MOSCOW, April 17, 2007 (PRIME NEWSWIRE) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today announced it has entered into an agreement with "ASPECT," a Russian research, production and marketing center for the development, introduction and transfer of innovative high-tech technologies and projects. ASPECT is the official managing company in the development of international and Russian environmental projects for the Federal Ministry of Nuclear Energy of the Russian Federation and ROSENERGOATOM, the operator of all Russian nuclear reactors, and includes the participation of all the companies of the nuclear industry within the Russian Federation. ASPECT has decades of experience as a contractor in improving systems for the handling of radioactive waste and their recycling at sites of the Federal Ministry of Nuclear Energy.
The subject of the agreement between "ASPECT" and NUCON-RF, Inc. is to engage in joint efforts in the implementation of complex technologies and equipment on the basis of a gradient-porous metal-ceramic membrane known as "TRUMEM(tm)." TRUMEM(tm) is a high-output, long-lasting, inexpensive and compact purification unit for all types of liquid wastes, including radioactive wastes. These technologies are the basis for a technological breakthrough in solving the current problems of radioactive liquid wastes. Presently, these problems are fundamentally unsolved at nuclear sites worldwide.
This technology has been successfully developed, produced and operated within closed Russian nuclear facilities. The agreement provides the basis to introduce these technologies for the first time to the global nuclear marketplace. NUCON-RF believes that implementation and roll-out of this technology will provide an effective solution of problems connected with environmental safety at nuclear power sites, and particularly the rehabilitation of water basins which have become contaminated with liquid radioactive wastes.
The ASPECT association has its own production sites for manufacturing nonstandard equipment that is used in the membrane technological complexes. TRUMEM(tm) membranes have a pore size ranging from 0.01 um (micrometer) to 5 um and are used for ultra and micro filtration. They have a proven long service life, high output and high resistance to aggressive media.
The Chief Executive Officer of NUCON-RF, Professor Valery Lebedev, Doctor of Engineering Science, is a key participant in the scientific team which developed this technology and is a co-author of the patents. The ASPECT association is engaged in continuous improvements on modernization of nuclear plants working on the principle of the TRUMEM(tm) technology. There are registered patents existing on these processes and equipment.
Professor Lebedev stated, "There are no known analogues to this technology in the world today, and we believe that the association of NUCON-RF and ASPECT will now permit this revolutionary technology to be incorporated into nuclear sites worldwide."
The characteristic features of the membrane TRUMEM(tm) are the following: high mechanical strength, elasticity, lightweight, proven production capabilities, resistance to abrasive wear and high resistance to aggressive media.
Applications of TRUMEM(tm) include the global nuclear power plant market, processing of liquid radioactive wastes, cleaning of water basins with spent nuclear fuel, filtration of toxic liquids, cleaning of industrial wastes, conditioning of water, and application in the field of oil and gas chemistry.
NUCON-RF will be responsible for establishing global strategic alliances to introduce the technology in the markets of the United States, Canada, Argentina, Brazil, China, Republic of Korea, Japan, Taiwan, Belgium, Finland, France, Germany, Spain, Sweden, Czech Republic, Slovakia, Slovenia, Bulgaria, Romania and Switzerland.
Both NUCON-RF and ASPECT will concentrate their joint resources to improve the efficacy of the pilot production of the membrane TRUMEM(tm) which they believe will implement rapid delivery of the samples of the membrane for promotion and adoption into the various markets mentioned above.
ABOUT NUCON-RF:
NUCON-RF, a U.S. corporation with executive and operations offices in Washington, Berlin and Moscow, and provides products, technologies and engineering/design services for a range of environmental challenges. The Company owns manufacturing facilities and provides both equipment and services for nuclear waste solutions, as well as compliance, shielding, transport and storage requirements for nuclear power plants. NUCON-RF also owns and licenses proprietary leading edge technologies which augment the Company's market edge in manufacturing, design, engineering and services capabilities. The Company has a highly experienced, proven and high profile management team whose capabilities include extensive in-house expertise in all aspects of radiological protection and radiological waste management. NUCON-RF is currently involved in providing nuclear power plant equipment in Russia and China and intends to expand to India, European Union and North American markets in 2007-08. Current projects for 2007-2010 include multiple international nuclear waste remediation projects in northwestern Russia that are multilaterally funded by G-8 member countries for the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The Company is currently engaged in the due diligence phase of potential further acquisitions in 2007-2008 which are intended to substantially increase its asset and revenue base.
SAFE HARBOR STATEMENT
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.