OilDam Approved for Initial Deployment to Oil Spill

Thursday, July 22, 2010

TIE Technologies, Inc. and Geocomp Corporation announced that the British Petroleum PLC Houston Command Team and the U.S. Coast Guard approved initial deployment of the OilDam(TM) as a solution to keep leaking crude oil from away from the Gulf Coast shore. Separately, BP announced that it will give $75m worth of grants to Alabama, Florida and Mississippi to protect the environmentally sensitive coastline as the states respond to the worst oil spill in America's history.

The OilDam(TM) solution is designed to keep oil away from the shore, contain it and pump it into storage containers for recycling. At the same time, this fixed barrier blocks oil, and is ecosystem friendly by allowing water to pass back and forth through its base, maintaining tidal flows to support critical shoreline life. The system is unique in its diverse capabilities, utilizing manufacturing, fabrication and deployment techniques that have been well developed over the past 40 years.

www.tietechnologies.com

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