Global Technologies Group, Inc. Grants Exclusive Sublicense Valued at $1.525 Million
SARASOTA, Fla., Oct. 8 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., has granted an exclusive sublicense for Brownfields and redevelopment properties which utilize the patented MBS technology valued at one million five hundred twenty five thousand dollars ($1,525,000) The sublicense was executed by Global October 07, 2009. The company intends to file a form 8k on October 09, 2009 disclosing the entire license agreement.
The exclusive sublicense is for the country of Canada. The license enables the use of the MBS technology for Brownfields and redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the traditionally more expensive transportation of contaminated soils to off-site locations. MBS has been applied to major projects both in the U.S. and abroad, including the Ocean State Steel property in East Providence, Rhode Island which received the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England and the Syndial site in Ravenna, Italy.
"As a result of multiple negotiations for exclusive sublicensing rights with several entities for territories and pricing, this agreement continues to meet our business plan of not only acquiring exclusive licenses for Global's use but also the sublicensing of the licenses to other companies in portions of the geographic regions which are covered under our exclusive licenses. To date, the total value of the sub licenses issued is 2,775 million dollars," said James Fallacaro, President.
The MBS technology is a product of U.S patents developed, filed and issued to Solucorp Industries, US Patent numbers 5,898,093 and 5,877,393. Global has an exclusive license from Solucorp for North, Central, South America, Canada and Russia for Brownfield and Redevelopment properties which was purchased by and issued to Global on October 20, 2008.
WWW.GLBTECH.COM
About Global Technologies Group, Inc:
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are they must be proven, in use and have an underlying valid patent. The business plan of Global is to utilize the licenses for its own use and to also sublicense the technologies it acquires to companies in geographic regions covered under the original license grant.
Global Technologies Group, Inc. Completes Final Contract Negotiations for Exclusive Sublicense for MBS Technology
SARASOTA, Fla., Oct. 1 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc. has completed final contract negotiations and anticipates concluding the issuance of an exclusive sub license for Brownfields and redevelopment properties which utilize the patented MBS technology by Wednesday, October 7, 2009.
The exclusive sublicense is for a territory covered by Global's exclusive license. The license enables the licensee the use of the MBS technology for Brownfield and redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the traditionally more expensive transportation of contaminated soils to off-site locations. MBS has been applied to major projects both in the U.S. and abroad, including the Ocean State Steel property in East Providence, Rhode Island which received the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England and the Syndial site in Ravenna, Italy.
"This agreement continues to meet our business plan of not only acquiring exclusive licenses for Global's use but also the sub licensing of the licenses to other companies in portions of the geographic regions which are covered under our exclusive licenses," said James Fallacaro, President.
The MBS technology is a product of U.S. patents developed, filed and issued to Solucorp Industries, US Patent numbers 5,898,093 and 5,877,393. Global has an exclusive license from Solucorp for North, Central, South America, Canada and Russia for Brownfield and Redevelopment properties which was purchased by and issued to Global on October 20, 2008.
Global Technologies Group, Inc. Enters a Strategic Teaming Agreement With Science and Technology Applications, LLC
SARASOTA, Fla., Sept, 17 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., (Global) has executed a strategic teaming agreement with Science and Technologies Applications, LLC. (STA)
"With this agreement, Global significantly enhances its group capabilities, which include not just heavy metals remediation but also other environmental technologies, as well as high level, low-level and transuranic radioactive waste management," stated James Fallacaro, President of Global. "We believe that STA, led by its President and founder Dr. Dash Sayala, has the best technologies and approaches to evaluating, engineering solutions and implementing for the containment of all types of radioactive wastes and for protection of health and environment, giving our group full range of capabilities to handle any project which our group decides to pursue."
"STA provides a variety of services in the areas of health and environmental protection, pollution prevention and waste minimization, radioactive waste management technologies, health physics, drinking water and wastewater treatments, site investigations and remedial investigation and feasibility studies. These engineering services allows Global's team to provide expanded specialized services and mature technologies geared toward environmental cleanup activities, radioactive waste management and pollution prevention and protection of health and environment. Our combined capabilities makes Global a uniquely qualified group to meet various service needs of our valued customers," stated Dr. Sayala.
