SCOTTSDALE, Ariz., July 25, 2011 /PR Newswire/ -- AbTech Holdings, Inc. (OTCBB: ABHD) ('AbTech' or the 'Company') has completed testing on an exciting new product for the treatment of hazardous contaminated waste water. The multi-use 'Smart Sponge 55' will initially be marketed to the chemical shipping, ground water remediation, and energy sectors.
The 'Smart Sponge 55' has been designed as a self–contained, disposable 55 gallon drum filter system. AbTech believes there are many advantages to the new product offering. Since each filter system is fully self-contained, there is no human contact with the spent filter material. The entire treatment unit can be disposed of in an appropriate disposal site as a solid waste once all the water is drained out of the unit.
Quick couplings are provided on the unit that takes only seconds to disconnect the spent unit and connect the new unit. This feature makes it ideal for conditions where worker exposure to hazardous materials is of concern.
Other major advantages are there is no need to decontaminate used equipment at the end of the project, filter drums are simply properly disposed of. The capital cost of The AbTech treatment unit is insignificant compared to the operating costs of large fixed treatment systems.
'We are extremely excited about the potential for Smart Sponge 55. The relatively low cost of treating contaminated water on-site in self-contained units will open up significant new opportunities for the Smart Sponge technology,' said Glenn Rink, Chairman and Chief Executive Officer.
AbTech is anticipating first commercial sales to begin in the third quarter 2011. The company is currently working with specific companies to deploy this new product in both the US and international markets.
Additional details regarding the company's business, finances, appointments and agreements can be found as part of the company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ('SEC') EDGAR database. For more information about the Company, visit: www.abtechindustries.com.
About Abtech Holdings (OTCBB: ABHD) and AbTech Industries
AbTech Industries, Inc. (a subsidiary of Abtech Holdings Inc.) is an environmental technologies firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of water pollutants and contamination. Its products are based on polymer technologies capable of removing hydrocarbons, sediment and other foreign elements from still water (ponds, lakes and marinas) or flowing water (curbside drains, pipe outflows, rivers and oceans). Smart Sponge Plus contains an antimicrobial agent that is effective in reducing coliform bacteria found in stormwater, industrial wastewater and municipal wastewater. AbTech's Smart Sponge technology is installed in more than 15,000 locations across America and in 8 countries worldwide. For more information please visit www.abtechindustries.com.
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This news release contains 'forward-looking statements' as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE AbTech Holdings, Inc.