Environmental Waste International Carbon Black Evaluated by Global Automotive Industry Leader
December 16, 2013 (Source: Marketwired) — Environmental Waste International Inc. (“EWS”) (TSX VENTURE:EWS) (the “Company”), a company specializing in eco-friendly systems with proven patented technology for the breakdown of organic materials, reported the evaluation of its carbon black by a global automotive industry leader at the 2013 International Elastomer Conference.
At the conference, an industry leader’s Research Division reported the results of its internal tests, some of which utilized EWS’s carbon black. One test partially replaced virgin carbon black, while the other added recycled carbon black to an existing mixture. In both cases the properties of the resulting product changed only minimally, opening the door for the use of recycled carbon black at the same time creating the potential for reduced costs. This indicates that there could be a very substantial market for applications in tier 1 and tier 2 automotive suppliers, among others.
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Daniel Kaute, CEO of EWS, stated, “This is a major step forward. This groundbreaking research indicates that the use of our recycled carbon black is feasible on a large scale. Our technology is easily scalable and we believe it will produce quality, consistent, reliable carbon black. With the global market for carbon black estimated at about 10 million tons a year, the opportunity for Environmental Waste is quite substantial.”
About Environmental Waste International Inc.
Environmental Waste International, Inc. specializes in eco-friendly systems for the breakdown of organic materials, including tires. EWS has spent over 15 years engineering systems that integrate the EWS patented Reverse Polymerization™ process and proprietary microwave delivery system. EWS’s unique microwave technology safely processes and recycles waste tires, while creating a highly valuable commodity output for industry, including carbon black, oil and steel. Each unit is designed to be energy efficient and where possible, create an economically positive model for the recovery of various hydrocarbon oil and gases. For more information, please visit www.ewi.ca.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under “Risks and Uncertainties” in the Company’s most recent Management Discussion & Analysis, which can be found on the Company’s profile at www.sedar.com. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>