Fort Lauderdale, Florida, March 24, 2014 (GLOBE NEWSWIRE)
Poly Shield Technologies Inc., (OTCQB:SHPR) announces that as part of its Agreement with Rasmus Norling CTO, patents on the DSOX-15 Pre-Combustion Fuel Purification System Technology are being transferred to Poly Shield Technologies Inc.. These patents are part of the on going development and performance enhancements to the DSOX-15 Fuel Purification System. Rasmus Norling, CTO commented “The patents that are being transferred are a result of many months of development and the Company’s ability to test real time modifications and assess the value to the performance of the DSOX-15 Fuel Purification System prior to filing for patent protection saving both time and money.” The Company is intending to schedule additional tests for the DSOX-15 Fuel Purification System Technology with the enhanced modifications over the coming months as they are incorporated into the DSOX-15 Fuel Purification System.
About Poly Shield Technologies Inc.:
Poly Shield Technologies Inc., develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market. Poly Shield Technologies Inc.’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 currently aimed at the maritime industry which includes vessels for cruise-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. http://www.polyshieldtechnologies.com
The Poly Shield’s Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics and in use in a number of different industries applications.
On behalf of the Board of Directors, Rasmus Norling, Chairman / CTO
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.