TORONTO, March 29 /CNW/ - Organic Resource Management Inc. (TSX-V: ORI) ("ORMI" or "the Company") announced today that it has signed an agreement to enter into an exclusive marketing agreement with DODA(R) USA Inc. ("DODA-USA"). DODA-USA is the North American subsidiary of DODA(R) Construzione Macchine Agricole di DODA Aldo e C. snc ("DODA"). Based in Italy, DODA for over fifty years has been a leading European manufacturer of pumping and solids separation equipment for the manure and anaerobic digester industries. The North American marketing agreement covers DODA-USA's North American offering of the DODA BioSeparator technology for ORMI's Organic Resource Recovery System ("ORRS"), a patent-protected process for on-site collection of organic waste.
Based upon two decades of evaluating organic residuals management technologies, ORMI believes that the DODA BioSeparator is the premier technology available today for liquefying and removal of trash from source separated solid food waste to create an ideal substrate for use in anaerobic digesters (ADs) for biogas renewable energy production. The DODA BioSeparator's large throughput capability combined with its ability to efficiently separate and remove virtually all types of inorganic contaminants, makes it ideally suited for use in waste and recycling transfer stations as well as large food-waste generators such as airports, hospitals and food-courts.
The DODA BioSeparator will be jointly marketed by DODA-USA and ORMI whenever its use would fall within the scope of the Company's ORRS patents (CDN Patent 2,153,529, US Patent 5,568,996). The ORRS patents extend to any installation where a milling device (such as the DODA(R) BioSeparator) is used to reduce the volume of food waste (by liquefying), store the milled food waste in a storage tank and ultimately transport it for disposal or recycling. The joint marketing agreement is subject to the completion and execution of definitive agreements.
"We are extremely pleased to be partnering with DODA's experience and their best of class equipment," said Charles Buehler, CEO of ORMI. "This agreement represents a tremendous opportunity for both ORMI and DODA-USA to introduce the BioSeparator technology to producers and collectors of organic waste across North America. Since late last, year we have proven the BioSeparator's application to our market with the first North American installation in our Toronto transfer station. We believe the combination of the BioSeparator technology, with our ability to collect and blend high-energy AD feedstock, will change the way waste management companies perceive and treat organic waste. We also believe this agreement provides our company with an excellent platform for growth, and we look forward to a long and productive collaboration with DODA-USA and DODA."
ORMI and DODA-USA have also agreed that DODA will complete the development of a smaller onsite version of the DODA(R) BioSeparator and be ORMI's exclusive manufacturer. The onsite version will be used in smaller volume food-waste generators such as grocery stores and large restaurants, offering them automated organic residuals trash separation in addition to the other benefits of the ORRS.
"DODA-USA and DODA are excited about our alliance with ORMI who we consider to be uniquely qualified by experience and commitment to expand our North American market opportunities for the DODA BioSeparator line of equipment," said Richard Miller, of DODA-USA. "ORMI has dedicated twenty-five years to developing their best of class service systems and practical knowledge regarding organic resource management. DODA has dedicated over 40 years developing their best of class equipment and engineering expertise in its industry. Together the DODA-ORMI team provides a powerful systems solution to the rapidly emerging North American demand for organic residuals recovery as renewable energy feedstocks."
About Organic Resource Management Inc.
Organic Resource Management is Canada's largest provider of vacuum truck services for the collection, processing and recycling of food-related organic residuals. ORMI services in excess of 6,500 regularly-scheduled commercial, industrial, institutional customers in Ontario, Quebec, Alberta and British Columbia. Further information about ORMI may be obtained at the Company's web site at www.ormi.com.
About DODA-USA Inc.
DODA USA Inc. is based in St. James, Minnesota. Richard Miller, DODA-USA's Vice President, has over thirty years of manure management experience and has imported DODA(R) equipment for over twenty-five years. Manure is an extremely abrasive and unforgiving slurry to pump and process. Manure slurry management is the ideal background experience from which to develop robust material management technologies for the equally harsh urban organic residuals recycling industry. The DODA equipment excels in this harsh manure market, and the DODA Bioseparator line is an application of that experience. Further information about DODA USA Inc. may be obtained at the company's web site at http://www.doda.it/english/doda_usa.htm
About DODA(R) Construzione Macchine Agricole di DODA Aldo e C, snc.
Based in Buscoldo, Italy, DODA(R) Construzione Macchine Agricole di DODA Aldo e C. snc, has a proven track record for producing the most technologically advanced and economically favourable solutions for pumping and solids separation equipment for the manure and anaerobic digester industries. Constant research and the continuous development of the various details are the fundamental bases that have made DODA the leader of its sector. Further information about DODA may be obtained at the company's web site at http://www.doda.it/english/index.htm.
Note: Certain information contained in this press release may be forward-looking and therefore subject to unknown risks or uncertainties. The actual results, performance or achievements from the above noted marketing agreement, the ORRS patents and the performance or achievements of Organic Resource Management Inc. may differ materially from the results, performance or achievements of the Company expressed or implied by such forward-looking statements. Copies of ORMI's ORRS patents can be obtained by emailing the Company at email@example.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Organic Resource Management Inc.
For further information: For further information: Organic Resource Management Inc., Charles Buehler, Chairman and CEO, Tel: (416) 580-8574, Email: firstname.lastname@example.org, Website: www.ormi.com; The Equicom Group, Glen Williams, Investor Relations, Tel: (416) 815-0700 ext. 272, Email: email@example.com