SEATTLE, WASHINGTON--(Marketwire - March 6, 2013) - Peptide Technologies, Inc. (OTCBB:PEPT)(OTCQB:PEPT), an organic coatings company specializing in underwater applications is pleased to report that ASI Group Ltd., on behalf of Ontario Power Generation Niagara Plant Group, has completed its six-month evaluation report of its patent-protected proprietary organic anti-fouling coatings formula to prevent the attachment of hard fouling agents of treated structures in the Great Lakes area. ASI showed that the Company's coatings showed significantly fewer settlement stage mussels during the 2012 reproductive season and were successful in preventing settlement on treated plate surfaces. Testing was conducted from June 6, 2012 - December 8, 2012 in Lake Moodie, Ontario, Canada. Peptide Technologies' organic paint coating was applied to a rack system and submerged for a period of six months. During the trial, treated and control panels were periodically pulled up out of the water and examined for the presence of zebra / quagga mussels. ASI Group Ltd. concluded that Aquanatural showed considerable promise as an anti-fouling paint in preventing the attachment of mussels in the freshwater environment. The Company's coatings are deemed to be non-hazardous and non-toxic and as a result are classified as a non-dangerous good. More information and detailed photographs about this study can be found at www.peptidetechnologiesinc.com/test-site-results/great-lakes/.
About ASI Group
ASI Group Ltd. was founded in 1987 as Aquatic Sciences Inc. by a small team of industry professionals committed to providing integrated engineering, ecological and marine services to clients worldwide. In the late 1980's, ASI gained a global reputation for their proactive response to the zebra mussel infestation of the Great Lakes. ASI has the distinction of being the first to perform a chlorination treatment for zebra mussels in North America. To complement the successful zebra mussel program, remotely operated vehicles (ROVs) were introduced to ASI's list of services during the early 1990's. This allowed for the team to inspect underwater areas that a diver simply could not access due to safety, space or depth issues. The acquisition and operation of the ASI Mantaro ROV earned the company an esteemed place in the Guinness World Book of Records. This vehicle stands alone as the world's only ROV capable of traveling 10 km (6.2 mi) in distance from a single access point. ASI has completed inspections of a 120 km water supply tunnel in Finland, 9.8 km tailrace tunnel in New Zealand and an 8 km head race tunnel in Chile. ASI is a full-service engineering and technology based company with a focus on all aspects of underwater infrastructure inspections, maintenance, repair and the design, build and operation of water and wastewater treatment facilities. Presently, the ASI team consists of over 100 experts including Professional Engineers; Certified Engineering Technologists; Environmental and Engineering Technicians; Water Quality Analysts; Licensed Commercial Divers; and Underwater Inspection; Surveyors and Hydrography specialists. More information can be found at www.asi-group.com.
About Peptide Technologies, Inc.
Peptide Technologies, Inc. has developed the first all-natural, sustainable solution to the economic burden of bio-fouling. Our solutions are safe "green" organic-based anti-fouling products used to combat the rapidly growing problems caused by the attachment of hard fouling agents in the marine and freshwater environments. Peptide Technologies' patent-protected approach not only significantly minimizes the attachment of hard fouling agents (mussels, barnacles, etc.) but is also highly effective in preventing the build-up of any biofilm layer as well. Unlike other anti-fouling paints, Peptide Technologies' anti-fouling paints are the only ones to receive a non-hazardous and non-toxic rating by Risk Management Technology ChemAlert (www.chemalert.com) of Australia which is a stringent Government Sanctioned certification. Trial results of our two paint products (Aquaculture Natural and Aquanatural), in both fresh and marine waters around the globe, have clearly demonstrated the effectiveness of their formulations in preventing hard fouling agents from attaching to treated surfaces. These results combined with the non-hazardous and non-dangerous good rating from ChemAlert clearly positions Aquaculture Natural and Aquanatural anti-fouling paints at the head of the class in anti-fouling solutions around the globe.
Our organic-based solutions are effective in both fresh water and marine waters, and are environmentally friendly and non-toxic to water users and all aquatic life. Additionally, our anti-fouling paints will adhere to both stationary (concrete, steel, etc.) and flexible substrates (netting, etc.), creating a surface that prevents hard fouling and biofilm from attaching to it. Our patent-protected anti-fouling paints (Aquanatural and Aquaculture Natural) are based on proprietary organic formulations developed over the past 15 years. Our paint is unique globally and represents the ultimate in a green approach. Our "soft" coatings are available in a number of colors and can be tailored to coat flexible or fixed substrates.
Some of the targeted applications for our products are:
- Hydro-electric facilities and dams (i.e., water in-take pipes, valves);
- Ship hulls (i.e., barnacle covered hulls can increase fuel usage by more than 40%);
- Commercial fish nets;
- Pearling and Aquaculture industry;
- Drinking water treatment facilities;
- Farm irrigation water;
- Navigation locks;
- Oil rigs (FPSO); and,
- Other cement and/or steel substrates.
Some specific advantages of our anti-fouling paint:
- The paint is a "green" organic solution, non-toxic to aquatic life;
- Can be applied to both stationary and moving substrates;
- Effective in both fresh and marine waters;
- Can be applied as a paint or spray (in development);
- Can be applied while underwater;
- Many color options to suit the end-users application; and,
- Our paint simply prevents attachment by hard fouling agents and biofilm and non-toxic.
Our anti-fouling paints have undergone intensive evaluations by independent parties around the globe. These include: Canada - Great Lakes, USA - Colorado River, Darwin, Australia and Trondheim, Norway. More information is available on our website at www.peptidetechnologiesinc.com.
Notice regarding forward-looking statements
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding our future financial performance or results of operations, including expected revenue growth. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements can be found in the reports that we have filed with the Securities and Exchange Commission.