MetaFLO Technologies Inc.

MetaFLO Technologies Inc.

November 22, 2010 07:00 ET

Australian Firm Makes Investment in Canadian Clean Technology

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) - MetaFLO Technologies Inc. is pleased to announce the recent commercial relationship for their solidification equipment and reagents with Bettergrow PTY based in Australia. Bettergrow PTY Ltd has purchased several pieces of MetaFLO equipment in order to process various liquid waste streams in Australia. Bettergrow will utilize the MetaFLO process to solidify drilling mud and depending on the original waste, mix the treated material into various soil conditioners. This process will not only divert some of this waste stream from being disposed of in landfills but create a beneficial re-use for the drill mud.

Neil Schembri, Managing Director of Bettergrow, stated, "Bettergrow is very happy with its recent purchase of MetaFLO technology to target the management of both isolated and contaminated drilling sites along Australia's eastern sea board, focusing on soft solidification technology for environmentally safe disposal of drilling residuals unsuitable for land application. Bettergrow believes it can offer greater value within what has become a highly regulated and costly management environment for drilling contractors".

"A cost effective and more environmentally sound solution for managing these waste streams is significant progress. Waste diversion and minimization are universal objectives," stated Andrew McNabb, CEO of MetaFLO.

MetaFLO Technologies has a disruptive and proprietary process to solidify liquid industrial wastes reducing; costs, environmental impacts, waste volumes and liabilities. MetaFLO develops, manufactures and markets these solutions for the treatment of liquid industrial waste which provides better performance at a lower overall cost. This multi-billion dollar market is facing intensifying scrutiny and regulation creating demand for environmentally safe and cost effective solutions. Current focus is on wastes generated in; Horizontal Directional Drilling, Oil and Gas drilling mud and Industrial Waste Water Treatment facilities. Additional opportunities exist in other liquid waste streams and internationally.

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