Poly Shield Technologies Net Fuel Purification Contract
Florida- based Poly Shield Technologies Inc., sign an installation agreement with LMS Shipmanagement Inc. a wholly owned subsidiary of International Shipholdings Corp., ISH NYSE. The agreement will focus, initially, on a two vessel installation and certification of its newly developed DSOX-15 Fuel Purification System. The agreement will also allow for DSOX-15 system installations on up to an additional 40 ships. The DSOX-15 system, with its new approach to sulfur removal, is expected to comply with the new emission regulations set to take effect in January 2015. CEO, Rasmus Norling, commented, "This Development Agreement with LMS is a significant step forward in achieving our Company's business goals and allowing Poly Shield Technologies Inc.
Poly Shield Launches New Sulfur Treatment System
Poly Shield Technologies Inc. announced the launch of its DSOX-15 system. The system, with its new approach to sulfur removal, is expected to enable ship operators to efficiently and economically comply with the new 2015 emission regulations set to take effect in January 2015. Poly Shield intends to enter into a limited number of certification installation agreements with well-known operating companies to showcase its technology in three specific maritime sectors: Cruiselines, Freight/Cargo and Tankers. Poly Shield saqid it is currently engaged in negotiations and will update the public upon the solidification of any agreements.
