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August 2, 2007
EPA Completes Review of New Chemical from Platinum Research Organization
Favorable decision clears way for production, distribution of TechroBond ™ |
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DALLAS, August 2, 2007 - The U.S. Environmental
Protection Agency (EPA) has completed a favorable review
of F-ZDDP, a key chemical ingredient in TechroBond™, a revolutionary,
environmentally-sensitive additive that enhances the performance
of lubricants and coatings.
EPA’s decision comes at the conclusion of the agency’s
review of a Pre-Manufacture Notification (PMN) submitted
by Platinum Research Organization Inc. (PLRO.OB – www.platinumresearch.com),
the developer of TechroBond and a maker of patented high-performance
lubricant and coating additives.
The completed review clears the way for commercial production
and distribution of TechroBond.
In the 90 days preceding its decision, the EPA evaluated
data on the chemical composition of TechroBond, the results
of health and safety tests performed on the new material,
computer simulations, safety plans and procedures relating
to TechroBond’s production and distribution, waste disposal
plans and other aspects involved in TechroBond’s manufacture
and distribution. Platinum Research Organization (PRO)
retained the Washington, D.C., law firm of Bergeson & Campbell,
P.C., a leading authority on industrial, specialty, and
agricultural chemicals and medical device product approval
and regulation, to manage PRO’s PMN process with the EPA.
“The EPA’s decision is an auspicious first step in the
global distribution of TechroBond and one of which we
are very proud,” said John T. (Cork) Jaeger Jr., president
and CEO of Platinum Research Organization Inc. (PRO).
“The EPA process can be a daunting task, but our experienced
staff, our independent consultants, our U.S. law firm
and its international consulting affiliates will positively
impact PRO as we seek worldwide registration of TechroBond
and as we ramp up manufacturing and distribution.”
Bergeson & Campbell focuses on federal, state and
international regulatory requirements applicable to conventional
and nanoscale chemicals, including the products of nanotechnology
and biotechnology. The firm is counsel to large chemical
companies, small start-ups and others all sharing a need
to obtain government approval of their chemical product
innovations. In addition to the considerable regulatory
experience of the firm’s lawyers, the professionals associated
with the firm have extensive scientific and governmental
experience, including a former assistant administrator
for the EPA and a doctor of organic chemistry with more
than 25 years of experience in regulatory matters in
the industrial chemical community, among other skilled
scientific and government affairs professionals.
“Working with the PRO team is an opportunity to interact
with a sterling group of professionals,” said Lynn L.
Bergeson, one of the law firm’s principals. “We are very
excited about the potential for TechroBond. It can have
a very positive effect on the environment by improving
the efficiency of catalytic converters in vehicles while
out-performing other additives in lubricants and coatings.”
Platinum Research Organization Inc. (PRO) designs, develops
and commercializes patented, high-performance additives
for lubricants and coatings. The company's proprietary
additive, TechroBond™, offers substantial economic,
performance and environmental advantages over those now
used. In engine oils, TechroBond will extend the life
of catalytic converters, thereby reducing harmful emissions;
it increases the anti-wear performance of industrial
greases while reducing their cost; and in coatings and
paints, TechroBond may replace environmentally hazardous
materials. PRO's formulations and processes are protected
by a series of U.S. patents, patent applications, continuation-in-part
applications and trade secrets. The company is located
in Dallas.
Trademarks: TechroBond is a trademark of Platinum
Research Organization Inc. All other trademarks are the
properties of their respective owners. |
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements about the future performance
of the company, economic trends, and other forward-looking
statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned
that such forward-looking statements involve risks
and uncertainties, including and without limitation,
continued acceptance of the company products, increased
levels of competition for the company, new products
and technological changes, the company dependence
on third-party suppliers, and other risks detailed
from time to time in the company's periodic reports
filed with the Securities and Exchange Commission.
The company provides no assurance regarding the actual
outcome of the events contemplated by any forward-looking
statements included in this release. |
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Media Contact:
Barbara Hyman, Hopkins & Associates, barbara@hopkinspr.com, 214-828-0066
Investor Relations Contact:
Charles Moskowitz, FOCUS Partners, cm@focuspartners.com, 617-633-2259
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