- Approximately one liter of fuel is extracted from a kilogram of plastic.
- The gas byproduct provides the energy necessary to fuel the process thereby eliminating energy costs.
- Due to our catalyst and a highly optimized process, fuel can be extracted in four hours from a large source of raw unwashed, mixed plastics.
- Raw plastic materials can be acquired in many forms at little or no cost.
310 Holdings Inc. Files Patent Application for Plastic2Oil Technology
NIAGARA FALLS, Ontario, July 9, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB: TRTN) today announces it is filing a patent application to protect the Company's Plastic2Oil process and technology.
310 Holdings Inc. has developed a process to break down plastic molecules in order to extract fuel from plastic: Plastic2Oil. This procedure utilizes a process and catalyst that is not presently commercialized.
John Bordynuik, 310 Holdings Inc. President and CEO said, "As soon as our patent application has been accepted by the USPTO and as soon as we receive the gas chromatograph, we will demonstrate our technology on a small scale with our small Plastic2Oil processor. We believe this will adequately disclose and affirm the viability of our Plastic2Oil process by exhibiting the low processing time and high yield."
The Company is looking forward to the following schedule of events:
* July 14, 2009: The gas chromatograph is scheduled to arrive at
310 Holdings Inc.
* July 15, 2009: Anticipated closing date of Asset Purchase Agreement
from John Bordynuik Inc.
* July 16, 2009: Large Batch Plastic2Oil Processor Machine leaving
port from China to North America
* August 1, 2009: 310 Holdings Inc. is scheduled to receive the keys
for our new Massachusetts office at 500 Technology Square,
* August 13, 2009: Anticipated arrival date of Large Batch
Plastic2Oil Processor from China.
"We are very excited to have our own in-house analysis lab so we can dynamically change the variables within our small processor to quickly perfect the process and determine processing time and yield," said Mr. Bordynuik.
By integrating this technology into a large batch processor, the Company believes that it can accomplish the following:
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. Management has commenced operations with Plastic2Oil, a process and service that extracts fuel from plastic. 310 Holdings Inc. is incorporated in the State of Nevada and is publicly traded on the NASDAQ OTCBB under the symbol "TRTN".
For more information, please see http://www.310holdings.com and http://www.johnbordynuik.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of 310 Holdings Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: 310 Holdings Inc.
John Bordynuik, President and CEO
+1 (289) 296 - 5538