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GBMR = GMTH ? Related with NNRI / NNRF ?
News Update:
RIDGEFIELD, Conn., May 09, 2006 (BUSINESS WIRE) -- Today Global Matrechs, Inc.
(OTCBB: GMTH) http://www.globalmatrechs.com announced an update on NuCap(TM),
its highly radiation- and corrosion-resistant technology, following the recent
20th anniversary of the accident at Chernobyl. NuCap(TM), formerly known as
EKOR(TM), was originally applied at the Chernobyl reactor in 2000, at the site
of the worst nuclear accident to date. The radiation-resistant material was
successfully applied on a fuel-containing mass located at the bubble pool under
the reactor and is still stable and on-site.
The original formula for EKOR was created specifically for the purpose of
addressing the Chernobyl Shelter. The technology has been advanced and improved
upon since its introduction to the U.S. under Global Matrechs, Inc.'s direction,
to meet U.S. standards and testing.
The company had announced previously that it was in negotiations with an
American company with offices in Berlin and Moscow for exclusive marketing and
distribution rights for NuCap(TM) to Eastern European governments, with a
particular focus on the Ukraine and, in particular, the Chernobyl site.
According to the company, these negotiations are continuing.
Michael Sheppard, C.E.O. of Global Matrechs, reported that "We are moving
forward with our plan and expect to complete our Master Manufacturing Agreement
with Dow Corning and a Sales Agreement with a company that will represent us in
Eastern Europe. Once completed, we believe we will be in a position to service
the needs of this sector in the area of nuclear waste encapsulation. The advent
of this is very exciting to the company, and we believe it will mark the
achievement of a significant milestone for NuCap(TM) on its road to becoming a
commercially successful product offering."
With quality assurance programs for U.S. nuclear storage, including the program
at the Yucca Mountain facility, currently under review, Global Matrechs, Inc. is
increasing its efforts to obtain approval for the use of NuCap(TM) in the U.S.
The Company had previously announced its receipt of a commercial order for
NuCap(TM) for the Hanford Nuclear Site located in Richland, WA. The Company
believes NuCap(TM) would be used to cover the walls of a "pit" in which there
has been a radiation spill.
NuCap(TM) has been engineered for use in a wide variety of applications in
settings presenting low- to high-level radiation and other environmental
challenges. NuCap(TM)'s applications range from in-situ, stabilization, D & D,
containment and encapsulation to transportation and final storage and disposal.
The company believes NuCap(TM) may also have applications that could assist in
resolving the special challenges faced by operating reactors in nuclear power
plants and research facilities, uranium/thorium and other mining venues, nuclear
medicine and the chemical industry.
UPDATE FOR ONGOING BUSINESS AND SPECIAL SHAREHOLDERS MEETING
Many of you have been asking how the Company is doing. We have made every attempt to release
information that is material to the Company on a timely basis. We know to some of you this may not
seem enough, but we can not release information on business the Company is doing until we receive
conformation of same.
The following bulleted items are still pending and may be material to the Company if and when they
close:
· Last month we received commercial orders for the following two products: HNIPU and
NuCap™. We at Global Matrechs, Inc. have been working hard to change the image of these
products, and we are finally seeing the interest in these products turn into orders. We hope to
announce orders going forward.
· We have renewed our Equity Line for $15,000.000 in January 2006 and it is now effective.
This Equity Line gives the Company the opportunity to build and expand upon current business
models and pursue complimentary acquisitions. The company's portfolio includes nextgeneration
technologies that provide advanced safety and storage solutions for the nuclear,
environmental and chemical industries. The majority of Global Matrechs’ products portfolio is
directed to serve the growing Homeland Security sector. The availability of this Equity Line
allows us to aggressively look for more technology and acquisitions, with the company’s goal
being the acquisition of other companies and/or products currently generating revenues that
would compliment NuCap™ (nuclear storage and containment) and HNIPU (non -toxic
polyurethane) technologies. Additionally, the Company will explore all possibilities in the
Non-Lethal Weapons Sector.
