ACT Clean Technologies Reports Coast Guard May Require Cargo Ship Hulls Cleaned from BP Gulf Oil Spill
May 6, 2010 -- New Orleans, Louisiana -- PRNewswire-FirstCall --
ACT Clean Technologies, Inc.
(Stock Symbol:
ACLH), reported today that the US Coast Guard
may require cargo ship hulls cleaned of residue of the BP Gulf oil spill to prevent polluting the Mississippi River shipping lanes.
An article published by
Terra Daily quoted Chris Bonura,
a spokesman for the Port of New Orleans, as saying,
"The crucial question is whether the ship is transporting oil into clean water. The way this should work is there would be a boom around the moving ship, and the ship would be pressure washed as it traveled through the boom."
ACT Clean Technologies CEO Russell Kidder commented about the Company's technology and its prior service
relationship with BP,
"Our American Petroleum Solutions, Inc.(APS) subsidiary holds the exclusive license to the patented technology that will clear the hulls of oil exactly as required by the Port of New Orleans and the Coast Guard.
We are in active conversations concerning the scope of this work and, inasmuch as BP is a past client of APS, we believe we have the relationship and history that gives us a unique edge to successfully complete this critical job if awarded to ACT."
About ACT Clean Technologies, Inc.
ACT Clean Technologies, Inc. is committed to both a safer environment through cleaner technologies as well as more profitable methods of oil recovery and production from oil sands and other petroleum reserves. Current APS clients using its technologies have already included some of the largest oil and gas companies in the US, including:
Conoco Phillips, Exxon Mobil, Avon Petroleum, Valero Petroleum, BP (British Petroleum) as well as
the US Navy Petroleum Reserve.
Our wholly owned subsidiary, American Petroleum Solutions, Inc. provides oil field and heavy construction remediation services for projects complicated by environmental, regulatory, and other issues. Our experience ranges from soil remediation to complex, petroleum services related projects throughout North America.
Founded by engineering professionals with environmental construction and remediation engineering backgrounds, APS provides our clients the benefit of a combination of practical solutions and technical experience in working with hazardous substances that are unique to the construction and remediation industry.
The senior management of the company has past major project experience including the Mobil Oil – Torrance Refinery, Southern California Gas Company, Southern California Edison Company and the Long Beach Unified School District.
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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