Stock Research 2000 May Profile
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NuElectric Corporation - Trading Symbol OTCBB: NRGE
Shares Outstanding: 4.1 Mil
Est. Shares in Float: 500 K
Long Term Debt: None
Recent Stock Price: $1 1/2
52 Week Price Range: $3/8 - 2 3/4
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**** News Flash ****
NuElectric to Acquire Zorax Inc.
Johns Hopkins University Technology Extracts Cryptosporidium and Giardia from Drinking
Water.
May 3, 2000--NuElectric Corp. (OTC BB:NRGE), an incubator for new technologies that
conserve energy and protect the environment Wednesday announced that the company has
signed a letter of intent to acquire Zorax Inc. and the exclusive worldwide license to
manufacture and market a proprietary process technology that improves the extraction
of Cryptosporidium and Giardia from drinking water.
Under terms of the agreement, NuElectric will acquire 100 percent of the issued and
outstanding stock of Zorax in exchange for 1 million shares of NuElectric. Johns
Hopkins University will also receive shares of NuElectric stock as part of the above
transaction. A definitive merger agreement is scheduled to be signed by July 31, 2000,
pending corporate review and approval.
********************
Did you know that the EPA is about to dramatically lower the arsenic count in water?
You may say, "well how in the world does this apply to me?" Well it does. Almost
everything that you deal with has some link to water in some way shape or form.
Refining water will become more expensive and the products that you buy that depend on
water will become more costly. Imagine a company that will be able to remove the
necessary amounts of arsenic at a fraction of the cost that other companies charge.
NuElectric is a company that will do just that. A lady by the name of Dagmar Bonnin,
developed an innovative, versatile, and less expensive process while working as a
professor at the University of South Florida. Her technology will easily reduce the
contamination to a much lower level specified by the government, thereby helping to
maintain safe water supplies at an affordable price.
Trace quantities of arsenic occur naturally in surface and groundwater supplies in
many areas of the country; particularly in the Midwest. But that's not the major
problem. Arsenic has many industrial uses, such as hardening of copper and lead
alloys, pigmentation in paints and fireworks, and the manufacture of glass, cloth, and
electrical semiconductors. In the past, it was also used in the production of
agricultural pesticides including herbicides and insecticides, and in desiccants, wood
preservatives, and feed additives. The runoff from these uses as well as the leaching
of arsenic from waste generated by them has caused increased levels of soluble arsenic
in the nation's water supplies.
Modified Zeolite Minerals
Dr. Bonnin's process of removing the arsenic uses modified Zeolite minerals, which are
common, readily available alumina-silicate minerals. The modification involves
exposing the zeolites to concentrated ferrous aqueous solutions to form an iron-laden
Zeolite mineral, thereby increasing the zeolite's affinity for arsenic. When contact
is made between contaminated water and the zeolites, the zeolites act as sorbents,
chemically bonding with the arsenic, and are then removed. The minerals can be used in
a column as a filter, or they can be prepared in powdered form and used in an existing
water treatment plant.
Advantages over Other Processes
- Bonnin's process is superior to existing methods in several ways.
- The Zeolite process removes both forms of arsenate and arsenite.
- No need for the additional steps and expenses of oxidation.
- No expense for disposal.
When compared to other specific methods, Bonnin's process has a variety of advantages.
For example, activated alumina is used in one such method, but in order to make it
economically feasible, reconditioning of the sorbent for subsequent reuse is
necessary. This process itself creates a hazardous solution that requires further
treatment and, ultimately, the expense of disposal. Activated carbon and flyash can
also be used, but activated carbon has a limited natural capacity for arsenic species
and is expensive. In the case of flyash, a waste product produced in large quantities
at coal power stations, the properties of any given batch of flyash depend on the
particular fuel in use. As a result, quality control and the flyash's capacity for
arsenic species are difficult to maintain. Also, because flyash is produced only in a
powdered form, it has limited application in column separation.
One of the key advantages of Bonnin's method is related to both cost and safety.
Because the zeolites are inexpensive, they do not have to be reused to make the
process economically viable and because the arsenicladen zeolites that are the end
product have passed the EPA's Toxicity Characteristic Leaching Procedure Test, they
can be simply and safely disposed of in a non-hazardous waste landfill.
In summation, when looking at the alternatives, you realize that Dr. Bonnin has come
up with the most realistic solution. NuElectric is positioning itself to accommodate
the water industry’s needs. NRGE has also identified other potential technology
acquisitions for the future.
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****** DISCLAIMER ******
This material is being provided by Stock Research 2000, an electronic newsletter paid
by the issuer for publishing the information contained in this report. Euro Media,
Inc. has paid a consideration of 6,700 free trading shares of common stock of
NuElectric Corporation to Stock Research 2000 as payment for the publication of the
information contained in this report. Stock Research 2000 and its affiliates have
agreed not to sell the common stock received as payment for its services until May 23,
2000, which date is 15 days from the initial dissemination of this report. After such
date, Stock Research 2000 may sell such shares. Because Stock Research 2000 is paid
for its services, there is an inherent conflict of interest in Stock Research 2000's
statements and opinions and such statements and opinions cannot be considered
independent. The information contained in this publication is for informational
purposes only, and not to be construed as an offer to sell or solicitation of an offer
to buy any security. Please be advised that NuElectric Corporation is not offering
securities for sale to persons in California or Minnesota. Stock Research 2000 makes
no representation or warrant relating to the validity of the facts presented nor does
Stock Research 2000 represent or warrant that all material facts necessary to make an
investment decision are presented above. All statements of opinions are those of Stock
Research 2000. Stock Research 2000 relies exclusively on information gathered from
public filings on featured companies, as well as, in certain circumstances, interviews
conducted by Stock Research 2000 of management of featured companies. Investors should
not rely solely on the information contained in this publication. Rather, investors
should use the information contained in this publication as a starting point for
conducting additional research on the featured companies in order to allow the
investor to form his or her own opinion regarding the featured companies. Factual
statements contained in this publication are made as of the date stated and they are
subject to change without notice. Stock Research 2000 is not a registered investment
adviser, broker or a dealer. Investment in the companies reviewed is speculative and
extremely high-risk and may result in the loss of some or all of any investment made
in NuElectric Corporation. Projections of future financial results are provided solely
by NuElectric Corporation. No assurances are given that NuElectric Corporation will
achieve said projections. This publication contains forward-looking statements that
are subject to risk and uncertainties that could cause results to differ materially
from those set forth in the forward-looking statements. These forward-looking
statements represent the judgment of NuElectric Corporation as of the date of this
publication. The Company disclaims any intent or obligation to update these
forward-looking statements.
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