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VeruTEK Technologies, Inc. (VTKT.OB) and MECX, LLC announced today that the companies have formed a strategic partnership. Under the terms of the agreement MECX will implement environmental remediation solutions that utilize VeruTEK's breakthrough green chemistry remediation technology. The companies will work together on select projects where the combination of VeruTEK's technology and MECX's application systems and expertise will provide the optimal solution for clients.
"This partnership marks an important milestone for VeruTEK in terms of executing on our business plan," said Dr. John Collins, CEO of VeruTEK. "As a technology company our strategy is to partner with leaders in the implementation of environmental remedies and MECX is clearly a leader in this area."
"Partnering with VeruTEK, a premier technology developer for chemical based remediation, is a critical development for growth in technology offerings to both commercial and federal clients," said Doug Carvel, PE, President of MECX a Service Disabled Veteran Owned Small Business. "This partnership will ensure that all our customers will have access to the most effective and efficient technologies available for rapid treatment of organic contamination."
VeruTEK's Technology Safely Destroys Surface and Subsurface Contaminants Including All Types of NAPLs
VeruTEK has developed a line of green, FDA-approved surfactant solvents that, when combined with chemical oxidation, actually remove complex contaminants in both soil and groundwater through a controlled dissolution and desorption process. VeruTEK's S-ISCOô (surfactant enhanced in-situ chemical oxidation) eliminates the need for excavation and thus is a safer, more effective, less disruptive, and in most cases less costly solution than traditional remediation solutions.
MECX is a leader in application systems for remedying soils and groundwater. They are known in the environmental remediation industry for their quality design and implementation of soil and groundwater remediation projects.
About VeruTEK Technologies, Inc.
VeruTEK (VTKT.OB) provides proprietary, patent-pending, green nanotechnology solutions for cleaning up the environment. For more information, please visit http://www.verutek.com .
About MECX, LLC
MECX is an internationally recognized technology-based team of environmental solution providers specializing in chemical oxidation and other remedial services. As a Service-Disabled Veteran Owned Small Business, MECX offers environmental solutions to industry, commercial and governmental organizations.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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VeruTEK Technologies, Inc.
Jim Carini, 312-953-8319
Richard T. Cartwright PE, CHMM*, CPIM*
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