Poly Shield Technologies Inc. announces the signing of 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. to demonstrate it’s DSOX-15 Fuel Purification System’s capabilities in a real world environment.”
The Company intends to update the public on the installation and certification milestones of the DSOX-15 Fuel Purification System as we progress through the development process to compliance certification.
[mappress] Poly Shield, July 25, 2013