· We have received a sample order from another nuclear facility in the United States. This
project would involve the encapsulation of low grade nuclear waste that may pose a fire threat
where stored. We hope to announce the results of this testing by June 2006
· The Pilot order of HNIPU (http://www.globalmatrechs.com/PHNIPU.htmlhat) that was sent to
a Belgium company is still in the process of being turned into a purchase orders to our sales
partner EFM. We had hoped to receive a response by year end, but have recently received an
strong indication on what they will use over the next three to four years and it will run into the
thousands of tons when it starts. We hope to receive some small orders this year and then
follow with a strong sales program starting in 2007.
· The pilot order for NuCap™ (http://www.globalmatrechs.com/PNCAP.html) received from
Siemens and shipped in the last quarter of 2005 is still in the process of being reviewed before
application. We hope this will completed by the end of second quarter of 2006. A test of this
product will take place in one of Siemens’ nuclear power plants located in Germany, and we
expect to be present. Siemens manages all the nuclear power plants in Germany and France.
· In May 2006, the Company will complete its master manufacturing agreement with Dow
Corning for the commercial manufacturing of NuCap™.
· The Company ended negotiations with Global Demolition & Recycling for representation of
NuCap™ with a non-exclusive agreement for the eastern part of the United States. We are
continuing to look at the non-nuclear use of NuCap™ with other possible partners.
· The Company is in negotiations with another company for the encapsulation of over 2000
drums of arsenic that are leaking into the ground. We hope to do a demonstration for
representative of this project in May 2006.
· We have completed negotiations with a company that resides in Russia and will represent
NuCap™ with all Eastern European Governments. They will be working very closely with the
Chernobyl project. We hope to sign and announce this Agreement in May 2006.
· Finally and equally as important, our Special Shareholders meeting will be held next week in
Boston. The Company is putting forth to the shareholders an amendment to increase our
number of authorized shares and give the Board of Directors the ability to reverse the issued
and outstanding shares of the company, provided the Board of Directors determines such a
reversal would be in the best interest of the Company. We feel that both of these amendments
will insure our future and give us the currency to actively pursue activities that will enhance the
value of the Company.
We look forward to meeting you April 25, 2006!
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document, as well as other statements in periodic press
releases and some oral statements of Global Matrechs, Inc. officials during presentations, are "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events
or conditions, or which include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", “hopes,”
“seeks,” or similar expressions. In addition, any statements concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be
provided by management, are also forward-looking statements as defined by the Act.
Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not
limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and
technologies; the failure of the Company's products and technologies to become commercially marketable; the loss of key
personnel; changes in financial markets and general economic conditions; and, disputes as to the Company's intellectual
property rights, including the Company’s rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking
statements are based upon current expectations and projections about future events and are subject to risks, uncertainties,
and assumptions about Global Matrechs, its licenses, products, economic and market factors and the sectors in which Global
Matrechs does business, among other things. These statements are not guarantees of future performance and Global
Matrechs has no specific intention to update these statements. More detailed information about those factors is contained in
Global Matrechs’s filings with the Securities and Exchange Commission.
my bigest concerned is the company use equity for networking capital eom
get the first new order is the hardest, hopefully more business will follow. This one is will be on my closer watches lists eom
News:
RIDGEFIELD, Conn., Mar 28, 2006 (BUSINESS WIRE) -- Global Matrechs, Inc.
http://www.globalmatrechs.com (OTCBB: GMTH) reports that it has received the
first commercial order for NuCap(TM). The order was placed by Battelle-Pacific
Northwest Laboratory in Richland, WA located at the Hanford Nuclear Waste Site.
NuCap(TM) will be used to cover the walls of a "pit" in which there has been a
radiation spill. Battelle was looking for a product that could adhere to
concrete and to coat a radioactive residue spill along with providing life time
isolation. This means Battelle wants to encapsulate this spill only one time.
