SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Sept. 11, 2012 /CNW/ - IBA Green, Inc., a wholly
owned subsidiary of Pioneer Exploration Inc. (PIEX) announces it has
confirmed through independent third party testing that it has
successfully developed a process to treat toxic incinerator bottom ash
(IBA) to meet acceptable Environmental Protection Agency (EPA)
standards. IBA is the residue from burning coal or solid waste in
order to generate electric power.
Proposed EPA regulations designating IBA as a hazardous material have
threatened to restrict its use as an additive to concrete and
construction materials, effecting provisions to the current proposed
renewal of the Federal Highway Bill legislation set to expire this June
30, 2012. Energy companies and the construction industry want to
include provisions to the legislation barring the EPA from such
restriction, while environmentalists oppose such provisions.
IBA Green's technology, now confirmed through independent verification,
"is a process to treat and convert IBA into viable and environmentally
responsible construction materials," said Angelo Scola, Chairman of the
Board of IBA Green. "The treated IBA can produce a geoploymer concrete
that not only meets all EPA and ASTM standards, but also makes a
concrete that is far stronger and lasts twice as long as concrete used
today in the building of highways and bridges", explains Mr. Scola.
The independent third party testing of IBA Green's technology consisted
of treatment of a specific IBA sample. It was confirmed that the
resultant solidified product yielded extractable metal content well
below expected levels of standardized testing including the EPA 1311
TCLP and was compliant with levels for safe disposal and applications
in the U.S. and around the world.
About IBA Green, Inc.
IBA Green has developed a process to mitigate the environmental issues
associated with toxic end products of the Waste-to-Energy industry, and
has developed a patented process to safely and economically utilize the
previously toxic end product. The IBA Technology works in synergy with
the waste-to-energy industry, converting the toxic end products into
commercially viable green construction products.
The IBA Technology was specifically developed to address coal ash and
incinerator bottom ash (IBA), which is the resulting residue that is
created after the combustion process of burning coal or solid waste to
generate electric power. Currently, there are approximately 600 coal
burning and 85 waste to energy electric power plants across the USA
creating an aggregate 85 million tons of toxic coal ash or IBA
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects," "estimates,"
"projects," "anticipates," "believes," "could," and other similar
words. All statements addressing operating performance, events, or
developments that IBA Green or Pioneer Exploration expects or
anticipates will occur in the future are forward-looking statements.
Because the statements are forward-looking, they should be evaluated
in light of important risk factors and uncertainties. Should one or
more of these risks or uncertainties materialize, or should any of IBA
Green or Pioneer Exploration's underlying assumptions prove incorrect,
actual results may vary materially from those currently anticipated. In
addition, undue reliance should not be placed on IBA Green or Pioneer
Exploration's forward-looking statements. Except as required by law,
IBA Green or Pioneer Exploration disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this press release. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements. No stock exchange has reviewed nor accepts responsibility
for the adequacy or accuracy of this release.
SOURCE: Pioneer Exploration Inc.
For further information:
For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
President & CEO
Pioneer Exploration, Inc.