Solucorp’s remediation tech chosen for Italian job

December 14, 2006

Solucorp Industries of Ft. Lauderdale, Florida (PINKSHEETS: SLUP) says its patented Molecular Bonding System (MBS) heavy metals soil remediation technology has been confirmed as the technology of choice for a site in Tuscany.

The company says it's passed tests conducted by an independent laboratory in Italy and has surpassing all other tested remediation technologies.

Solucorp received written notice of confirmation of its technologys selection from EARTH s.r.l., the engineering company in charge of the SI.TO.CO site in Orbetello, Tuscany. EARTH S.r.l. is a part of the Saico company in Arezzo, Italy.

The SI.TO.CO Orbetello remediation site, once awarded, will consist of 50 hectares (approx. 123 acres) and could reach $80 million in remediation revenue to Solucorp over the multi-year life of the project.

Phase One of the project will include 10 hectares (approx. 25 acres) and is estimated to represent $16 million in revenue. EARTH S.r.l. awaits final approval from the property owners and the Ministry of the Environment (the Italian equivalent of the U.S. EPA) in order to move forward on this project. The final approval is anticipated in the first quarter of 2007.

Solucorp is in the final stages of another high profile clean up at Ravenna, Italy, which to date has generated over $4.5 million in revenue for Solucorp. During the 16 months that Solucorp has been on site, the company says it formed a strong working relationship with Syndial, the company whose land is being treated, and Snamprogetti, the company who runs the reclamation division for the ENI S.p.A.

Shares of Solucorp were up almost 6% on today's news.


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