Michael Sheppard, President of Global Matrechs, Inc. said, "Even though we have
shipped NuCap(TM) to Hanford in the past, this is an order for a specific
purpose and it is very satisfying to see the product starting to get the type of
interest we expected in the past." Sheppard also stated "We are extremely
pleased to have received our first commercial order from product that has been
manufactured by Dow Corning, which demonstrates NuCap's applicability to cover
radiation spills. This order generates the first revenue from NuCap(TM). We hope
this will serve as a starting point and lead to additional orders for such
purposes in this market."
Battelle was looking for a sure one-time encapsulation material and having known
about NuCap(TM) wanted to use it. We shipped this order in March.
MORE ABOUT NuCap(TM)
NuCap(TM) is a silicon-based geocomposite which is highly radiation-resistant
(unaffected by Alpha-radiation; gamma- and beta-radiation up to an absorbed dose
of up to 10 gigarads), and can be provided in a variety of forms (fixative,
foam, sealer or grout) to encapsulate and contain radioactive contamination.
Additional NuCap(TM) characteristics include fire resistance (can withstand
mechanical and Hot-cut transient temperature spikes up to 1,100 degrees F);
corrosion resistant (to strong Alkali and acid solutions); easily applied to
horizontal, vertical, or overhead surfaces, and can polymerize underwater; can
form a smooth and wear-resistant surface for ease of decontamination; mixes with
waste, which has up to 50% water by weight; adheres to unclean, wet or corroded
surfaces and hot metal surfaces up to 120 degrees F) effective up to a 1:6
NuCap(TM)-to-radioactive-waste matrix; penetrates openings as small as 1.0 mm;
uses conventional equipment in an easy application; is non-toxic and inert
environmentally; and does not generate hazardous waste by itself.
ABOUT GLOBAL MATRECHS: www.globalmatrechs.com
Through its licensed technologies business, Global Matrechs seeks to convert the
licenses it has acquired in emerging technologies in the nuclear energy,
environmental and chemical industries into manufactured products primarily
through sub-licenses of those technologies to manufacturers.
IMO you are, but that is my opinion...I have held things to long myself...R/S and increase in A/S all coming its like being shot with both barrels loaded...JMHO and GLTY
Thanks for the post. Do you think GMTH has a future? I mainly give them credit for hanging on this long.
GMTH Pre 14a proposed R/S and A/S to 900 mil
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001072613%252D06....
Diving on this news...
GMTH Pre-14a proposed R/S and A/S to 900 mil.......
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001072613%252D06....
Hello out there. I have owned this stock for several years. Still hoping that something good will happen. This is my first post just to let anyone out there know that I am watching and interested in any good information about GMTH that you might have. Today seem to be interesting near the end. Quite a bit of action. A long way to go still.
volume is good. may reach .02 again eom
second day gainer, chart looking very good eom
It looks like RB may be down for good. I hope posters there come here to discuss prospects, deals, etc.
Anyone watching this. I'm not in but I would think that someone might be excited to see it going up.
GMTH is being held down people. Could be something to do with EUOT or lenders. I think it's acting just like SHRN did just before the run from .01's to the .0178's.
I'm holding long and strong.
I guess it's possible to reach .02 .
But then again , We might not be done dropping .
I probly would buy a little around . 01 , and buy again around . 005 , and then if it gets to . 001 , Then buy a large block of Shares ...
Until the price slows down , or stops slideing downwards , and levels out for a while, Then I won't trust that it had reached it's lows ...
could we see .02 by the end of this week?....
What a wicked chart here ...
This should be intersting ...
Just wait for the entry point ...
. 005 TOPS ( I COULD BE WRONG , BUT IT'S MY PERSONAL OPINION ) ... , . 001 is reasonable ...
When it gets there ...
just for the sake of it playing it much lower ...
--- PLAY IT ON YOUR OWN TERMS ...
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