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Magnum/SRI Update: Reveals Breakthrough Technology and Plans to Make History With Revolutionary Custom Compounds & Reactivated Recycled Rubber Magnum
Thu Aug 6, 6:30 AM
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FORT LAUDERDALE, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR.OB), a next generation rubber recycling solutions company releases new information on breakthrough technology.
CEO of SRI, Gopi Sekhar, commented, "Magnum/SRI development work has covered a relatively wide area of activity which we have endeavored to narrow down to address short and mid-term operational priorities with specific reference to the Magnum Magog facility output. Assuming a starting point ranging from 40 mesh crumb through to cryogenic rubber powder (up to 200 mesh) our work has covered custom compounds in value added applications through to introduction into TPE's."
In terms of custom compounds, the ultimate goal is to have it successfully introduced into OEM tires of every kind. This would ensure substantial and wide ranging value added consumption; thus, guaranteeing viability and success of the project. However, it should be noted that in technically challenging compound applications, such as OEM tires, the proportion of recycled content has historically been limited to a very small proportion. Usually the amount of surface treated tire crumb utilized in these applications is limited to the 2% to 3% range. Any lager amount tends to lead to very serious and unacceptable consequences in terms of performance parameters and even catastrophic failure. Since people's lives are dependent upon performance parameters in this category they are not taken lightly.
CEO of Magnum, Joseph Glusic stated, "Even in the case of Retread compounds the level of recycled content and usage of processing aids is limited. This translates directly to the quality and performance of the retread. In developing markets the reclaim rubber content can be excessive with the tire dust diluting the performance threshold to the wire. In developed markets; however, performance parameters make manufacturers limit such activity. Various alternative materials ranging from new high performance compounded reclaim rubbers, cryogenic and other devulcanized material continue to be developed and tested with varying degrees of success. Problems and challenges ranging from depressed and inconsistent properties to storage hardening generally occur. Also, throughput limitations and processing problems of one form or another have made increasing the addition of substitute virgin material quite a challenge."
CEO of SRI, Gopi Sekhar, also commented, "Our challenge was to come up with a composite compound that could be produced cost effectively at the highest level of throughput of a large capacity 40 mesh crumb plant or full range cryogenic crumb plant at maximum production. The compound or range of compounds needed to be targeted at specific market segments with attractive levels of value addition and mid to high end performance parameters. Our material needed to be robust enough to handle the vagaries of production plant process conditions, have the ability to manifest consistent properties in each compound category and maintain these properties within reasonable shipping, storage and process durations. A tall order and one that becomes even more challenging once you look beyond general rubber goods and mid-range retread compounds to OEM tires. If we succeed in incorporating the Magnum SRI compound in such substantial proportions this would be the first time that this has ever been done effectively making history in terms of what is technologically possible."
CEO of Magnum, Joseph Glusic, further stated, "It should be noted that regardless of whatever claims that are made, tire manufacturers will generally evaluate materials confidentially and test it over a period of time and under all manner of conditions to ensure that manufacturer's liability issues are adequately addressed before making tangible decisions. To date we are not aware of any material, process, or technology that has been able to successfully break into this category which covers automotive to heavy truck tires. Any successful inroad would be of enormous commercial significance (once the due diligence evaluation of the manufacturers has been completed) due to the sheer volume of potential application which would become realistically available. Today the only area that allows any kind of volume would be low end fillers for low specification products such as mats, flooring material, etc. These markets are saturated with manufacturers which are highly competitive and generate very low margins."
CEO of SRI, Gopi Sekhar, finished by saying, "For our purposes we have targeted light truck tires as an entry point that will afford us the best opportunity to be accepted both technically and commercially. For quite some time now we have been working on several versions of customizable compound produced from Magnum's Magog crumb and surface treated cryogenic powder. We have made process durability and final performance parameters as our main priority without losing sight of other specifications that will need to be addressed eventually. Our expectation is that success in producing a light truck tire with a substantial Magnum SRI custom compound component (ranging from 5% to 20%) with no change in essential parameters, including abrasion and other similar parameters, will serve to propel our efforts in moving compounds in the retread sector and will get the process of validation end evaluation by OEM tire manufacturers started. This would be an instant breakthrough in the Global Rubber Industry making history. The effect on the Magnum/SRI bottom line will of course be in the most favorable terms while substantially boosting industry credibility."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties
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