Latitude Solutions, Inc.’s CleanTech Group Division Retains Robert Benko as its Alberta-Based Laboratory Services Director
Boca Raton, Florida — (December 10, 2009) – Latitude Solutions, Inc. (“LSI” or the “Company”), (Pink Sheets: LATI.PK), announced today that its wholly-owned subsidiary, Latitude CleanTech Group, Inc., has entered into an agreement with Robert Benko, former Lead of Laboratory Services for Canadian National Resources Ltd. (“CNRL”) Horizon Oil Sands Project and former Laboratory Supervisor for Suncor Energy Inc. Mr. Benko’s unique technical, environmental and first hand experience operating in the Alberta Oil Sands adds invaluable technical knowledge and background to support our recently announced strategic marketing agreement with DCR, Inc. of Alberta, Canada.
Latitude CleanTech Group has accelerated its efforts to introduce and deploy its proprietary water treatment technology to address specific process and environmental issues related to the extraction of oil from the Oil Sands in Alberta.
Mr. Benko, Latitude CleanTech Group’s Alberta-based Laboratory Services Director stated, “I recently observed a demonstration of Latitude CleanTech’s technology along with other Oil Sands production company representatives. This technology has the potential to not only drastically reduce the need for long term storage of tailing ponds water with substantial savings to Oil Sands operators, but also can provide enormous positive environmental benefits.”
Various governmental agencies estimate that there is in excess of 170 billion barrels of recoverable bitumen (viscous, organic liquids similar in consistency to tar), which is upgradable into synthetic crude oil. Environmental regulations are rapidly becoming significantly more stringent on Oil Sands extraction operations. Thus Latitude CleanTech’s clean water technology can play an extremely important role in the ongoing and increasing volume of oil being produced in the Oil Sands.
Latitude CleanTech Group’s Chief Executive Officer, Warren V. Blasland, stated, “Mr. Benko brings his unique, direct hands-on knowledge and understanding of the specific technical challenges of efficiently and effectively treating the large volumes of waste water resulting from large scale extraction operations. Mr. Benko’s expertise will be of great value to the specific designs of our water treatment plants for Oil Sands operations.”
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company’s technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company’s third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis. LSI has offices in Boca Raton, Florida, Bend, Oregon, Huntsville, Alabama and Montreal, Quebec, Canada. The products and solutions can be viewed on www.lsiworldwide.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company’s products, increased levels of competition for the Company, new products and technological changes, the Company’s 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.
Harvey Kaye’s Latitude Solutions, Inc.’s, CleanTech Group Division Signs Strategic Marketing Agreement with DCR Inc., an Alberta, Canada Based Company
The question that is rapidly coming to the fore is: Can we have clean energy AND clean water or will the increasing use of hydraulic fracturing create a potential contaminated water downside to the opportunity of an estimated 40% increase in energy reserves? The potential increase in energy reserves, particularly natural gas, is of great benefit to all. However, as has been reported in a New York Times editorial on October 17, 2009, “Hydraulic Fracturing” or “fracking” involves shooting a mix of water, sand and chemicals (many of them highly toxic) into the ground at very high pressures to break down the rock formations and release gas and oil which previously has not been recovered.
The use of hydraulic fracturing will grow around the world and the energy it produces is vital. The question that must be answered is: How can we successfully use hydraulic fracturing and yet still protect the world’s rapidly declining supply of clean water? The world is experiencing a rapid population growth at the same time as increasing droughts are occurring in many parts of the world. To dispose of billions of gallons of contaminated fracturing water in deep wells, never to be used again is an unacceptable scenario.
Ultimately, in order to have true clean energy, we must be able to treat the resulting contaminated water both economically, efficiently and cleanly to allow for its reuse.
Latitude CleanTech Group’s proprietary Electrolytic Coagulation technology provides such a solution. The Company has the exclusive worldwide license for a proprietary EC technology which is extremely cost effective, highly efficient and environmentally sound. The technology is highly scalable into large industrial applications as well as smaller special use operations. The technology can provide high pollutant removal efficiencies of a wide variety or both organic and inorganic pollutants from water. The Company’s EC unit requires a small footprint and can be skid mounted for mobile capability.
Latitude CleanTech’s strategic plan is to extensively deploy the company’s water treatment technology either through a licensing or direct operating model based upon a recurring revenue strategy.
The New York Times on Saturday, October 10, 2009 reported that a new recovery technique (hydraulic fractionation) has tapped previously inaccessible supplies of natural gas and oil in the US is spreading to the rest of the world. Companies are leasing huge tracts of shale land in Europe, Asia and North Africa. “It’s a breakout play that is going to identify gigantic resources around the world”, said Amy Myers Jake from Rice University.
