SAN CLEMENTE, CALIF., April 2 /CNW/ - RCAI (OTCBB:RCAA), a world leader
in environmentally-friendly industrial release agents and lubricants,
announced today that it has entered into a contract with the world's largest
molybdenum mining company, Freeport-McMoRan (NYSE: FCX), for the use of the
Company's Alderox(R) product.
The Alderox(R) non-stick release agent will be used at Freeport-McMoRan's
Henderson, Colorado molybdenum mine to prevent the build-up of materials in
the beds of 80 ton underground haul trucks.
Gordon Davies, President of RCAI, stated, "Preliminary on-site testing
indicated that the use of the Alderox(R) non-stick product in this application
could yield significant increases in productivity at the mine.
"Materials build-up in haul truck beds, known as 'dead-bed' or
'carry-back', is a major problem at a large number of mines. The elimination
of the materials build-up problem could result in substantial increases in
productivity at many mining operations."
RCAI will be installing a specialized, drive-under automated spray
application system in order to guarantee the correct usage of Alderox(R)
"Installation will be followed by a 60 day trial period and engineering
study by Freeport-McMoRan of the savings realized through the use of the
Alderox(R) product on the haul trucks. Provided the trial is successful, the
equipment will remain on-site and in continuous operation," added Davies.
Freeport-McMoRan Copper & Gold Inc. ("FCX") is an international mining
industry leader based in North America with large, long-lived, geographically
diverse assets and significant proven and probable reserves of copper, gold
and molybdenum. Freeport-McMoRan is the world's largest publicly traded copper
mining company and the world largest molybdenum mining company.
FCX conducts its operations primarily through its principal operating
subsidiaries, PT Freeport Indonesia, Phelps Dodge and Atlantic Copper.
Phelps Dodge ('PD') is a fully integrated producer of copper and
molybdenum, with mines and processing facilities in North America, South
America and Europe and processing capabilities for other minerals as
by-products, such as gold, silver and rhenium.
PD also is developing one of the world's largest copper/cobalt
concessions, the Tenke Fungurume mine, in the Democratic Republic of Congo. PD
has a Wire and Cable group, which manufactures engineered products principally
for the global energy sector.
RCAI is an industrial supply company providing products and services
throughout North America and worldwide. Applied Industrial Technologies, Inc.
(www.applied.com) is the company's exclusive distributor in North America.
RCAI specializes in the development, manufacturing, sales and distribution of
superior, environmentally friendly lubricants, industrial release agents and
Any statements made in this press release which are not historical facts
contain certain forward-looking statements, as such term is defined in the
Private Litigation Reform Act of 1995, concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains. These forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause our actual results of the specific items described in this release, and
the company's operations generally, to differ materially from what is
projected in such forward-looking statements. Although such statements are
based upon the best judgments of management of the company as of the date of
this release, significant deviations in magnitude, timing and other factors
may result from business risks and uncertainties including, without
limitation, the company's dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance, or achievements. Moreover, neither we nor any
other person assumes responsibility for the accuracy and completeness of such
statements, and we disclaim any obligation to update information contained in
any forward-looking statement.
For further information:
For further information: RCAI Mike Davies, 949-542-7440 www.rca-inc.com