Press release from PR Newswire
Terra Systems, Inc., Utah State University and Nucor Corp. to Begin Clean Coke Testing
Tuesday, September 14, 2010
TERRA UPGRADES REPORTING STATUS
HELPER, Utah, Sept. 14 /PRNewswire-FirstCall/ -- Terra Systems, Inc. (Pink Sheets: TSYI) announced that it has received a grant from Utah State University Energy Dynamics Laboratory to fund the start up of its clean coke testing facility. Terra Systems has received a purchase order form Nucor Corporation Inc. (NYSE: NUE) to produce a pilot run to be tested at the Nucor facility in Plymouth, Utah. The grant was awarded after successful bench scale testing in a commercial manufacturing application.
Dr. Robert Behunin, Special Assistant to the Utah State University President stated: "Terra Systems, Utah State University Energy Dynamics Laboratory and Nucor Corporation are pleased to announce the next phase of their ongoing partnership. In an effort to continue research and development on clean coal technologies and in an effort to find new and innovative ways to enhance local economic and educational development on Utah State University's College of Eastern Utah Campus, Terra Systems, Utah State University and Nucor have entered into an agreement to produce charge carbon as a demonstration scale test. The carbon product will be generated at the Terra Systems facility located in Helper, UT and the product will be shipped to Nucor's facility in Plymouth, UT for testing."
USU-CEU Chancellor Joe Peterson notes: "This activity signals significant progress in the Terra Systems production capabilities. With Utah State and Nucor as demonstration and development partners, future opportunities for expanding capacities and capabilities will be realized. Our association with Terra Systems, Inc. through the Utah State University College of Eastern Utah provides the backbone to allow for product development and manufacture in rural Utah. This association will help create jobs in areas that have been adversely impacted by the current economy."
In addition, Terra has upgraded to Current Information status on the Pink OTC Markets. This will enable Terra to provide timely financial information to shareholders.
Headquartered in Helper, Utah, Terra Systems, Inc. is a public Company, registered in the State of Utah and engaged in research and development of systems to process material in a bulk state. Using a pneumatic accelerator system in conjunction with other evolving pilot technologies, the company is in the process of demonstrating clean carbon production products. It is designing production scale projects based on these developments.
Note: Certain statements contained herein may be forward-looking statements within the meaning of federal securities laws and Terra Systems, Inc. intends that such forward-looking statements be subject to the safe-harbor created thereby. Forward-looking statements include Terra Systems, Inc. expectations as to the managing and marketing of its businesses within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Actual results may vary materially from such expectations. Words such as "expects," "anticipates," "targets," "goals," "projects," believes," "seeks," "estimates," variations of such words, and similar expressions are intended to identify such forward-looking statements. Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward-looking. Although Terra Systems, Inc. believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors. Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this statement.
SOURCE Terra Systems
For further information: Clayton Timothy, +1-435-472-4725, email@example.com, for Terra Systems, Inc.