ABOUT STA:
STA offers state-of-the-art technical, engineering, analytical and management support services. To ensure client satisfaction, we assign highly qualified professionals to develop innovative multidisciplinary approaches to problem solving and to meet the specific needs of our clients. Quality assurance and quality control form an integral part of our support services. STA offers the following professional services:
Health and Environmental Program Support Services
-- Environmental assessments, including environmental impact assessments
-- Hazardous waste site investigations
-- Depleted uranium pollution investigations
-- Environmental program planning, management and guidance
-- Analysis and development of environmental laws, regulations and policies
-- Regulatory compliance support services - The Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA) and Resource
Conservation and Recovery Act (RCRA)
-- ISO 14000 and 9000 based environmental monitoring, auditing and reviews
-- Water and soil pollution investigations, modeling and assessments
-- Health and environmental risk assessments
-- Assessment of environmental liability in industrial privatization and
restructuring
-- Environmental economic analysis
-- Environmental program support related to energy and mining industries
-- Environmental program support related to Base realignment and closure
(BRaC)
-- Agricultural pollution assessments
-- Coastal marine environmental investigations, monitoring and assessments
-- Oil spill pollution assessment and management support
-- Fate and Transport of pollutants (organic, inorganic and radioactive) in
different environmental media
-- High-level, low-level and transuranic radioactive waste management and
disposal programs support
Health Environmental Safety Program Support Capabilities
With ever increasing impacts of radioactive waste and pollution on health and environmental resources, and threats of nuclear terrorism, it is imperative to take timely and appropriate measures to minimize the impacts of radioactive materials on human health and environmental resources. STA professionals offer the following services:
Environmental radiation management and advisory services:
-- Environmental radiation monitoring, Radiation impact assessments,
Regulatory compliance support, Environmental radiation incident
investigation, and Environmental radiation-dosimetry.
-- Environmental Health and Occupational Safety - EHOS
-- Radiation protection program development, guidance and monitoring
-- Assessment of radiation health risks and contingency planning
-- Regulatory compliance support with:
-- National Regulatory Commission - NRC
-- International Commission on Radiological Protection - ICRP
-- Food and Drug Administration - FDA
-- Occupational Safety and Health Administration - OSHA
-- States' regulations and other governing regulations and
standards
-- Design radiation shielding for radioactive waste storage, D&D and
medical applications, as well as for protection against radiation due to
IED explosions
-- Dose Calculations
Environmental Technology Support Capabilities
STA offers the following technologies and services in support of specific needs of different industry clients:
-- Concrete and polymer based Gamma, neutron, beta and alpha radiation
shielding technologies
-- Liquid/sludge radioactive waste solidification technology
-- Drinking water and Industrial/municipal wastewater treatment
-- Pollution Prevention and waste minimization techniques
-- Pollution remediation technologies
-- Assessment of polymer chemical (ionic and anionic) technology for
specific
-- applications
-- Clean technology and guidance
Current and Former Clients Served by Our Professionals
United States Environmental Protection Agency - EPA
National Institutes of Health - NIH
White House Conference on Environmental Technology
Department of Energy - DOE
Department of Defense - DOD
National Science Foundation - NSF
World Bank - The Republic of Kazakhstan Project
United States Mining Companies
Asian Development Bank - Republic of Malaysia Project
Dupont
Brookhaven National Labs
Oak Ridge National Labs
National Oceanic and Atmospheric Administration - NOAA
Army Corps of Engineers
National Academy of Science (National Research Council Panels)
United Nations Educational, Scientific and Cultural Organization
Naval Research Labs
Ocean Science and Technology Labs
United States Geological Survey
American Board of Toxicology
Dr. Dash Sayala President
Field of expertise:
-- Program/project Management
-- Geochemistry/hydrochemistry and modeling
-- Hydrologic Investigations
-- Environmental technologies
-- Water and waste water treatment technologies
-- Hazardous and Radioactive Waste Management
-- Radioactive Waste Management, and Radiation shielding and liquid waste
solidification technologies
-- EA and EIS (NEPA)
-- Environmental Regulations/Policies Analysis and Development
-- Health & Ecological Risk Assessments
-- Radiation dosimetry and Surveys
-- Air Quality Assessments
-- Fate & Transport of pollutants
-- Pollution Prevention and Waste Minimization - Clean Technologies and
Market based Economic Instruments
-- Waste water and drinking water treatment technologies
-- GIS and Statistical Applications
-- Institutional Strengthening & training
-- ISO 9000 & 14001 EMS auditing, review and monitoring
-- Knowledge Management
About Global Technologies Group, Inc.:
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are: they must be proven, in use and have an underlying valid patent. The business plan of Global is to utilize the licenses for its own use and to also sublicense the technologies it acquires to companies in geographic regions covered under the original license grant.
