waste in order to generate electric power.
Proposed EPA regulations designating IBA as a hazardous material have threatened to restrict its use as an additive to concrete and construction materials, effecting provisions to the current proposed renewal of the Federal Highway Bill legislation set to expire this June 30, 2012. Energy companies and the construction industry want to include provisions to the legislation barring the EPA from such restriction, while environmentalists oppose such provisions.
IBA Green's technology, now confirmed through independent verification, "is a process to treat and convert IBA into viable and environmentally responsible construction materials," said Angelo Scola, Chairman of the Board of IBA Green. "The treated IBA can produce a geoploymer concrete that not only meets all EPA and ASTM standards, but also makes a concrete that is far stronger and lasts twice as long as concrete used today in the building of highways and bridges", explains Mr. Scola.
The independent third party testing of IBA Green's technology consisted of treatment of a specific IBA sample. It was confirmed that the resultant solidified product yielded extractable metal content well below expected levels of standardized testing including the EPA 1311 TCLP and was compliant with levels for safe disposal and applications in the U.S. and around the world.
About IBA Green, Inc.
IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and economically utilize the previously toxic end product. The IBA Technology works in synergy with the waste-to-energy industry, converting the toxic end products into commercially viable green construction products.
The IBA Technology was specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually.
For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
On Behalf of the Board of Directors
Angelo Scola
Chairman of the Board
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that IBA Green or Pioneer Exploration 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. Should one or more of these risks or uncertainties materialize, or should any of IBA Green or Pioneer Exploration's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on IBA Green or Pioneer Exploration's forward-looking statements. Except as required by law, IBA Green or Pioneer Exploration 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 has reviewed nor accepts responsibility for the adequacy or accuracy of this release.
SOURCE Pioneer Exploration Inc.