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The U.S. Environmental Protection Agency (EPA) has completed a favorable review of F-ZDDP, a key chemical ingredient in TechroBond(TM), a revolutionary, environmentally-sensitive additive that enhances the performance of lubricants and coatings.
EPA's decision comes at the conclusion of the agency's review of a Pre-Manufacture Notification (PMN) submitted by Platinum Research Organization Inc. (BULLETIN BOARD: PLRO) (http://www.platinumresearch.com/), the developer of TechroBond and a maker of patented high-performance lubricant and coating additives.
The completed review clears the way for commercial production and distribution of TechroBond.
In the 90 days preceding its decision, the EPA evaluated data on the chemical composition of TechroBond, the results of health and safety tests performed on the new material, computer simulations, safety plans and procedures relating to TechroBond's production and distribution, waste disposal plans and other aspects involved in TechroBond's manufacture and distribution.
Platinum Research Organization (PRO) retained the Washington, D.C., law firm of Bergeson & Campbell, P.C., a leading authority on industrial, specialty, and agricultural chemicals and medical device product approval and regulation, to manage PRO's PMN process with the EPA.
"The EPA's decision is an auspicious first step in the global distribution of TechroBond and one of which we are very proud," said John T. (Cork) Jaeger Jr., president and CEO of Platinum Research Organization Inc. (PRO). "The EPA process can be a daunting task, but our experienced staff, our independent consultants, our U.S. law firm and its international consulting affiliates will positively impact PRO as we seek worldwide registration of TechroBond and as we ramp up manufacturing and distribution."
Bergeson & Campbell focuses on federal, state and international regulatory requirements applicable to conventional and nanoscale chemicals, including the products of nanotechnology and biotechnology. The firm is counsel to large chemical companies, small start-ups and others all sharing a need to obtain government approval of their chemical product innovations. In addition to the considerable regulatory experience of the firm's lawyers, the professionals associated with the firm have extensive scientific and governmental experience, including a former assistant administrator for the EPA and a doctor of organic chemistry with more than 25 years of experience in regulatory matters in the industrial chemical community, among other skilled scientific and government affairs professionals.
"Working with the PRO team is an opportunity to interact with a sterling group of professionals," said Lynn L. Bergeson, one of the law firm's principals. "We are very excited about the potential for TechroBond. It can have a very positive effect on the environment by improving the efficiency of catalytic converters in vehicles while out-performing other additives in lubricants and coatings."
About Platinum Research Organization Inc.
Platinum Research Organization Inc. (PRO) designs, develops and commercializes patented, high-performance additives for lubricants and coatings. The company's proprietary additive, TechroBond(TM), offers substantial economic, performance and environmental advantages over those now used. In engine oils, TechroBond will extend the life of catalytic converters, thereby reducing harmful emissions; it increases the anti-wear performance of industrial greases while reducing their cost; and in coatings and paints, TechroBond may replace environmentally hazardous materials. PRO's formulations and processes are protected by a series of U.S. patents, patent applications, continuation-in-part applications and trade secrets. The company is located in Dallas.
Trademarks: TechroBond is a trademark of Platinum Research Organization Inc. All other trademarks are the properties of their respective owners.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements about the future performance of the company, economic trends, and other forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including and without limitation, continued acceptance of the company products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. The company provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release.
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