Under exclusive license, Global utilizes the Molecular Bonding System (MBS) technology for Brownfield and Redevelopment sites. MBS renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the transportation of contaminated soils to off-site locations. The MBS technology is a product of U.S. patents. US Patent numbers 5,898,093 and 5,877,393.
Global Technologies Group, Inc. Grants Exclusive Sublicense to ANASAZI CAPITAL CORP.
THURSDAY , SEPTEMBER 17, 2009 12:00 PM
Sep. 14, 2009
SARASOTA, Fla., Sept. 14 Global Technologies Group, Inc.has granted an exclusive sublicense for Brownfields and redevelopment properties which utilize the patented MBS technology to ANASAZI CAPITAL CORP. (ACP), for one million two hundred fifty thousand dollars ($1,250,000). The sublicense was executed by Global and ACP September 12, 2009. The full terms of the sublicense granted have not been disclosed.
The exclusive sublicense is for the country of Mexico. The license enables ACP the use of the MBS technology for Brownfield and redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the traditionally more expensive transportation of contaminated soils to off-site locations. MBS has been applied to major projects both in the U.S. and abroad, including the Ocean State Steel property in East Providence, Rhode Island which received the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England and the Syndial site in Ravenna, Italy.
According to Joel Edelson, President of ACP, "We are genuinely excited about the licensing transaction with Global and their exceptional group of professionals and support team provided by them. This acquisition will enable our professionals to market exclusively to third parties, including cities, towns, states and the federal government of Mexico. We hope to assist in the redevelopment of properties under their jurisdiction with the proven MBS technology for heavy metal remediation.
"We believe that the background and credentials of ACP president Joel Edelson is a prime factor for this license agreement. He has completed many licensing transactions both as licensor and licensee as Vice President Technology Licensing for UTEK Corporation, an international technology transfer and intellectual property licensing firm" said James Fallacaro, President of Global. "The agreement also meets our business plan of not only acquiring exclusive licenses for Globals use but also the sub licensing of the licenses to other companies in portions of the geographic regions which are covered under our exclusive licenses.
The MBS technology is a product of U.S patents developed, filed and issued to Solucorp Industries, US Patent numbers 5,898,093 and 5,877,393. Global has an exclusive license from Solucorp for North, Central, South America, Canada and Russia for Brownfield and Redevelopment properties which was purchased by and issued to Global on October 20, 2008.
About Global Technologies Group, Inc:
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are they must be proven, in use and have an underlying valid patent. The business plan of Global is to utilize the licenses for its own use and to also sublicense the technologies it acquires to companies in geographic regions covered under the original license grant.
Global Technologies Group, Inc.941-685-1616 FAX 941-847-0909 WWW.GLBTECH.COM
SOURCE Global Technologies Group, Inc.
Source: PR Newswire (September 14, 2009 - 10:14 AM EDT)
Global Technologies Group, Inc. Enters Agreement With Advanced Environmental Technologies, LLC.
SARASOTA, Fla., Aug. 20 /PRNewswire-FirstCall/ -- GLOBAL TECHNOLOGIES GROUP, INC. has executed an agreement with Advanced Environmental Technologies, LLC. (AET)
"Our agreement with Global allows us to provide Global with expanded, specialized services, and that for our company, a mature technology geared toward environmental cleanup activities such as Global's Molecular Bonding System used to stabilize heavy metals," says Chad Gunter, President of AET. "In our opinion, after testing dozens of products which claimed to remediate heavy metals, we found after exhaustive testing that Gobal's MBS meets all it's claims and is the best product for heavy metals cleanup. We believe Global's and AET'S combined services complement each other and that Global's products and uniquely qualified group members will provide a variety of options for our valued customers. As a result of this agreement, we are currently in discussions regarding potential projects with a large U.S. corporation and other projects in need of both of our capabilities."
"This agreement further enables Global to continue to broaden the reach of its group to include not just heavy metals remediation but all remediation projects in the future," stated James Fallacaro, President of Global. "We believe that AET'S experience and the broad recognition of their exceptional performance in several states on different types of remediation projects, as well as their implementation capabilities and 10 years experience in the field gives our group full capabilities to handle any project which we decide to pursue. We are pleased that we have an agreement as the preferred provider for heavy metals remediation and that AET will be Global's preferred remediation provider."
ABOUT ADVANCED ENVIRONMENTAL TECHNOLOGIES, LLC.
AET is a nationally recognized provider of comprehensive environmental solutions. We are experts at environmental science and engineering with the ability to translate that experience into on-site construction and field logistics.
