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Source: NNRF, Inc.
NNRF, Inc. Announces Completion of Strategic Plan for the Containment and Disposal of Hazardous Waste in the Arab Republic of Egypt
Tuesday October 2, 1:04 pm ET
BERLIN, Oct. 2, 2007 (PRIME NEWSWIRE) -- NNRF, Inc. (Pink Sheets:NNRI) today announced the completion of a strategic plan developed for the Cabinet of Ministers, Ministry of State for Environmental Affairs, Egyptian Environmental Affairs Agency. NNRF will present the plan to the Ministry following the end of Ramadan in October, 2007. NNRF intends to sign a global agreement thereafter regarding the handling, containment and the disposal of high level hazardous wastes in Egypt. This global agreement will identify the priorities, amounts and terms of the engagement of NNRF by the Arab Republic of Egypt.
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The joint undertaking will include a ten year plan for the replacement of toxic lead with NNRF's proprietary materials, FEECOM and BIECOM.
The plan also includes and identifies the involvement of current strategic partners of NNRF for the manufacture of the materials required, the appropriate engineering services and identification of suitable repositories for final disposal of the hazardous wastes.
NNRF also announced that similar initiatives are currently under review in the Far East and Latin America. NNRF anticipates that these initiatives will be successfully concluded in the next two quarters.
Dr. Hans Engelmann, the head of shielding and disposal technologies for NNRF stated, ``We are gratified that the building process of this last year has resulted in the recognition of the integrated capabilities of NNRF, together with its' strategic partners, in decontamination, containment, decommissioning and final disposal services to address critical global environmental issues. The initiatives currently underway in the Russian, European, Middle Eastern, Latin American and Far Eastern markets are indications of this recognition and the initial acceptance of the Company's core capabilities in these environmental service sectors.'' Dr. Engelmann concluded, ``We are now positioned to commence the provision of these environmental services in global markets and will continue to grow this business model according to the Company's strategic ten year plan.''
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