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Boca Raton, Florida, Aug. 26, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies
Inc., (OTCBB:SHPR) announces the signing of an
Installation Agreement with Prestige Cruise Holdings,
Inc., with headquarters in Miami,
Florida. The Agreement will
focus, initially, on a two
vessel installation and certification of Poly Shield
Technologies Inc.'s newly developed DSOX-15 Fuel
Purification System. The Agreement will also allow
for DSOX-15 Fuel Purification System installations
on up to seven additional vessels. The
DSOX-15 system, with its revolutionary approach to
sulfur removal, is expected to comply with the
new emission regulations set to take effect in
January 2015. CEO, Rasmus Norling, commented: "This second Installation Agreement is further evidence of the market demand for the DSOX-15 Fuel Purification System
."
CEO, Norling, continued: "This Agreement
represents a second segment of the maritime industry, the cruise
line industry, where Poly Shield Technologies Inc.
intends to demonstrate the DSOX-15 Fuel Purification
System's economical emissions
compliance capabilities in a real time
operational maritime environment." The Company intends to update the public on all the installations and certification milestones of the DSOX-15 Fuel Purification System as we progress through the development process to compliance certification.
About Poly Shield Technologies Inc.:
Poly Shield markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.
Poly Shield's proprietary DSOX-15 Fuel Purification System is a cost-effective technology
designed to remove sulfur from fuel in
an effort to meet the upcoming sulfur emissions regulations due to
take effect in 2015. The technology is directly aimed at the
maritime industry which includes vessels for criuse-line, freight
shipping and tanker companies and can be installed during normal
vessel operation without the need to use expensive dry dock time.
The technology has a worldwide application that is not limited to
the maritime industry. The Poly Shield's Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics. They were tested and are in use in a number of different industries including marine, aerospace, oil field, industrial, commercial, and residential applications.
For further information about Poly Shield Technologies Inc. please visit the company's website at http://www.Polyshieldtechnologies.com.
On behalf of the Board of Directors
Rasmus Norling, Director and CEO
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Poly Shield Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Poly Shield Technologies Inc.'s Quarterly and Annual Reports filed with the United States Securities and Exchange
Commission (the "SEC").
Should one or more of these risks or uncertainties materialize, or
should any of Poly Shield Technologies Inc.'s underlying
assumptions prove incorrect, actual results may vary materially
from those currently anticipated. In addition, undue reliance
should not be placed on Poly Shield Technologies Inc.'s
forward-looking statements. Except as required by law, Poly Shield
Technologies Inc. disclaims any obligation to update or publicly
announce any revisions to any of the forward-looking statements
contained in this press release. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. No stock exchange, securities commission or other
regulatory body has reviewed nor accepts responsibility for the
adequacy or accuracy of this release. Investors are advised to
carefully review the reports and documents that Poly Shield
Technologies Inc. files from time to time with the SEC, including
its Annual, Quarterly and Current Reports.SOURCE Poly Shield Technologies Inc.
Post to be found at:
http://www.nasdaq.com/press-release/poly-shield-technologies-inc-enters-into-agreement-with-prestige-cruise-holdings-inc-for-multiple-installations-of-the-dsox-15-fuel-purification-system-20130826-00222
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