GLOBAL TECHNOLOGIES GROUP, INC. ENTERS MASTER TEAMING AGREEMENT WITH M2 POLYMER TECHNOLOGIES, INC.
SARASOTA, FLORIDA- April , 2009: GLOBAL TECHNOLOGIES GROUP, INC. has executed a master teaming agreement with M2 Polymer Technologies, Inc. (M2PT)
“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 Lock® 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 Lock® Super Absorbent Polymers, the polymer has a strong ion exchange affinity for soluble metal ions. Many wastes when solidified or stabilized with Waste Lock® 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 Lock® 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)
Shaw Environmental & Infrastructure
The Washington Group International
For further information on M2 Polymer Technologies, Inc.:
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 US Patent numbers 5,898,093 and 5,877,393.
The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the outcome of demonstration results, timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult-licensed professionals prior to making an investment decision.