RENO, NV--(Marketwire - Nov 27, 2012) - Vision Plasma Systems, Inc. (
In a deal potentially valued at $102M for up to 24 systems between 2014 to 2018, the Arc Master I units would provide full remediation of contaminated sludge discharges and energy rich waste accumulations while providing additional electrical energy on site, and ensuring no impact to the surrounding environment. The combined technologies of WTEC and the Arc Master I would guarantee the supply of clean water and energy to tropical areas on a global scale that are currently lacking in fresh water resources.
"The positive environmental impact of bringing clean water, eliminating hazardous waste, and generating your own electricity all in the same cycle is almost immeasurable," stated Timothy P. Volk, CEO of Vision Plasma Systems, Inc. "Once the first combination of our technology, coupled with the advances already in place by WTEC is recognized by the environmental community, the potential options will be limitless," Mr. Volk went on to say.
For over 18 years, WTEC has provided integrated 'clean & smart' waste management infrastructure to their clients to create sustainable, clean community development around the world. Bringing together the necessary professionals, expertise, and technology, they coordinate project planning and control, procurement and contractors, risk management, operations and maintenance management.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.