PLEASANTON, Calif., Oct. 13, 2014 (GLOBE NEWSWIRE) -- Reterro, Inc., an emerging green remediation technology leader in eliminating hydrocarbon contamination from soil and ongoing waste streams, today reported a brisk pace of growth in business, demand and corporate infrastructure in the Third Quarter of 2014, which ended September 30, 2014.
In a report to shareholders, customers and partners of the company, Reterro Chief Executive Officer Ferdinand Seemann today said that the company was in "high-growth mode" throughout the recently completed Third Quarter. He said that he expected the company to record substantial additional business growth in the Fourth Quarter.
"Reterro's first three quarters of 2014 showed an uninterrupted pace of business growth, geographic expansion and increasing demand," said Mr. Seemann. "We expect the final quarter of the year to reflect an even steeper growth curve."
Mr. Seemann said he was particularly gratified that The Reterro Principle™ is demonstrating signs of becoming an industry standard in soil remediation and waste-stream cleaning. The company's green remediation" methodology, as well as the company's stringent health and safety practices, are being studied closely by much of the industry even as they are being adopted in all Reterro projects.
"Our practices are influencing the industry more every day," he said. "There is indeed an emerging Reterro culture that transcends our projects. It is extremely gratifying to see our still-young company having such a high level of influence over environmental practices."
Among the highlights of Reterro's Third Quarter of 2014:
- Q3 Revenue maintained its trend of sequential increases over the preceding quarter.
- The volume of soil Reterro processed continued to increase, a trend that became pronounced in June, when the company's soil processing volume outpaced that of 2013 as a whole.
- Reterro's recently founded oil- and gas-industry practice is experiencing intense interest in the Texas-Oklahoma region. The company expects to announce its first project in the area in the near future.
- Reterro completed its most recent expansion of its mobile remediation fleet in the Third Quarter. The company's fleet has doubled since the beginning of the year.
- Reterro continued to increase staffing levels in all departments
The Reterro Principle™'s small on-site footprint and flameless process delivers 100% certainty and a spotless safety record in soil and waste-stream remediation. The Reterro Principle™ is unparalleled as the demonstrably most efficient, cost-effective, clean and compliant method to remove hydro-carbon waste from soil and waste streams. The company's solutions also are unrivaled in the prevention of ongoing contamination, as for example, in the oil and gas industry.
About Reterro
Reterro, Inc., provides the foremost compliant and curative green remediation solution for tens of thousands of locations worldwide that are government-mandated to clean ongoing hydrocarbon waste streams and undergo soil remediation for existing hydrocarbon contaminated waste. Uniquely effective in urban, populated and space-constrained environments in which health and safety restrictions prohibit any other competing technologies, Reterro is unrivaled in mobility, cost-effectiveness and speed-to-completion, with a record of 100% certainty of efficacy.
For more information, please visit www.reterro.com.