May 17, 2005 -- NuGeneration Technologies, LLC. (NuGen) (www.nugentec.com),a leading industrial chemical solutions company, announced today that it has been selected by the U.S. government to provide chemical solutions for the Red River Army Depot (RRAD).
RRAD is engaged in the rebuild of combat vehicle, tactical vehicle and ordnance items. The contract requires NuGen to provide a cleaning compound to be used for removing dirt, motor oils, hydraulic oils, heavy greases, sludge, and other soils from used diesel engine and transmission components, vehicles, and other miscellaneous ordnance items.
This effort meets the government's objective to obtain chemical compounds that support the Texas Commission on Environmental Quality. NuGen will provide the chemical compounds, technical and scientific recommendations as well as program management services.
Mr. Donato Polignone, NuGeneration Technologies' President, said, "We are very pleased to continue and expand our successful partnership with the US government. This contract is further evidence of NuGen's increasing market position in the environmental chemical solution niches."
About NuGeneration Technologies
NuGeneration Technologies is a global specialty chemical company with demonstrated expertise in its fundamental competencies in developing and manufacturing superior quality chemical solutions. NuGeneration Technologies produces over 600 products and develops solutions for our customers based on our inherent strength in science and technology. Our business approach and philosophy is centered on Total Process Integration through specialty formulated chemistries.
About Red River Army Depot
Red River Army Depot -- located 18 miles west of Texarkana, Texas, in the northeast corner of Texas -- is one of our nation's largest defense depots in terms of people and workload. The depot's enormous maintenance mission includes the repair, rebuild, overhaul and conversion of tactical wheeled vehicles, as well as the Army's light tracked combat vehicle fleet, including the Bradley Fighting Vehicle System, the Multiple Launch Rocket System, and their associated secondary items. Vehicles depart the depot's modernized maintenance facility in "like new" condition.
Contact for NuGeneration Technologies:
Donato Polignone, 888-99 (NUGEN)
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Note: This press release contains certain forward-looking statements within the meaning of the U.S. Federal securities law, including statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this press release are subject to substantial risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by the statements herein. Accordingly, there can be no assurance that the actual results will conform to the forward-looking statements in this press release.
NuGeneration Technologies Wins Contract with the US Army Red River Army Depot Contract Valued Up to 92500000
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