News
http://www.abtechindustries.com () —
AbTech Industries, Inc., a leading environmental technologies firm and
creator of the EPA-approved Smart Sponge@ water filtration technology,
is pleased to announce that its passive skimmer, absorbent boom and
portable filtration applications have been scientifically and peer
reviewed by the U.S. Coast Guard and were last month deemed
potentially beneficial to the Deepwater Horizon Response effort. That
designation has been forwarded by the U.S. Coast Guard to BP and
Deepwater Horizon's Federal On-Scene Coordinator (FOSC) for final
contract consideration.
AbTech has also formed strategic relationships with leading scale-up,
manufacturing, engineering, and deployment partners in order to build
immediate, large-scale response capabilities. In conjunction with BBG
Restoration, L.L.C., a company specifically formed to meet the near
and long-term recovery efforts needed in the Gulf, AbTech is able to
meet rapid mass deployment needs to protect vital coastal waters. BBG
Restoration is financially backed by Starwood Energy Group Global,
L.L.C., a leading private equity firm focused on energy and
power-related investments, and has the support of renowned
environmentalist Robert F. Kennedy, Jr.
Additionally, Clarus Capital Limited has committed a donation of
AbTech's Smart Sponge products in excess of $100,000 to support
crucial oil spill recovery efforts being carried out by Louisiana's
Plaquemines Parish. "Clarus has committed to making this donation to
demonstrate the efficacy of the Smart Sponge, a technology developed
in response to the Exxon/Valdez oil spill," said John Carrington,
managing partner of Clarus Capital Limited, adding that "The Gulf
tragedy has shown us all that a lack of preparedness in advance for
the immediate and massive deployment of proven technologies, such as
the Smart Sponge, is no longer acceptable."
"We have been working hard for several months to get our Smart Sponge
water filtration technology into the Gulf of Mexico," says Glenn Rink,
president of AbTech Industries, Inc. "Now that our technology has been
deemed beneficial by the U.S. Coast Guard, our hope is to see Smart
Sponge deployed as a part of the ongoing oil spill clean-up efforts as
soon as possible."
AbTech's Smart Sponge is a patented technology designed to filter,
absorb, encapsulate, and solidify petroleum hydrocarbons on contact,
yielding immediate, visible results; helping to mitigate environmental
damage; and providing direct and sustainable recovery for local Gulf
region communities. Each unit of Smart Sponge absorbs, on average, 3.5
times its weight in oil which it will not release under any amount of
pressure. Smart Sponge absorbent material is buoyant, non-toxic, and
can be burned as a waste-to-energy fuel source.
In addition to traditional oil spill remediation technologies
including booms and skimmers, AbTech's Smart Sponge is available in
several filtration system applications, including portable filtration
boxes that can be fitted to any size boat. Smart Sponge is a proven,
low-maintenance technology that is currently installed in more than
15,000 locations globally, including installations at the United
States Capitol Building, and multiple U.S. military installations.
For additional information, please visit www.abtechindustries.com
(http://www.abtechindustries.com)
About AbTech Industries, Inc.AbTech Industries, Inc. is an
environmental technologies firm dedicated to providing innovative
solutions to communities and industry addressing issues of water
pollutants and contamination. Its products are based on polymer
technologies capable of removing hydrocarbons, sediment, and other
foreign elements from still (ponds, lakes, and marinas) or flowing
(curbside drains, pipe outflows, rivers, and oceans) water. Smart
Sponge Plus contains an antimicrobial agent that is effective in
reducing coliform bacteria found in stormwater, industrial wastewater,
and municipal wastewater. AbTech's Smart Sponge technology is
installed in more than 15,000 locations and eight countries worldwide.
For more information please visit: www.abtechindustries.com
(http://www.abtechindustries.com)
About Clarus Capital Limited CLARUS CAPITAL LIMITED ("Clarus") is a
financial advisory and private equity merchant banking firm focused on
partnering with companies representing high growth potential. Clarus
leverages its global network of strategic allies towards providing
assistance in the areas of public listing, operational/aftermarket
support, capital raising, and strategic advisory services. The team at
Clarus has successfully partnered across a diverse arena of commercial
activities including clean-technologies, consumer-product industries
and resource sector opportunities. Clarus offers its worldwide network
of partnerships and expertise to finance and prepare companies for the
public markets not only in the U.S. but also in Frankfurt, London, and
Hong Kong. For additional information please visit:
www.claruscapital-hk.com (http://www.claruscapital-hk.com)
About Starwood Energy Group, L.L.C.STARWOOD ENERGY GROUP GLOBAL,
L.L.C. ("Starwood Energy"), an affiliate of Starwood Capital Group
Global, L.L.C. ("Starwood Capital"), is a private equity investment
firm based in Greenwich, CT, that specializes in energy infrastructure
investments. Founded in 2005, Starwood Energy is an active investor in
power generation, renewable energy and high-voltage power transmission
projects in North America. Starwood Energy has a portfolio of seven
natural gas fired power generation plants including Starwood-Midway, a
natural-gas fired peaking power plant recently commissioned in
California, a portfolio of high-voltage power transmission projects in
various phases of development and operations, and a growing portfolio
of solar power generation projects. More information can be found at
www.StarwoodCapital.com (http://www.starwoodcapital.com/) .