The good news is that energy reserves are increasing worldwide with this technical breakthrough; the bad news is that it comes at a high price environmentally. The process uses large amounts of water under intense pressure which fractures rock formations, thereby releasing the gas and/or oil. The water, after use in this process, is highly contaminated and therefore must be either disposed of in deep well mines where it is lost to human use and potentially creating further environmental impact or treated. As this technology is rapidly deployed around the world, the need for a cost effective, efficient and environmentally sound treatment for this contaminated water such as Latitude CleanTech Group can provide is expected to grow as rapidly as the use of water expands for this purpose.
As more ground water becomes polluted from mining & oil extraction and processing coupled with increasing drought conditions worldwide, the need to cost effectively treat the water becomes more urgent.
The Company is accelerating its marketing efforts in the Alberta Tar Sands Areas. As previously discussed, this area demonstrates, in epic scale, the negative environmental impact of discharging large amounts of untreated water into so-called tailings ponds. The successful deployment of our water processing technologies in this area serves not only to help deal with this urgent problem, but also to serve as a showcase for future new shale mining operations that are expected to spring up in many parts of the world.
As nations rush to exploit their shale deposits, Latitude Clean Tech Group intends to extend its marketing efforts to these new opportunities.
One of the world’s worst ecological disasters can be found in the Tar Sands Pond mining operation in the Ft. McMurray/Fort McKay areas of Alberta, Canada. As a result of oil recovery operations, tailings ponds (residual contaminated water) have been deposited in a man-made lake of some 50 square miles. It has contaminated the First Nation Bands reservation drinking water and destroyed ancient tribal lands. The Alberta government has recently assessed strict new regulations governing the treatment and cleaning of the tailings ponds and the actual tailings ponds themselves, which contain several billion gallons of contaminated water.
Latitude Clean Tech Group’s electrocoagulation technology has been proven in its ability to treat these waters and can remove heavy metals, suspended and colloidal solids, fats, oil and grease, destroys and removes, viruses, bacteria and cysts, breaks oil emulsions in water and processes multiple contaminates and reduces/eliminates chemical additives.
We have recently delivered out 10 gallon/minute demonstration unit to a site in Calgary, Alberta and have successfully run contaminated water through the system. Latitude Clean Tech is currently working closely with the First Nation Bands, whose lands and drinking water have been adversely affected. We believe that our water technology will play a significant role in solving this ecological tragedy.
If we can recover and protect tribal lands and allow for an environmentally acceptable solution, we can play a role in providing needed energy in a way that protects the land, its water and ultimately its people.
Recent articles in The New York Times and other media sources report that the estimates of recoverable gas and oil in the US and Canada has increased about 33%. This is based on the utilization of a drilling technique called hydraulic refract ionization. This produces large amounts of contaminated water which the EPA is preparing to highly regulate. Drilling operations in Oklahoma and Texas in an area called the Barnett Shale are producing billions of gallons of contaminated water which is now currently being disposed of in deep well injection operations at a high cost and the loss of billions of gallons of potentially reusable water.
In a world that is growing hotter and dryer, many believe the next wars will be fought over water. Latitude Clean Tech will play a role in dealing with these major issues on a local, national and global scale.
Boca Raton, Florida — (August 25, 2009) – Latitude Solutions, Inc. (“LSI” or the “Company”), trading symbol LATI.PK, has officially launched its website, http://www.lsiworldwide.com. The website contains detailed information regarding its publicly traded holding company, LATI.PK as well as comprehensive, specific information pertaining to the Company’s three operating subsidiaries, Latitude Clean Technology Group, Inc., GPS Latitude and Trinity Solutions, Inc. The individual company pages each contain links for more detailed information relevant to each company and their technologies.
The Company will continue to add additional content and categories of information and will provide for two-way communication between the Company and its end-users, as well as investor relations and news sites.
“The website creates a well designed and user-friendly interface and web presence which profiles LSI and also serves as a gateway to the Company’s subsidiaries,” said Harvey Kaye, Chief Executive Officer for LSI. Kaye further added, “We invite our shareholders and all other interested parties to view our website and welcome feedback so that we may to continue to meet the needs of our users.”
BOCA RATON, Fla., July 9 /PRNewswire-FirstCall/ — Latitude Solutions, Inc. (”LSI” or the “Company”), formerly GMMT, Inc., trading symbol (Pink Sheets: LATI – News) has finalized the acquisition of certain businesses through a subsidiary. The acquisition is expected to become effective on or about July 13, 2009. As a result of this transaction, the acquired business operations will be integrated into LSI, a public entity that changed its name to Latitude Solutions, Inc. in connection with the acquisition. Also effective July 9, 2009, LSI’s outstanding shares were reverse split on a one share for 23.1975 shares basis.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company’s technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company’s third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis.