HOW about this? Global Matrechs Announces Sales Partner Nucon-RF Receives Certification Approval for Sales of NuCap(TM) in the Russian Federation
Global Matrechs, Inc. (OTCBB: GBMR) today announce that its sales Partner NUCON-RF has received certification from the Russian Federation to sell NuCap(TM). This authorization includes approval from the Laboratory of the State Scientific Center of the Russian Federation-Institute of Physics and Power Engineering and the research laboratory VNNINM.
Our product NuCap(TM) had previously received customs clearance for the importation into the Russian Federation under the Foreign Economic Activity Commodity Nomenclature (FEACN) No. 3214101000 for the purpose of providing nuclear radiation shielding material.
NUCON-RF has indicated to Global Matrechs, Inc. that it anticipates that it will place an initial order with Global Matrechs for a sufficient amount of base materials to proceed with further engineering and testing of various types and forms of applications.
We expect that NuCap™ applications will be engineered and evaluated by the Federal State Unitary Enterprise "SevRAO" (Northern Spent Fuel Company) and "DalRAO." Each of these entities intends to focus on the encapsulation and protection of corroding iron drums containing radioactive wastes and the stabilization and encapsulation of reservoirs with toxic wastes. These wastes can be put into the NuCap™ matrix for long term storage.
NUCON-RF has also indicated that it has an internal working group assigned to the marketing of NuCap™. This group has identified multiple uses and applications for NuCap™ in conjunction with decommissioning, shielding and disposal issues. During this process this group has been conducting meetings with various Russian government engineering and design enterprises and government agencies. Also, new applications have been developed which include next generation toxic and LLW/ILW containers utilizing NuCap™ as a damping agent.
About Global Matrechs
Global Matrechs (OTCBB: GBMR) (www.globalmatrechs.com) operates a license technologies business. Through its licensed technologies, 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 the sub-licenses of those technologies to manufacturers.
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