Established in 1998, AET offers a complete range of environmental services from initial site reconnaissance through site remediation and closure. In today's business climate of increasingly complex environmental issues, regulations, and requirements, as well as increasing public and private sector awareness of environmental issues, AET provides a unique alternative in meeting the diverse environmental service needs of our clients.
AET's staff has practical, hands-on experience treating the full range of environmental contaminants in multiple media. This includes solving problems involving hydrocarbons, solvents, pesticides, toxic metals, asbestos, and other chemicals that may be present in soils, sediments, sludge, groundwater, surface water, and air. AET's streamlined structure supports a proactive project management style to control schedules and costs and provides efficient and equitable service to our clients.
GLOBAL TECHNOLOGIES GROUP, INC. has executed a master teaming agreement with M2 Polymer Technologies, Inc. (M2PT)
Sarasota, Fl April 21, 2009 GLOBAL TECHNOLOGIES GROUP,INC. "This agreement enables Global to continue to broaden the reach of its group to include not just heavy metals remediation but all remediation projects in the future," stated James Fallacaro, President of Global. "We believe that M2PT product lines and their implementation capabilities and 10 years experience in the field gives our group full capabilities to handle any project which we decide to pursue."
"Our agreement with Global allows us to build on our technology and to provide the team with expanded, specialized services, and a mature technology geared toward environmental cleanup activities such as Global's Molecular Bonding System used to stabilize heavy metals," says Martin Matushek, Vice President of M2PT. "We believe Global's and M2PT's combined services complement each other and Global's products and uniquely qualified group members will provide a variety of options for our valued customers."
ABOUT M2 POLYMER TECHNOLOGIES, INC.
M2 Polymer Technologies, Inc.'s Waste LockŪ brand Superabsorbent Polymer products are widely used in the environmental industry to treat many types of aqueous wastes. The advantage of these water-swellable super absorbent polymers is that they can absorb many times their weight in water with nominal or negligible increase in waste volume or weight. Super Absorbent Polymers (also called Superabsorbent Polymer and "SAP") are a class of cross-linked, non-biodegradable polymers capable of absorbing and retaining up to 500 times their weight in water. Because of the polycarboxylate chemistry of the Waste LockŪ Super Absorbent Polymers, the polymer has a strong ion exchange affinity for soluble metal ions. Many wastes when solidified or stabilized with Waste LockŪ Super Absorbents will pass TCLP (Toxic Characteristic Leachate Procedure) for RCRA metals. Their international presence and global supply base allow us flexibility and reliability in supply and allows us to maintain a low cost position.
M2 Polymer Technologies, Inc. was established in 2000 and offers over ten years experience in SAP and specialty chemicals. We are an environmental industry expert in the use of super absorbent polymers for solidification and stabilization of industrial and hazardous wastes. Waste streams that benefit from the Waste LockŪ Super Absorbent Polymer technology includes:
Low Level Radioactive Waste (LLRW)
Metal Plating Waste
Superfund and FUSRAP Site Wastes
Nuclear Power Plant Waste
Sludge with Heavy Metals
Medical Waste & Bodily Fluids
Unused Latex Paint Waste
Our customer list includes many of the largest environmental engineering firms in North America including:
Bechtel Jacobs Corporation
Clean Harbors Environmental
Energy Solutions (Duratek)
Fluor Inc.
Shaw Environmental & Infrastructure
The Washington Group International
For further information on M2 Polymer Technologies, Inc.:
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are they must be proven, in use and have an underlying valid patent.
Global utilizes under exclusive license, the Molecular Bonding System (MBS) technology for Brownfield and Redevelopment sites. MBS renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the transportation of contaminated soils to off-site locations. The MBS technology is a product of U.S. patents 5,898,093 and 5,877,393
SARASOTA, Fla., March 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- GLOBAL TECHNOLOGIES GROUP, INC. (GLOBAL) has executed a master teaming agreement with MSE TECHNOLOGY APPLICATIONS, INC. (MSE)
"This agreement enables Global to broaden the reach of its group to include not just heavy metals remediation but all remediation projects in the future," stated James Fallacaro, President of Global. "We believe that MSE has the best facilities for evaluation, engineering solutions and implementation giving our group full capabilities to handle any project which we decide to pursue."
"MSE provides a variety of engineering and remediation services to niche engineering markets and various remediation and energy areas. Our agreement with Global allows us to build on those engineering services to provide the team with expanded, specialized services, and mature technologies geared toward environmental cleanup activities such as Global's Molecular Bonding System used to stabilize heavy metals," says MSE corporate office. "We believe Global's and MSE's combined services compliment each other and Global's products and uniquely qualified group members will provide a variety of options for our valued customers."
