FORT LAUDERDALE, FL -- (Marketwire) -- 04/14/11 -- East Morgan Holdings, Inc (PINKSHEETS: EMHI) reports that efforts continue to seek out energy industry and other manufacturing companies in need of the patented IFS-2c and other IFS Technologies, which are under an impending contract to be acquired from Solucorp Industries Ltd.
The number of companies which could utilize the IFS-2c and other IFS technologies and the annual size of the markets are staggering and in the billions of dollars annually. EMHI in conjunction with its consulting engineering company, MSE Technologies Applications, have successfully integrated the Company's IFS process technology into an energy company's product and expect to receive a $1.7 million intellectual property payout in 2011. Royalty payments of $1.5 million per year and chemical sales revenues are also expected to commence in 2011.
EMHI has been in negotiations with the U.S. military through its agent, retired Colonel Sandy Pogue, to infuse the IFS-2c coal burning power plant mercury and other metals remediation system into working power plants located at Forts Hood and Bliss in order to document the cost effectiveness associated with mercury removal from coal burning power plants stacks and reconfirm the remediation of the contaminated ash by-product. The process to integrate the system into the power plants has already been approved by the Council of Colonels at (Fort Hood), and the Army 3rd Core. Final approval is currently in the hands of Forscom Headquarters. Colonel Pouge has already informed us that Solucorp's Preferred Customer listings with all the branches of the Military are being re-activated and all energy related products and processes will be re-attributed to EMHI.
The IFS-2c has already proven its ability to remove both ionic and elemental mercury, sufficient to meet impending, stringent clean air regulations previously considered by the power plant industry as cost prohibitive and non-attainable. Tests were conducted by Energy & Environmental Research Center and Babcock and Wilcox and other prominent industry companies. The power plant air emissions remediation market in the U.S. is estimated to be about $15 billion annually and about the same in Europe.
On August 6, 2010 the EPA issued amendments to the Portland cement manufacturing regulations and new source performance standards. The amendment was set in place to reduce annual mercury emissions by an estimated 92 percent. Existing kilns must comply within three years of this rule. New kilns built after May 2009 must comply at startup or within sixty days after the rule is published. There are an estimated 181 Portland cement kilns that will be operating at 100 different facilities throughout the United States by 2013. The amended air toxic requirements will apply to 158 of those kilns. The cement industry is the third largest producer of mercury emissions in the U.S.
The Company through the use of its technologies has the ability to not only reduce elemental and ionic mercury in flue gas emissions, as discussed in a press release dated July 24, 2008, but it can also remediate any other heavy metal contaminated waste streams that are present. These technologies have already been proven extremely effective in coal-fired power plants. The Company intends to contact all of the cement plants affected by these regulations and is currently working with a cement plant to design a system, which will meet both the revised ash and impending air emissions regulations by injecting the IFS-2c technology into its manufacturing process.
EMHI intends to actively pursue its newly purchased IFS battery technology which was featured in the Battery and EV Technology publication. An excerpt from the article follows: 'A new environmental technology can prevent toxic metals from batteries and other products from leaching into soils and water. Solucorp Industries, Inc. has developed a technology called Integrated Fixation Systems (IFS) that works with the company's Molecular Bonding System (MBS) so that chemicals reagents that chemically bind heavy metals in contaminated soil can now be incorporated into lead acid and nickel cadmium batteries, as well as other products at the time they are made.'
EMHI has entered into an agreement with Global Technologies Group (PINKSHEETS: GTGP) Inc. to utilize Global and their partner companies and licensors, MSE Technology Applications, Inc and M2 Polymer to penetrate the energy markets via the group's broad contacts in all aspects of the uses for the EMHI patents. Global, MSE and M2 Polymer have been working with the MBS process and they are familiar with the MBS viability for use as a heavy metals treatment. Global will use its best efforts to bring the various uses to the combined companies and their contacts as well.
EMHI has filed a registration statement for its securities with the SEC. Upon approval, it will clear the way for fulfillment of the Company's plan to apply for a listing on a National Stock Exchange. The Company currently trades on the electronic Pink Sheets. The Company has identified a prominent Board of Directors and President, who have accepted their positions upon receipt of an Officers and Directors Liability Policy and finalization of impending contracts.
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.