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The Company has been funded by private investments and a $1.8 million government grant and currently requires $2.0 million in equity or convertible debt as a bridge to finance equipment and personnel expenses to meet operations for the years 2009/2010 with an additional $8 to $10million required to finance operations for years 1-3, when it will achieve a positive cash flow. Contracts pending from major international airline and also from leading regional airline.
The Company has developed patented technology for deicing and defrosting aircraft without the use of chemicals. Several Major Airlines are currently contracting for operational trials on a fee for use basis, commencing immediately. Airlines are necessarily focused on cost reduction and reducing the environmental issues currently from destructive and costly current methods using chemicals (Glycol). Several other Airlines are actively in discussions to utilize the company’s equipment this winter season.
The Company has already been granted a patent in the United States with pending applications in Canada and Europe. Since no chemicals are used in the process, the process greatly reduces current environmental problems, saves time and reduces cost of these operations. At the same time, it basically eliminates occupational hazards, and decreases aircraft delays caused by winter weather, thus adding to the cost savings by reducing fuel consumed and crew time.
The Company has tested and proven additional applications that include, the construction and utility industries ground thaw where access to frozen ground is required without potential contamination, deicing of rolling stock in the rail and trucking industries, and road and walkway deicing. There are other extensive applications in areas where adverse weather conditions and frozen environments exist.
Within the airline industry, the company has the potential of generating well over $100 million in annual revenue within 3 to 5 years. The technology allows Airlines to improve on-time operations and substantially reduce costs particularly in the amount of jet fuel used while also reducing flight delays. Use of the technology will allow Airlines to comply with an international mandate to reduce pollution and greenhouse gases.
For Further Information Contact:
Burton Bartzoff
Lexbridge International Mergers & Acquisitions Group, LLC
40 Mall Road, Suite 206, Burlington, MA 01803
Tel: 781-221-8421
Fax: 781-221-3533
INQUIRE FURTHER
or
For Further Information Contact:
Larry Maker
Lexbridge International Mergers & Acquisitions Group
Two St. Clair Avenue East, Suite 1100
Toronto, Ontario M4T 2T5 CANADA
Tel: 416-963-7216
Fax: 416-964-6454
INQUIRE FURTHER
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