Boca Raton, Florida, Aug. 1, 2013 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE August 1, 2013
Poly Shield Technologies Inc. has completed the third cruise ship survey for the DSOX-15 Fuel Purification System in the Baltic Sea.
Boca Raton, Florida, August 1, 2013 - Poly Shield Technologies Inc., ("Poly Shield")(OTCBB:SHPR) announces that it has completed the inspection of the third portion of a three ship installation survey for its DSOX-15 Fuel purification system. The inspection, conducted in the Baltic Sea, was completed this week by the Poly Shield Technologies engineering team. DSOX Fuel Purification System represents the latest solution in the battle to reduce exhaust emissions in the maritime industry. It also represents a substantial reduction in the cost of meeting the new regulations scheduled to take effect in 2015. After a thorough review of the survey analysis, Mr. Norling commented: "The survey information obtained from all three of the ships confirms that the installation team will not face any issues with space or fuel system compatibility and that no dry dock time will be required for installation."
Poly Shield Technologies Inc., will continue updating the public on the DSOX -15 project as it progresses through testing to certification.
About Poly Shield Technologies Inc.:
Poly Shield markets environmental, pollution emissions, energy
saving, corrosion and durability solutions to a worldwide
Poly Shield's proprietary DSOX-15 Fuel Purification System is a cost-effective technology designed to remove sulfur from fuel in an effort to meet the upcoming sulfur emissions regulations due to take effect in 2015. The technology is directly aimed at the maritime industry which includes vessels for cruise-line, freight shipping and tanker companies and can be installed during normal vessel operation without the need to use expensive dry dock time. The technology has a worldwide application that is not limited to the maritime industry.
The Poly Shield's Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics. They were tested and are in use in a number of different industries including marine, aerospace, oil field, industrial, commercial, and residential applications.
For further information about Poly Shield Technologies Inc. please visit the company's website at http://www.Polyshieldtechnologies.com.
On behalf of the Board of Directors
Rasmus Norling, Director and CEO
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Poly Shield Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Poly Shield Technologies Inc.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Poly Shield Technologies Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Poly Shield Technologies Inc.'s forward-looking statements. Except as required by law, Poly Shield Technologies Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Poly Shield Technologies Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
Contact: Poly Shield Technologies Inc.
|Poly Shield Technologies Inc., receives request by a second major cruise line company to perform a Ship Installation Survey for the DSOX-15 Fuel Purification System. ()|
|Poly Shield Technologies Inc., completes Installation Survey for the DSOX-15 Fuel Purification System for a third major maritime company. (2013/9/3)|
|Poly Shield Technologies Inc., receives request for an additional Vessel Installation Survey for the DSOX-15 Fuel Purification System. (2013/10/21)|
|Poly Shield Technologies Inc. Enters Into Agreement with Prestige Cruise Holdings, Inc., for multiple installations of the DSOX-15 Fuel Purification System. ()|
|Poly Shield Technologies Inc., Begins a Development Feasibility Study of the DSOX-15 Fuel Purification System as a Shore Side Low Sulfur Fuel Supplier. ()|
|Poly Shield Technologies Inc. Enters Into Agreement with LMS Shipmanagement Inc. of Mobile, Alabama for multiple installations of the DSOX-15 Fuel Purification System. (2013/7/24)|
|Poly Shield Technologies Inc., has begun developing a marketing strategy for the DSOX-15 Fuel Purification System targeting the maritime industry in the European Union member countries. (2013/11/4)|
|Poly Shield Technologies Inc., begins discussions with possible fuel suppliers for onshore DSOX-15 Fuel Purification System facility. ()|
|Poly Shield Technologies Inc., begins proposal request process for identifying suitable companies capable of commercial production of the DSOX-15 Fuel Purification System. ()|
|Poly Shield Technologies Inc., identifies Mobile, Alabama as possible site for onshore DSOX-15 Fuel Purification System facility. ()|
|Poly Shield Technologies Inc||View shpr Stock Quote|
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