CHARLOTTETOWN, PRINCE EDWARD ISLAND--(Marketwire - Oct. 1, 2012) -
Editors Note: There is a photo associated with this press release.
Maritime-based Extreme Spill Technology, Inc. (EST) today announced the successful conclusion of tests on its 12m oil spill recovery vessel built for the Canadian Coast Guard, featuring an innovative proprietary oil recovery system. Tests culminated at the Ohmsett tank-testing facilities in New Jersey on September 14th, surpassing R&D projections with confirmed oil recovery rates as high as 93%. The vessel is slated to arrive in Charlottetown today.
Funds were provided by Public Works Canada through the Canadian Innovation Commercialization Program (CICP). Major component suppliers include Fab-Tech in Glovertown NL (hull), Norseboat, Lunenburg NS (oil recovery tower), STAT Manufacturing, Porter's Lake NS (diesel-hydraulic powerpack), and Spilltronics LLC, North Ferrisburgh VT (microprocessor controller). Final handover of the completed vessel to CCG Charlottetown is expected to take place in late October.
Media enquiries are welcome, and journalists are invited aboard the vessel in Charlottetown.
Extreme Spill Technology began developing its innovative technology in 2005. A global patent is now pending, and the company has embarked on a worldwide marketing strategy with the recent formation of its EST-HK subsidiary in Hong Kong, where EST's patent has already been granted.
As CEO David Prior explains, "Our technology can mitigate a catastrophe like the aftermath of the Macondo blowout in the Gulf of Mexico, where only 3% of the resulting mega-spill was recovered. Ours is critical technology for Canada, and in fact is the only technology that can effectively clean up oil spills on the ocean or in severe Arctic ice conditions as our research and testing conclusively indicates."
On August 26, another EST prototype successfully recovered Bunker C and diesel oils off the coast of China in tests observed by its Maritime Safety Administration (coast guard). An MSA official said he was amazed that both types of oil were collected so quickly where conventional skimmers would have failed. Industry giants PetroChina and Sinopec have since expressed serious interest.
A much larger 70m version for use in the Arctic and high seas is currently in the planning stage.
For more information, visit www.spilltechnology.com
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