SOURCE: Russell Industries, Inc.

May 23, 2006 10:33 ET

Russell Industries Signs Technology Agreement With a Highly Acclaimed Laboratory

HOUSTON, TX -- (MARKET WIRE) -- May 23, 2006 -- Russell Industries, Inc. (PINKSHEETS: RSLI) announced today that its subsidiary, WB Solutions, Inc. has made its final payment and acquired an executed license from Lawrence Livermore National Laboratories to use Lawrence Livermore's Capacitive Deionization Technology (CDT) for treatment of water produced by coal bed methane wells and traditional oil and gas wells. Rick Berman, CEO of Russell Industries, said, "We are excited to continue the development of WB Solutions business plans for treatment of coal bed methane water. Making the final payment and securing the agreement allows us to begin the process of developing the prototype for commercialization of the technology." Tom Throne, president of WB Solutions and Board Member of Russell Industries, said, "We are now in a position to develop the technology for commercial use in the coal bed methane industry. The partnership with Russell Industries permits the development to go forward."

WB Solutions has a patented water filtration system that reduces some of the elements in produced coal bed methane water. WB Solutions hopes to use the Lawrence Livermore CDT Technology to remove the balance of the contaminants for treatment of coal bed methane water. CDT involves flowing water through charged carbon Aerogel plates, removing the balance of the constituents from the produced water. Russell Industries and WB Solutions intend to pursue the technology for large scale use.

Lawrence Livermore National Laboratory (LLNL) is a premier applied science laboratory that is part of the National Nuclear Security Administration (NNSA) within the Department of Energy (DOE). LLNL has been managed since its inception in 1952 by the University of California for the U.S. government.

As a national security laboratory, LLNL is responsible for ensuring that the nation's nuclear weapons remain safe, secure, and reliable through application of advances in science and technology. The Laboratory's special capabilities have led to expanding responsibilities to meet other pressing national security needs, which include countering the proliferation of weapons of mass destruction and strengthening homeland security against the terrorist use of such weapons. LLNL applies its special capabilities in major research programs in energy and environment, bioscience and biotechnology, and basic science and applied technology.

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Contact Information

  • Contact:
    Rick Berman
    Russell Industries
    66 Mill Point Place
    The Woodlands, TX 77380
    Tel (713) 446-7231
    Fax (281) 298-9055