MSE TECHNOLOGIES APPLICATIONS, INC. is a business providing engineering services, testing and cleanup technologies, mine waste remediation technologies, energy and aerospace technologies, embedded systems, and industrial automation and controls systems. MSE is an experienced contractor with three decades of experience and demonstrated skills in multiple types of engineering including design, project management, operations management, system integration, and full-scale implementation of technical solutions--from pilot-to bench-scale demonstration to evaluation to final implementation. Because of MSE's longevity and experience working with Government agencies, they have procedures and policies in place, testing facilities, and equipment that will add value to environmental projects. Some of these procedures and policies include ISO 9001:2000 certification, Defense Contract Audit Agency (DCAA) audited/approved financial system, Export Control Program (International Traffic in Arms (ITAR)), Occupational Safety and Health Administration (OSHA) compliant facility, certified project management professionals, and a disciplined project management system to allocate resources efficiently. For more info visit www.mse-ta.com.
About Global Technologies Group, Inc.:
Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are they must be proven, in use and have an underlying valid patent.
Global utilizes under exclusive license, the Molecular Bonding System (MBS) technology for Brownfield and Redevelopment sites. MBS renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the transportation of contaminated soils to off-site locations. The MBS technology is a product of U.S. patents U.S. Patent numbers 5,898,093 and 5,877,393
Global Technologies Group, Inc. Completes Formation of the Company's Group Members
Wed Mar 11, 2009 10:46am EDT
SARASOTA, Fla., March 11 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., has completed the formation of the company's Group members.They are exceptional professionals in their fields. They include Chemical Engineers, molecular and biological engineers, builders and developers, the former director of Region 3 for the E.P.A. and large well known remediation companies with clearance for work on D.O.D. and D.O.E. projects. For further information about our company and the group members, please visit the company's website http://www.glbtech.com.
According to James Fallacaro, President of Global, "This will enable Global to market exclusively to third parties, including cities, towns, states and the federal government, properties under their jurisdiction, the MBS remediation process in Brownfield sites (currently over 450,000 in the U.S.) and redevelopment sites as well as negotiating contaminated property acquisitions for the company's own portfolio."Mr. Fallacaro added, "We will be working with our partners individually or in partnership with local governments, and clean up the property that previously could not be utilized due to the excessive heavy metal contamination for development by our group. In addition, with the remediation technologies used by our remediation partners, we will be able to handle all clean up of contaminated soils which are contaminated with additional environmental hazardous waste." Global utilizes under exclusive license, the MBS technology for Brownfield and Redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the transportation of contaminated soils to off-site locations.The MBS technology is a product of U.S. patents. U.S. Patent numbers 5,898,093 and 5,877,393.
Global Technologies Group, Inc., (GLOBAL), formally know as Global Music International, has completed the acquisition of an exclusive Brownfield license to utilize MBS technology from Solucorp Industries Ltd. for $4.0 million in preferred stock. The acquired exclusive license includes North, Central and South America along with Russia. The license enables Global the use of Solucorp's MBS technology for Brownfield and Redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the transportation of contaminated soils to off-site locations. According to James Ryan, President of Solucorp, "We have spent over $20.0 million during the last 14 years to research, develop, test and ultimately promote Solucorp's MBS technology, including the successful EPA testing". MBS has been applied to major projects both in the U.S. and abroad, including the Ocean State Steel property in East Providence, Rhode Island which received the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England and the Syndial site in Ravenna, Italy.
Mr. Ryan went on to state, "We are genuinely excited about the licensing transaction with Global Technologies Group and their exceptional group of professionals. We believe that the Global transaction will enable our research professionals to focus on new developments and enhancements directly related to the patented processes licensed to Global. According to James Fallacaro, President of Global, "This acquisition will enable our professionals to market exclusively to third parties, including cities, towns, states and the federal government, properties under their jurisdiction, the MBS remediation process in Brownfield sites (currently over 450,000 in the U.S.) as well as negotiating contaminated property acquisitions for the company's own portfolio" Mr. Fallacaro added, "We are looking to acquire blighted contaminated property either individually or in partnership with developers or local governments, and "clean up" the property that previously could not be utilized due to the excessive heavy metal contamination for development by our group.
The MBS technology is a product of U.S. patents developed, filed and issued to Solucorp. US Patent numbers 5,898,093 and 5,877,393.