Palingenesis owns and operates though its subsidiary Company, Pathogenesis Inc; operating as Gennix/Pathogenesis, (www.gennixinc.com)
Pathogenesis Inc. was incorporated in 2005, however due to the prolonged licensing procedures in the Philippines the permits to operate were not issued until early 2008 at which time Pathogenesis began operation.
During the past 16 months Pathogenesis has enjoyed rapid growth. From virtually nothing in 2008, Pathogenesis now controls approximetly 55% of the hospital waste market in Metro Manila and a substantial market share of the locative industrial and commercial hazardous and toxic waste business as well
During its brief 16 months of operation Pathogenesis has seen the hospital processing fees drop from 18 Pesos per Kilogram to 13.5 per Kilogram. This has had an extremely adverse effect on our competition however it has not affected the profitability of Pathogenesis. The Proprietary Palingenesis Process not only treats hospital waste but all types of industrial and commercial hazardous and toxic waste as well with tipping fees ranging from 15 Pesos to over 40 Pesos per Kilogram and because of this, the average tipping fee of all of the combined waste treated by Pathogenesis is over 17 Pesos per Kilogram.
By April 2010 Palingenesis believes that the Value of Pathogenesis Inc. will be will over 177,000,000 Pesos and it is anticipated that the company will initiate an IPO for Pathogenesis Inc. within the local Philippine market with Palingenesis remaining the principal shareholder. With the additional capital, Pathogenesis Inc. plans to expand to other regions of the Philippines adding grater value to the company and its principal shareholder, Palingenesis Manufacturing Inc.
About Palingenesis Manufacturing Inc/ Pathogenesis Inc;
Palingenesis Manufacturing Inc. (www.palingenesismfg.com)
Palingenesis began developing its process technology over seven (7) years ago and after thousands of trials and hundreds of laboratory tests on a wide range of diverse waste streams, carried out using the Palingenesis proprietary chemical mixtures/formulas and additives the company can state with authority that its process and machinery have no peers, either in the ability to treat the various waste streams or operate at positive cash flow.
Palingenesis has fully proven tested and verified formulas that effectively treat the majority of different types of hazardous and toxic and non hazardous and non toxic waste materials and convert them into useable by-products that are not only safe for the environment but also economically viable. Palingenesis has spent in excess of PHP200 Million in developing the equipment and technology that can produce environmentally sound and cost effective results which today's global market demands.
The Proprietary Palingenesis Process went though over 10 months of rigorous testing and evaluation by Industrial Technology Development Institute, the Environmental Division of the Department of Science and Technology of the Philippine Government. The ITDI concluded that the Palingenesis Process lives up to its claims of being able to successfully treat MSW and most types of industrial and commercial hazardous and toxic waste.
“The percentage of retained heavy metal concentration levels demonstrates that the application of the Palingenesis Process resulted in high efficiency in excess of 99.9%.The Palingenesis Process meets and exceeds all U.S. EPA, TCLP and SPLP standards as well as all US, European and Asian air emissions and noise regulations”
We, at Palingenesis, know that the world is now demanding a proven environmentally safe and commercially viable method for the treatment of MSW and hazardous and toxic waste which runs into billions of tonnes generated annually throughout our ever shrinking world. Palingenesis stands at the forefront of being not only a manufacture of proprietary waste treatment and processing equipment, but also a technology provider for ongoing development of environmentally friendly treatments for all types of waste. Palingenesis currently has 7 Patents pending for machine design and waste processing applications.
The problems facing municipalities and the commercial generators of waste world wide are escalating and Palingenesis offers a sound, commercially viable and environmentally safe solution.
Palingenesis owns and operates though its subsidiary company, Gennix/Pathogenesis Inc. (www.gennixinc.com)
At Palingenesis, we have assembled a professional team "TEAM PALINGENESIS"
Team Palingenesis is committed to living up to the meaning of its company's name, Palingenesis:
Safe Harbor Statement: Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates,"
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