Anviron JV Lab Awarded Reclamation Modeling Contract
IRVING, Texas--(BUSINESS WIRE)--The Anviron Holding Company (Pinksheets:ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, announced today that its Joint Venture laboratory has signed a first of its kind MOU for reclamation modeling and carbon credit analysis with the Nigerian National Petroleum Corporation.
The initial contract will focus on developing a complex environmental model for three project sites scheduled for reclamation over the next two years. TerraSolve/LIA will expand services once the initial modeling is complete to incorporate reclamation geological, geophysical and carbon credit analysis. The agreement also includes a provision for data management services and an enhanced application for workflow support.
"Most environmental remediation vendors struggle to simulate the complex environment of an environmental remediation operation in real world conditions. Our state-of-the-art environmental modeling gives us access to real-world data in a real-world setting," stated Antonio Mussino, General Manager of IT Services – TerraSolve/LIA. "As an international leader in the production of petroleum products, our client needs a comprehensive analysis tool for their geoscientists and engineers to help optimize decision making," said Wolfgang Hunterbok, senior Analyst for TerraSolve/LIA. "We are excited to have this opportunity for a long term agreement as our client begins to develop remediation strategies for the coming years."
TerraSolve/LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing. This contract once again redefines the working envelops of the capacity of the TerraSolve/LIA laboratory by branching out into secondary industries. The petroleum remediation industry is estimated to be $360 billion in size of which $112 billion is estimated to be Design, Analysis, Engineering and Pre-remediation services.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com.
This press release contains forward-looking statements regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
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