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MIPSolutions, Inc. Announces Increased Capacity for its Proprietary AuAg MIP Bead(TM)
SPOKANE, Wash.-(Business Wire)-September 4, 2008 - MIPSolutions, Inc. (OTCBB:MSOL), a Nevada corporation with offices in Spokane, WA, today announced that it has dramatically improved the capacity of its proprietary AuAg MIP Bead™ used to extract gold and silver from gold mining water-based process effluents that contain a myriad of metal molecular constituents. Third-party laboratory analyses have verified that the Company’s recently developed MIP (Molecularly Imprinted Polymer) bead has been improved by increasing its capacity for gold by a factor of over five.
The AuAg MIP Bead™ is especially valuable for processing of gold ores contaminated with mercury. Nevada gold mines produce approximately 75% of the gold output of the U.S. Presently, many gold ores found in Nevada contain non-negligible levels of mercury, which are vaporized during a process called retorting. The lower boiling point of mercury allows it to be separated from gold which has a much higher boiling point. This practice has been used for many years in the gold mining industry; however, it is increasingly coming under scrutiny by the EPA because mercury vapors can become atmospheric emissions and thus harmful to the environment. The Company’s AuAg MIP Beads are the essential part of a room-temperature filtering system that is used to isolate gold and silver from remaining contaminants like mercury without creating any harmful emissions or pollutants.
“The demonstration of increased gold capacity as well as its high selectivity for gold has shown that AuAg MIPs are superior to decades-old technologies such as mercury retorting,†said Dr. Glen Southard, Chief Science Officer of MIPSolutions.
About MIPSolutions
MIPSolutions provides innovative solutions for the recovery of hazardous metals (e.g., mercury, lead, and arsenic, etc.) from waste and drinking water sources and precious metals (e.g., gold and silver) from gold mining processes and effluents. Specific applications include separating gold and silver from ore contaminated with mercury or other toxic metals. The technological underpinnings of MIPSolutions is based on molecularly imprinted polymers (MIPs) – a clean-tech technology ready for commercialization after years of research funded by the military and John Hopkins University.
For more information please call Jeff Lamberson at 509-279-0836
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements.
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