SANTA ANA, Calif., April 30, 2013 /PRNewswire/ -- SUTIMCo International, Inc. (OTC Pink: SUTI), a multi-project business accelerator Company, is pleased to announce the company's outlook and technology focus for 2013. Last year proved out to be very challenging, however, very informative. After reviewing over 2,000 major university technologies, management decided to center its attention around 4 very promising technology sectors based on Quality of Life, Long Haul Trucking, Water and Oil & Gas.
SUTIMCo's financing group lead by Jeff Vivian has spent the past year seeking investors interested in early stage university technologies. Based upon their input and specific areas of interest, management has decided to focus on the environmental, health and quality of life industries. The Company feels that the key element of success in our business is to "make the cloth fit" and that is what we have done at SUTIMCO during the past six months.
The 4 technology sectors that have been organized into business units are: (1) Water, (2) Oil and gas remediation and extraction, (3) Trucking equipment & Bio-Lubricants and (4) Quality of life.
Water Technologies – Water stress is a World problem. This business unit is currently lead by the "Acid Rock Drainage" technology that the Company previously announced on November 8th, 2012. This patented solution will allow mines to apply a coating prior to the extraction which will prevent Acid Mine Drainage (AMD) and ultimately the negative impact to our lakes, rivers and streams. The Water Technologies Unit will also include proprietary technologies for the filtration and purification of water, the treatment of sludge and desalinization of sea water. A pilot project is being considered for the sludge technology. Discussions are currently under way with investors and strategic partners.
Oil and Gas Remediation – Currently this business unit consists of two very promising and proven technologies. The first technology, "Fracasound" provides real time accurate acoustic geographical mapping for monitoring hydraulic fracture treatments. This proprietary technology applies a novel signal process using input from conventional geophone arrays which allows the operator to identify and pinpoint events of interest such as rock fractures and well stimulation pumps. The second technology, "Thru-Flow Wax Control" applies a proprietary and effective treatment of wax buildup in pipelines and oil wells which is an enormously expensive problem for oil producers around the world. According to the US Department of Energy, "thousands of wells have been abandoned prematurely leaving in some instances up to 90% of the oil" in the formation because of paraffin blockage. Currently SUTIMCO is examining approximately 6 additional technologies from which it will chose an additional two for the business unit.
Trucking Equipment & Biodegradable Lubricants – This business unit consists of 4 proprietary technologies all centered around environmental safety and the reduction of fuel costs for the trucking industry. The first technology "Liberty Lube" will produce a 100% non-toxic and biodegradable cost effective line of lubricants, engine oils, greases and transmission fluids. It is estimated that the size of the bio-based lubricant market will reach $2.3 billion in 2017, from $1.7 billion in 2007. The second technology, "Spray Rite" is a new fuel injection device that accurately controls the air-fuel mixing process for SI, CI and HCCI engines resulting in higher fuel efficiency and low hydrocarbon and carbon monoxide emissions. The market for energy efficient internal combustion engines (ICEs) reached and astounding $121 billion in 2011 and expected to continue a 19% growth rate through 2021. The third technology "Dragon Fire" significantly reduces aerodynamic drag improving fuel efficiency of tractor trailers and the fourth technology "MoniTire" brings smart tire technology to the market place and will allow trucks to reduce rotational drag. Currently an advisory council is being created and we have an investor we will be presenting the unit to within the next 90 days.
The "Quality of Life" business Unit anchored by the Salad Box and "Chairs by Julio" is being presented to investors over the next few weeks and will announce an update on the results within the next 30 days.
We have had very preliminary interest from investors in our Health Care Unit and our Food and Food Safety units – and as resources allow and the investor interest increases we will be following up with these units as well.
"2012 allowed us to lay the foundation necessary to have the technical base to interest serious investors, 2013 will be about closing the sale" said SUTIMCO CEO Fred Rogers. "We want to thank our investors for their support and patience during this year while we positioned ourselves to monetize the technology world we are a key player in"
About SUTIMCo International, Inc.:
SUTIMCo International, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. SUTIMCo International through its wholly owned subsidiary SUTIMCo, Inc. provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, SUTIMCo can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.
SUTIMCo's robust portfolio of relationships with prestigious American universities is unique and strategic. North American universities invest over $42 billion in science and technology research, with about 15,000 new technologies disclosed annually. SUTIMCo's portfolio of technology and innovation start-ups, in partnership with more than two-dozen of the nation's premier research universities, includes technologies and products in the pre-funding stage and projects in the development process. Each of these business entities is being advanced by the SUTIMCo management team and methodology.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
SOURCE SUTIMCo International, Inc.
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