RENO, NV--(Marketwire - Nov 5, 2012) - Vision Plasma Systems, Inc. (
The donation of land is one of the many key business incentives outlined in a Memorandum of Understanding presented to the company by Londrina's Mayor, and is recognized as the first major milestone achieved by Vision Plasma Systems to effectively accelerate the manufacturing schedule planning for the Arc Master I series systems in Brazil. The land will be held by Vision Plasma Systems do Brasil and the manufacturing and assembly schedule is anticipated to achieve full rate production of 15 units per month by the first quarter of 2017.
Timothy P. Volk, CEO of Vision Plasma Systems, Inc., stated that "The donation of such a valuable piece of land, combined with the tax incentives from the city, state, and country, as well as the financing incentives already in place, speak volumes to how aggressively growth conscious the business climate in Brazil really is."
The Arc Master I mobile unit, the first of its kind, was designed to deploy a clean and green remediation solution to various worldwide corporations, military, government, and municipal customers. The unit is capable of converting up to 5 tons per day of hazardous wastes and other matter into syngas, net electricity, and recyclable metal ingot, without any air emissions or ash from the gasification process. Built inside two (2) ISO 40' metal containers, the Arc Master I can be easily transported by truck, rail, ship, or plane worldwide to provide a fast and mobile solution to the remediation of all forms of waste. The Arc Master I mobile unit is entirely self-powering, creating its own energy from the waste that it processes, and creating up to 240KW of usable electricity at the site.
About Vision Plasma Systems, Inc.
Vision Plasma Systems, Inc. is a designer, developer, and marketer of its proprietary mobile plasma arc gasification unit called the Arc Master I. The company is committed to providing affordable energy resource management for federal and commercial clients through sustainable and renewable energy technologies, land reclamation, products and services.
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.