21st Century Technologies, Inc. will provide additional special application magnets to Titan Maritime, Inc. for its Hot Tap drill system
. Titan Maritime is a Florida
-based salvage company with major operations in the U.S., U.K. and Brazil.
"We are excited about our cooperation with Titan Maritime," says Arland Dunn
, Chairman and Chief Executive Officer of 21st Century Technologies, Inc. "We are providing a portable platform for their drill system. This is a slightly different application than our best-selling patches SeaPatch and ProMag, and should therefore further broaden our market potential."
By using patented magnetic adhesion, Trident
's magnetic patches, SeaPatch (for leaks in ships and underwater structures) and ProMag (for all other leaks) quickly and safely stop virtually any leakage. Whether the leak is on an open-ocean tanker, inland waterway bridge, railway tanker, remote pipeline or shore storage tank, Trident's versatile patches save time and money by stopping leaks before they get out of hand. Trident's clients include Bayer (NYSE:BAY), Cabot (CBT)
(NYSE:CBT), Basf (NYSE:BF) and Exxon Mobil (XOM)
"In addition to serving large corporations who want to prevent financially disastrous leaks, we are also getting increased attention from the homeland security related agencies. For example, if local fire stations decided to include our ProMag patches in the toolsets, this would dramatically increase their preparedness and ability to contain potential hazardous leaks arising from terrorist activities or other local accidents involving leaks. This is becoming a very important issue," Dunn says.
SeaPatch and ProMag provide a fast, tight and effective seal on any container vessel capable of magnetic adhesion. They are ideally suited for both open ocean and inland waterway ships and barges, and can also be used in a multitude of industrial settings and transportation systems where hazardous materials (hazmat) are manufactured, stored, handled or shipped. Hazmat specialists particularly like the way ProMag can be used to quickly stop railway tank car ruptures, one of the hardest and trickiest to deal with in and during a spill-on emergency.