BOSTON, June 16, 2010 (GLOBE NEWSWIRE) -- Jack Walsdorf, Vice President of Waste Management for Converted Organics (Nasdaq:COIN), is scheduled to present to the International Fund for Agricultural Development (IFAD) in Rome, Italy on June 22, 2010 to discuss the potential to foster global agricultural development and food security through the use of the Company's food waste recycling process and its proprietary High Temperature Liquid Composting technology (HTLC™).
IFAD is a specialized affiliate of the United Nations and seeks to help citizens in developing countries to achieve higher incomes and food security. "It is an honor to present to the IFAD organization and for Converted Organics technology to be evaluated as a potential catalyst in facilitating new solutions to alleviate the current world hunger crises, which is especially severe in developing countries," said Walsdorf.
Converted Organics uses its HTLC technology to rapidly and cost-effectively convert food waste into an organic fertilizer, a valuable, renewable resource, which offers an economically and environmentally sustainable alternative to land filling by helping recycling food waste and preventing decomposition, which emits harmful methane gases into the atmosphere. The presentation will highlight the Company's Scalable Modular Aerobic Technology (SMART) units, which may function as a critical option for gaining food security. Able to process 5-50 tons of food waste per day, the SMART units are powered by established power systems or generators, and can function both indoors and outdoors, and operate in both remote and crowded urban centers. This helps facilitate resource recycling and waste management solutions, while utilizing the HTLC technology to produce an organic fertilizer to be used on a variety of crops. Local production of fertilizers is a critical element to achieve food security.
The SMART units offer environmental benefits such as a reduction of waste and greenhouse gases and increased recycling; social benefits including improved access to food, increased crop yields and income for rural farmers, nutritional density and local food production; and economic benefits, namely job creation, lowered fertilizer costs, and introduction of a profitable clean technology to help manage waste and food insecurity.
Converted Organics fertilizers have been shown to increase crop yields by up to 30% while using significantly less fertilizer, and to help grow healthier plants that need fewer pesticides/fungicides, while reducing the risk of chemical fertilizer runoff. Unlike chemical fertilizers, the product restores soil nutrients, creating healthy, sustainable agriculture.
About Converted Organics
Converted Organics (Nasdaq:COIN) (www.convertedorganics.com) is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431
About IFAD
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference. The Conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa. The conference resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries." One of the most important insights emerging from the conference was that the causes of food insecurity and famine were not so much failures in food production, but structural problems relating to poverty and to the fact that the majority of the developing world's poor populations were concentrated in rural areas.
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