TekModo Industries – Activated Carbon Division Announces First Contract
December 08, 2016 – Vancouver, British Columbia – TekModo Industries Inc. (TSX-V: TEK) (“TekModo” or the “Company”) is pleased to report that it has successfully launched its activated carbon business. TekModo has delivered its first shipment (40 metric tons) of pelletized bituminous coal based activated carbon. Further deliveries, based on existing purchase orders for 154 metric tons, are expected within the next quarter.
Activated carbon is a porous material with a very large surface area. The pores naturally capture pollutants, allowing activated carbon to serve as an effective filter of airborne and waterborne pollutants. Activated carbon is used as a filtration medium for liquid, odour, and gaseous applications such as water treatment, chemical, pharmaceutical, distillery, brewery and stack emissions. It comes in a variety of forms, including powdered, granulated and pelletized, as appropriate for the specific filtration application.
TekModo has the exclusive right, within Canada and the United States, to distribute bituminous coal-based activated carbon pellets produced by an offshore manufacturer. The pelletized product is specifically designed to meet the filtration needs for vapour or gaseous filtration applications.
TekModo is also seeking customers for bituminous coal-based granular activated carbon (GACs). GAC is designed to meet the filtration demands of a wide array of water filtration applications. The pellet and GAC products that TekModo distributes are not subject to U.S. tariffs on foreign products allowing TekModo’s activated carbon products to be very price competitive in the U.S. market.
On Behalf of the Board of TekModo Industries Inc.
Chairman & CEO
About TekModo Industries Inc.
TekModo is an established manufacturer and distributor of advanced composite panels, with existing revenue and a proven history of rapid growth. TekModo’s composite panels are currently being used in the walls, roofs, floors and doors of RVs, buses and trailers. The Company has also advanced a number of products with applications in the construction, transportation, industrial filtration and defense industries. With a suite of intellectual property, research and development expertise, leading-edge manufacturing processes and a fully operational manufacturing facility, TekModo is poised to expand its commercial product base to exploit opportunities across a diverse range of industries. More information is available at www.tekmodo.com.
Chairman & CEO
President & Director
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Cautionary Notes Regarding Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will”, “potential”, “advancing” and variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, including the resumption of trading, the name change and new stock symbol, the business of the Company, the Company’s ability to advance its development-stage products to commercialization and cash flow, and the Company’s ability to capitalize on additional business opportunities. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.