Boca Raton, Florida, Feb. 10, 2014 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc., (OTCQB:SHPR) announces the signing of a consulting agreement with DNV GL to test and evaluate Poly Shield Technologies Inc.'s DSOX-15 Fuel Purification System's technology. The test will be completed in the month of February 2014 and results are anticipated early March 2014. The results will be made available to the public and the maritime industry prior to the Cruise Shipping Miami event March 10-13 2014, CMA Shipping conference held in Stamford Connecticut March 17, 2014 and the Green Ship Technology GST Conference in Oslo, Norway March 18-20, 2014. Chairman CTO, Rasmus Norling, commented, "The test results from this evaluation will provide the maritime industry and owners of over 65,000 ships effected by the upcoming 2015 emissions regulations a third party verification of the DSOX-15's capabilities." Currently Poly Shield Technologies Inc. customers represent 49 ships covered under DSOX-15 installation contracts.
Poly Shield Technologies Inc., will continue updating the public on the all the Company's projects as it progresses through research, development, testing and implementation.
DNV in the Maritime industry
DNV GL is the world's leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry - across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges.
About Poly Shield Technologies Inc.:
Poly Shield Technologies Inc., develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.
Poly Shield Technologies Inc.'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 currently 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 and in use in a number of different industries applications.
On behalf of the Board of Directors, Rasmus Norling, Chairman / CTO
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.