SANTA ANA, Calif., April 30, 2013 /PRNewswire/ -- SUTIMCo
International, Inc. (OTC Pink: SUTI), a multi-project business
accelerator Company, is pleased to announce the company's outlook
and technology focus for 2013. Last year proved out to be very
challenging, however, very informative. After reviewing over 2,000
major university technologies, management decided to center its
attention around 4 very promising technology sectors based on
Quality of Life, Long Haul Trucking, Water and Oil & Gas.
SUTIMCo's financing group lead by Jeff
Vivian has spent the past year seeking investors interested
in early stage university technologies. Based upon their input and
specific areas of interest, management has decided to focus on the
environmental, health and quality of life industries. The
Company feels that the key element of success in our business is to
"make the cloth fit" and that is what we have done at SUTIMCO
during the past six months.
The 4 technology sectors that have been organized into business
units are: (1) Water, (2) Oil and gas remediation and
extraction, (3) Trucking equipment & Bio-Lubricants and (4)
Quality of life.
Water Technologies – Water stress is a World
problem. This business unit is currently lead by the
"Acid Rock Drainage" technology that the Company previously
announced on November 8th,
2012. This patented solution will allow mines to apply a coating
prior to the extraction which will prevent Acid Mine Drainage (AMD)
and ultimately the negative impact to our lakes, rivers and
streams. The Water Technologies Unit will also include proprietary
technologies for the filtration and purification of water, the
treatment of sludge and desalinization of sea water. A pilot
project is being considered for the sludge technology. Discussions
are currently under way with investors and strategic
partners.
Oil and Gas Remediation – Currently this business unit
consists of two very promising and proven technologies. The first
technology, "Fracasound" provides real time accurate
acoustic geographical mapping for monitoring hydraulic fracture
treatments. This proprietary technology applies a novel signal
process using input from conventional geophone arrays which allows
the operator to identify and pinpoint events of interest such as
rock fractures and well stimulation pumps. The second technology,
"Thru-Flow Wax Control" applies a proprietary and effective
treatment of wax buildup in pipelines and oil wells which is an
enormously expensive problem for oil producers around the
world. According to the US Department of Energy, "thousands
of wells have been abandoned prematurely leaving in some instances
up to 90% of the oil" in the formation because of paraffin
blockage. Currently SUTIMCO is examining approximately 6 additional
technologies from which it will chose an additional two for the
business unit.
Trucking Equipment & Biodegradable Lubricants – This
business unit consists of 4 proprietary technologies all centered
around environmental safety and the reduction of fuel costs for the
trucking industry. The first technology "Liberty Lube" will produce a 100% non-toxic
and biodegradable cost effective line of lubricants, engine oils,
greases and transmission fluids. It is estimated that the size of
the bio-based lubricant market will reach $2.3 billion in 2017, from $1.7 billion in 2007. The second technology,
"Spray Rite" is a new fuel injection device that accurately
controls the air-fuel mixing process for SI, CI and HCCI engines
resulting in higher fuel efficiency and low hydrocarbon and carbon
monoxide emissions. The market for energy efficient internal
combustion engines (ICEs) reached and astounding $121 billion in 2011 and expected to continue a
19% growth rate through 2021. The third technology "Dragon
Fire" significantly reduces aerodynamic drag improving fuel
efficiency of tractor trailers and the fourth technology
"MoniTire" brings smart tire technology to the market place
and will allow trucks to reduce rotational drag. Currently an
advisory council is being created and we have an investor we will
be presenting the unit to within the next 90 days.
The "Quality of Life" business Unit anchored by the
Salad Box and "Chairs by Julio" is being presented to
investors over the next few weeks and will announce an update on
the results within the next 30 days.
We have had very preliminary interest from investors in our
Health Care Unit and our Food and Food Safety units – and as
resources allow and the investor interest increases we will be
following up with these units as well.
"2012 allowed us to lay the foundation necessary to have the
technical base to interest serious investors, 2013 will be about
closing the sale" said SUTIMCO CEO Fred
Rogers. "We want to thank our investors for their
support and patience during this year while we positioned ourselves
to monetize the technology world we are a key player in"
About SUTIMCo International, Inc.:
SUTIMCo International, Inc. is a holding company, which utilizes
a unique and established platform to launch new technology
enterprises based on world-class university research discoveries.
SUTIMCo International through its wholly owned subsidiary SUTIMCo,
Inc. provides experienced management to early stage companies,
reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo
can avail itself of the encyclopedic, informal knowledge of the
inventor, his experience and his research team.
SUTIMCo's robust portfolio of relationships with prestigious
American universities is unique and strategic. North American
universities invest over $42 billion
in science and technology research, with about 15,000 new
technologies disclosed annually. SUTIMCo's portfolio of technology
and innovation start-ups, in partnership with more than two-dozen
of the nation's premier research universities, includes
technologies and products in the pre-funding stage and projects in
the development process. Each of these business entities is being
advanced by the SUTIMCo management team and methodology.
Safe Harbor
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The Company intends that such statements about the Company's future
expectations, including future revenues and earnings, technology
efficacy and all other forward-looking statements be subject to the
safe harbors created thereby. The Company is a development stage
company who continues to be dependent upon outside capital to
sustain its existence. Since these statements (future operational
results and sales) involve risks and uncertainties and are subject
to change at any time, the Company's actual results may differ
materially from expected results.
Investor Relations
714-333-9445
SOURCE SUTIMCo International, Inc.
