HOUSTON, TX--(Marketwire - June 17, 2010) - Planet Resource Recovery, Inc. (PLANET) (
To view an animation and video of technology in action visit: http://www.youtube.com/watch?v=U5q8VkVRPow
INSPAR's new patent is aimed at large diameter pipes. A large market segment for this technology is large diameter potable water transmission lines. The aging and deteriorating water transmission infrastructure in the U.S. is a growing concern to municipalities across the nation. These aging water transmission lines are subject to bursting, collapsing and further deterioration which interrupts service to citizens and is very costly to repair. The traditional method of "Remove and Replace" is too costly for already stretched municipal budgets. Repair methods currently employed to fix large diameter pipes are labor intensive, costly and subject personnel to hazardous environments.
A 2007 EPA Conference of Mayors report estimated the cost for repairs and upgrades of municipal water transmission lines at $15 billion. The growing concern to address the aging U.S. infrastructure issue recently resulted in the U.S. Commerce Department funding an $8 million project to develop a robotic platform that will repair and retrofit deteriorating water mains nationwide.
The INSPAR advantage is that its SIPP™ technology is already developed, has real world field history and is commercially viable. INSPAR's robotic Sprayed In Place Pipe technologies are operated remotely - not requiring personnel to enter hazardous environments. It structurally restores and repairs pipes ranging from 1 inch to over 174 inches in diameter. The proprietary liner formulations utilized are benign to the environment, unlike other liners that leach into the transported effluent and contain VOC's, CFC's and Endocrine Disruptors. The robotic delivery system can evenly line the interior of in-situ pipe and ensure exact membrane thicknesses ranging from .05 - 4.25 inches in one robotic pass. The liners have an ultra fast set time of 4-6 seconds resulting in expedited job completion and limited downtime. The SIPP™ technology can be used on pipes of any composition including, but not limited to; concrete, steel and plastic. The end product of the SIPP™ technology is the restoration of asset integrity, meeting or exceeding environmental compliance and extending the design life of the restored pipe by 75 -100 years.
INSPAR's innovative technologies serve diverse industries such as nuclear, coal-fired and gas-fired power plants, chemical and petroleum processing facilities, mining sites, fossil fuel transmission lines and facilities, public entities working on local, state, federal and international levels. Clients include General Motors, Pfizer, Conoco Phillips, Xcel Energy, Kiewit, Progress Energy, Entergy, Virginia Department of Transportation, American Electric Power, PPG, CITGO, etc. For a complete overview and history of Inspar visit http://www.planetresource.net/pdf/inspar_abstract.pdf or http://www.inspar.com For animation visit http://www.youtube.com/watch?v=U5q8VkVRPow
About Planet Resource Recovery, Inc.
Houston, Texas-based Planet Resource Recovery, Inc. is the developer, manufacturer, and marketer of unique, environmentally friendly proprietary chemical compounds and processes that will usher in a new paradigm shift in industry. The company is primarily focused on three distinct sectors: 1) Oil & Gas Industry with PetroLuxus™, 2) Remediation of mining toxic byproducts, and 3) mining of base and precious metals. The company has developed multi-dimensional compounds and their related processes, technologies and methodologies to provide these sectors enhanced benefits and revenue opportunities. For more information visit: www.planetresource.com or www.petroluxus.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet.
Contact Information:
Media Contact:
Rod Mitchell
281-350-5506