ACT Clean Technologies, Inc. Acquires Environmental Remediation Company
With Patented Technology That Could Be Used For Cleantech Oil Production
October 5, 2009 -- Huntington Beach, California -- Business Wire
ACT Clean Technologies, Inc.
(Stock Symbol:
ACLH) announced today that
it has acquired American Petroleum Solutions, which for more than 15 years has provided a wide range of environmental remediation services ranging from soil remediation projects to complex, petroleum services related solutions for some of the country’s largest petroleum companies.
American Petroleum Solutions utilizes its proprietary fluidizer which is a patented, water-based technology that provides for separation of oil from any solid surface such as soil, sand, tank interiors, and equipment. Unlike soap and surfactants, which form tight emulsion between oil and water, the fluidizer allows oil to be rejected by the solid surface, rendering a clean surface and recoverable oil. In the case of contaminated soils or tank bottom sludge, the fluidizer is applied under high shear conditions to form slurry. This slurry is then pumped to a settling vessel where the solids are separated, dropped by gravity to the bottom of the settling vessel, and the oil floats to the top of the water-based fluidizer layer, for recovery. The fluidizer is then recycled for later use.
About ACT Clean Technologies, Inc.
ACT Clean Technologies, Inc. is committed to a safer environment. We provide cost-effective, environmentally-safe, remediation solutions to today’s hazardous waste problems. Our wholly owned subsidiary, American Petroleum Solutions, provides remediation services for projects complicated by environmental, regulatory, and other related issues. Our experience ranges from soil remediation to complex petroleum services related projects. Founded by professionals with environmental construction and remediation engineering backgrounds, we provide our clients the benefit of a marriage of practical and technical experience unique to a remedial construction company.
For more information
Click Here to visit the American Petroleum Solutions web site.
A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this actions may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might,” occur. Such statements reflect the current views of the company’s management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful closing of acquisition transactions and their subsequent integration, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Pink Sheets. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the “forward-looking” statements contained in this news release.
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