We got NEWS people!!! Watch for a Jump in PPS today GREEN!!!
News for 'VLNX' - (Vision Plasma Systems, Inc. Engages With Kinectrics Group of Toronto, Canada to Identify Their Key Engineering and Modeling Personnel to Finalize the Design Plans in Preparation for Assembly)
RENO, NV, Sep 20, 2012 (MARKETWIRE via COMTEX) -- Vision Plasma Systems, Inc. (PINKSHEETS: VLNX) today announced that it has completed engineering feasibility reviews with the engineering leads from Kinectrics Group of Toronto, Canada.This is a key business alignment and planning step that assures, when final contract is awarded, that the design team members from both companies can begin without delay. Kinectrics is an ideal technology implementation company to join with the scientists from Vision Plasma Systems' design team to complete this final phase, which will be followed by the production of the Arc Master I.
The Arc Master I mobile unit, the first of its kind, was designed to deploy a clean and green remediation solution to various worldwide corporations, military, government, and municipal customers. The unit is capable of converting up to 5 tons per day of hazardous wastes and other matter into syngas, net electricity, and recyclable metal ingot, without any air emissions or ash from the gasification process. Built inside two (2) ISO 40' metal containers, The Arc Master I can be easily transported by truck, rail, ship, or plane worldwide toprovide a fast and mobile solution to the remediation of all forms of waste. TheArc Master I mobile unit is entirely self-powering, creating its own energy from the waste that it processes, and creating up to 240KW of usable electricity at the site.
About Kinectrics
Kinectrics has over 100 years of engineering excellence in advanced electrical and nuclear power engineering disciplines. This includes expertise in nuclear regulatory and licensing consulting, safety assessment, radiation and environmental protection, and operational safety support. Kinectrics' expertise in this area will play a pivotal role in supporting Vision Plasma Systems' planned multi-year cleanup of the 2011 Tohoku Earthquake and Tsunami area of Japan.
Safe Harbor
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could,""potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
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