InvestorsHub Logo

AMA

Followers 739
Posts 62865
Boards Moderated 1
Alias Born 12/05/2006

AMA

Re: None

Tuesday, 11/13/2007 10:33:16 AM

Tuesday, November 13, 2007 10:33:16 AM

Post# of 3330
GORDON, Global Matrechs, Inc. Receives First European NuCapTM Order From Sales Partner NNRI
RIDGEFIELD, CT--(Marketwire - November 13, 2007) - Global Matrechs, Inc. (PINKSHEETS: GBMR) is pleased to announce that the Company has received an order for more than one metric ton of its NuCap™ product from NNRI (formerly Nucon-RF, Inc.). This order for NuCap™, a radiation and corrosion-resistant technology, represents the first of many orders planned over the next 12 months. The Company anticipates delivery of this order before the year's end.

NNRI has the sub-license rights to market, sell and distribute NuCap™ into the following territories: Russian Federation on an exclusive basis, as well as the European Union, China, South Korea and India on a non-exclusive basis. NNRI is a U.S. Corporation with executive and operations offices in Berlin and Moscow. They have currently identified demand in the following markets; Germany, Russia and South Korea for the cleanup of nuclear waste for NuCap™, including the Chernobyl Shelter.

According to CEO Michael Sheppard, "We have been working toward the completion and commitment of this order since we originally signed our original Agreement and I could not be happier to begin this process with NNRI. I am very pleased to be associated with NNRI and to foresee the market penetration, which was forecast for NuCap™ by NNRI in the Eastern European markets, finally come to fruition."

NuCap™, which is manufactured by Dow Corning through a strategic partnership with Global Matrechs, will be used to encapsulate highly radioactive material in all settings. NuCap™, a family of advanced materials for nuclear and hazardous waste containment, has been engineered for a wide variety of applications to surround and immobilize radioactive or hazardous materials and debris, ranging from fine dust to large pieces of equipment. Fire-resistant and waterproof properties prevent migration by water or air, and encapsulation capabilities ensure safe transportation and secure permanent disposal.

About Global Matrechs, Inc.: Global Matrechs has operated its licensed technologies business since 2004. 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 and sales companies. (www.globalmatrechs.com)


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.