Innovative Environmental Technologies, Inc And PeroxyChem, LLC Enter Into Exclusive Technology License
PeroxyChem, LLC (PeroxyChem) and Innovative Environmental Technologies, Inc. (IET) announced today they have entered into an exclusive technology licensing agreement for PeroxyChem's proprietary In Situ Geochemical Stabilization (ISGS) Technology. Under the agreement, PeroxyChem has exclusively licensed the technology and the United States Trademark "ISGS" to IET.
PHILADELPHIA - Sept. 30, 2016 - PRLog -- ABOUT THE TECHNOLOGY: In Situ Geochemical Stabilization (ISGS) entails the use of modified permanganate solutions for the purposes of mass removal and flux reduction (i.e., NAPL stabilization)
The technology provides both mass removal and mass stabilization. To achieve these objectives, the delivery of the ISGS material must be effectively distributed to the targeted zone(s) so as to facilitate the formation of the Birnessite-like crust. Birnessite is an oxide of Mn and Mg, along with Na, Ca and K with the composition:
"We believe that IET is best positioned to market and implement our very important technology. Over the past several years IET has manufactured and injected nearly 500,000 gallons of the ISGS to numerous sites across the United States and Canada," said Bruce Lerner, CEO, PeroxyChem. "In entering into this agreement, we are pleased to further our strategic relationship with IET."
"The ISGS technology further positions our company as a technology leader, providing both in-house patented technologies and licensed technologies. IET looks forward to providing the ISGS technology to our customers as an economical alternative to traditional stabilization processes," said Michael Scalzi, President of IET.
About PeroxyChem, LLC
PeroxyChem is a global leader in peroxygen and adjacent chemistries. The company employs approximately 550 people throughout the world, with facilities in North America, Europe and Asia. With an unyielding commitment to safety at its core and backed by an exceptional team, the company prides itself on exemplary customer service, product quality, reliability and technical service. PeroxyChem manufactures high quality products and innovative applications developed as a result of innovation and superior technical expertise. We supply customized chemistries for electronics, energy, environmental, food safety, pulp, paper, polymer, and other industrial and consumer markets.
About Innovative Environmental Technologies, Inc.
Innovative Environmental Technologies, Inc. (IET) is the oldest and most respected remedial contractor providing patented and licensed in-situ injection services in the United States. Formed in 1998, IET provides turn-key design and implementation services to environmental consulting companies. Since 1998, IET has designed and implemented over 1,000 in-situ remediation projects. IET is committed to providing the most appropriate and cost-effective technology-based solutions for a wide variety of impacted soils and groundwater. IET's fifteen in-house patented, patent pending and licensed technologies allow for the in-situ treatment of chlorinated solvents, petroleum hydrocarbons, pesticides and heavy metals.
Michael Scalzi, President
Innovative Environmental Technologies, Inc.