SOURCE: Vision Plasma Systems, Inc.
RENO, NV--(Marketwire - Oct 31, 2012) - Vision Plasma Systems, Inc. (PINKSHEETS: VLNX) today announced details of its agreement signed with the Mayor of Londrina, in the State of Paraná, Brazil promising financing, tax incentives, and land donation to induce Vision Plasma Systems to manufacture the company's Arc Master I Mobile Plasma Gasification System in Londrina.
With meetings that lasted over three weeks, the Mayor and his staff discussed several business incentives that would be made available to Vision Plasma Systems to incentivize the company to headquarter its South American manufacturing facility in Londrina. The Agreement outlined these incentives and signed by the Mayor hopes to help create up to 500 advanced technology jobs to the greater Londrina area and target its customers in South America and Africa.
Emerging as the seventh largest economy in the world, Brazil has been a quiet leader in advanced energy and environmental solutions and as their industrial sector grows so does their need to protect their environment and to seek out technological advancements while positively protecting their environment. Londrina lies within the State of Paraná and is at the center of the South American technology business zone called Mercosul. Manufacturing capabilities in Londrina are further optimized by a modern highway and railroad system that provides direct logistics access to the seaport of Paranagua.
The Arc Master I mobile unit, the first of its kind, was designed to deploy a clean and green remediation solution to various worldwide corporations, military, government, and municipal customers. The unit is capable of converting up to 5 tons per day of hazardous wastes without any air emissions or ash from the gasification process. Built inside two (2) ISO 40' metal containers, the Arc Master I can be easily transported by truck, rail, ship, or plane worldwide to provide a fast and mobile solution to the remediation of all forms of waste. The Arc Master I mobile unit is entirely self-powering, creating its own energy from the waste that it processes, and creating up to 240KW of usable electricity at the site.
About Vision Plasma Systems, Inc.
Vision Plasma Systems, Inc. is a designer, developer, and marketer of its proprietary mobile plasma arc gasification unit called the Arc Master I. The company is committed to providing affordable energy resource management for federal and commercial clients through sustainable and renewable energy technologies, land reclamation, products and services.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.