SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Sept. 18, 2012 /CNW/ - IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (PIEX) has been formally invited by the St. Petersburg, Russia Council of Federation of the Federal Assembly of the Russian Federation to present their technology to process incinerator bottom ash (IBA) to government and businesses.
IBA Green has developed a technology to process IBA into a viable by-product from waste-to-energy production. St. Petersburg, Russia has eminence coal burning power generation operations which result in massive IBA.
In a formal invitation letter sent to IBA Green by the St. Petersburg Federal Assembly, V.V. Barkanov Member Spokesman for the Council of Federation, states their understanding the IBA Green "technology allows not only to neutralize and smother ash, keeping it from the environment, but also recycle the ash into ecological construction materials such as composite and cement products." Mr. Barakanov's letter goes on to state "This technology is of great interest for enterprises of the Russian Federation and we are eager to find out more about your company and its technology."
The formal letter invited IBA Green "to a meeting with local St. Petersburg authorities and enterprises to discuss the possibility of using your technology in St. Petersburg and to explore possible forms of cooperation."
"We most certainly accept the invitation from the St. Petersburg Federal Assembly," said Angelo Scola, President and CEO of IBA Green. "The solution our technology provides to the problem of ash can be applied throughout the industrial world. The proactive initiative of the St. Petersburg federal officials to deal with their ash problem and their environmental concerns is commendable."
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 annually.
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.
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For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
On Behalf of the Board of Directors
President & CEO