Vancouver, British Columbia (FSCwire) - Targeted Microwave Solutions Inc. (CSE: TMS; OTCQX: TGTMF) ("TMS" or the "Company") is pleased to provide the following operations update:
TMS Technology Status
Management’s overriding objective continues to be the commercial deployment of the proprietary TMS technology. Since the construction of the TMS King William Plant in July 2015, TMS has substantially expanded the operating performance and application of the TMS technology to a variety of industrial materials, including coal, clay, calcium carbonate and biomass (woodchips).
In the context of low-rank coal, TMS has significantly increased its material throughput rates under the Gen. II system from 5 to 25 tons per hour, and has introduced several water remediation and process automation modifications that have resulted in several new patent filings. TMS is pleased to announce that its engineers have now applied observations from the TMS Gen. II system in King William, and are rapidly working towards the construction of a Gen. III processing reactor that management expects will improve throughput to 50 tons per hour. Management believes that at a processing rate of 50 tons per hour, the TMS system will be commercially economical for coal-fired utilities and TMS will be well positioned to execute commercial contracts for various coal processing projects, including those already identified in China and Indonesia. The Gen. III system is currently on track for fabrication and installation in the first quarter of 2016.
TMS also announced today its plans to further a series of continuous operation tests on industrial clays, calcium carbonate and biomass (woodchips) before the end of the year. Based on encouraging batch test results already completed, management believes that TMS' material diversification program has the possibility of attracting near-term commercial applications before the coal-processing Gen. III system is ready to be deployed.
Chairman Dr. James Young remarked: “Diversifying the application of the TMS technology to different industrial applications has always been a central goal. The work we have done on optimizing the Gen. II processing reactor at the TMS King William Plant reflects this focus. We will continue to expand our knowledge and optimize the TMS systems to a diverse range of industrial applications in the aim of securing near-term revenue opportunities and delivering value to our shareholders. Securing diverse revenue streams is the ultimate objective of our concurrent coal and alternative materials processing program.”
Montmorillonite clay is the main component of kitty litter that is currently mined and processed at Nestle-Purina's major production facility adjacent to the TMS King William plant in Virginia. During initial batch testing, dielectric (microwave) heating of montmorillonite clay using the proprietary TMS system caused the material to rapidly dry and break apart over a very short exposure time. The drying and crushing of montmorillonite are key processing steps in transforming montmorillonite into kitty litter, which is estimated to be a $2.5 billion dollar business each year in the United States alone. At present, conventional thermal drying technologies (such as rotary drums and fluidized beds) are the standard drying technology in the kitty litter manufacturing industry. TMS management believes that the Company’s technology has the potential to greatly increase the efficiency and throughput capacity of kitty litter production, thereby introducing considerable cost savings to kitty litter producers.
In close proximity to the TMS King William Plant is an estimated deposit of 5 million short tons of Langhian era seas shells that have been identified as a source of highly soluble calcium carbonate. Calcium carbonate has a number of industrial uses in plastics and paint production, but is also a major nutritional supplement, binder, and digestive aid in the pharmaceutical, feedstocks, and wellness industry. Realizing the value of this large deposit of shells, which has been estimated to be over $550/ton, is contingent on being able to separate the pure shells from encasing ore which is largely made up of hardened clay. The proprietor of the deposit has tried various methods to liberate the shells from the surrounding clay for over a decade without success. Batch trials conducted at the TMS King William Plant dried the clay surrounding the shells to the point that the clay could be separated from the shells with a simple washing technique. TMS plans to run large-scale continuous tests on this resource and conduct a detailed cost-benefit analysis before the end of the year.
TMS plans to further the application of its technology to the commercial drying and sterilizing of biomass. Many coal-fired utilities in the United States and Europe are switching over to burning waste products from the timber industry (for e.g. woodchips) instead of coal, to improve their environmental footprint and to decrease polluting emissions. As with low-rank coal, moisture content in the woodchips is a major obstacle to generating efficient heat for electricity production. In addition to increasing the heat value of the woodchips, dielectric heating has the additional benefit of meeting phytosanitary sterilization targets that must be observed before biomass can be exported from North America to European markets. TMS engineers believe that the proprietary ability of the TMS technology to handle large volumes of industrial aggregates like biomass at high speeds makes optimizing the TMS systems to this renewable fuel resource an attractive diversification opportunity.
About Targeted Microwave Solutions Inc.
TMS is focused on commercializing its proprietary microwave processing technology, designed to dry, sterilize, and add commercial value to a variety of raw materials and industrial aggregates, including but not limited to, clays, mineral ores, animal feedstocks, biomass, and sub-bituminous/lignite coal. The TMS technology’s proprietary vertical design allows the TMS systems to process materials at high throughput rates while occupying a small footprint, allowing the TMS technology to easily integrate into existing industry infrastructure.
TMS has recently completed constructing a commercial-scale reactor facility in King William County, Virginia, U.S.A. and has entered into joint ventures for China and India to develop and market its technology.
On behalf of the Board of Directors,
"Dr. James Young"
Chairman of the Board of Directors
For further information, please contact:
Targeted Microwave Solutions Inc.
Telephone: (778) 995 5833
This news release contains certain statements which are, or may be deemed to be "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding our ability to service, and the economics of serving, new industries, the trends affecting those markets and industries that we serve or intend to serve, and our projections regarding the upcoming implementation of our new Gen III processing reactor. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “projects”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law.
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Source: Targeted Microwave Solutions Inc. (CSE:TMS)
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