SOURCE: Planet Resource Recovery, Inc.

August 17, 2010 11:00 ET

Planet Resource Recovery, Inc. Completes Research Study on Precious Metals' Concentrates -- Validates New Technology That Separates Hard to Extract Precious Metals

New Mining Technology Industrial Unit Currently Being Designed for Construction to Be Deployed Early Part of Q4 2010

HOUSTON, TX--(Marketwire - August 17, 2010) - Planet Resource Recovery, Inc (PINKSHEETS: PRRY) is pleased to announce that the company has completed its research study of extraction and separation of precious metals from ore concentrates. Laboratory research and development has validated Planet's new mining technology as a viable method for the extraction and separation of targeted metal species that to date other technologies have been unable to extract. Based on the positive laboratory research results, Planet has commenced the system design, drawings, component specifications and materials procurement for construction of an industrial unit. The Company anticipates deployment of its first industrial unit at the early part of Q4 2010.

Planet's scientific staff developed a new proof of concept consisting of a multiple step process using current state-of-the-art mining technologies and the development of new techniques. The basic philosophy of Planet's approach is the recovery of all targeted species of metals, rendering revenue streams through the removal of metals and non-metals that are in the greatest concentrations of the target metals. Planet's Electro-winning process coupled with a Micro-Processor Control System -- proprietary processes developed by Planet to balance the chemistries and temperatures for the extraction and separation of the targeted precious metals. The Company has retained a process engineer specifically for this project that will administer and oversee the construction of the Industrial unit.

Planet scientific staff is currently assembling all research data results for the compilation of abstract for the submittal for Patent Protection.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is "Spearheading the Charge for the Maximum Economic Recovery of our Planet's Resources through New-Age Products and Technologies!" Technologies developed for and marketed, is the processes and technologies based on scientific research and understanding of silicon and siloxane sciences to enhance the recovery of the planet's resources including metals, minerals and hydrocarbons and to provide enhanced coatings resistant to metal corrosion. The thrust is to create new methodologies to optimize Oil & Gas production, maximize the harvesting of base and precious metals, the remediation of toxic heavy metal environmental contamination and the reduction or elimination of corrosion of metal through the use of proprietary with breakthrough technologies utilizing advanced science and chemistry to increase efficiencies, reduce costs, protect the environment and resources. The development of new chemical compounds and related processes to maximize efficiencies in the Oil & Gas Industry, Mining Industry, Environmental Cleanup Industry and Corrosion Industry through environmentally-friendly, cost-effective and profitable platforms that are considered "disruptive technology" and will usher in new paradigm shifts in industry. Presently, the company is primarily focused on four distinct markets: 1) Oil & Gas Industry, 2) Remediation of industry toxic metals & byproducts, 3) Mining of base and precious metals and 4) Metal Corrosion Industry. The company has developed the proprietary compounds and is currently developing their related processes that will result in new technologies and methodologies for industry. For more information visit: www.planetresource.net.

"Safe Harbor Statement"
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report for the year ended December. 31, 2009, the Company's Quarterly Report for the First quarter ended March 31, 2010. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Contact Information

  • Contact:

    Planet Resource Recovery, Inc.
    Investor Relations:
    Jillian Young
    1-877-878-5333
    Email Contact