19 May 2010 – TIE Technologies, Inc. (Pink Sheets: TTCS), an information technology, security and telecommunications company, today announced the submission of its OilDam® Emergency Containment Proposal to the EPA’s Homeland Security Research Center and the U.S. Coast Guard for immediate consideration. A technical team, led by TIE Technologies, was formed to provide a reliable means to keep oil from the BP gulf oil spill away from the shore, contain it and enable its removal.
TIE Technologies is leading a team of industry experts in providing a viable solution to keep the BP gulf oil spill away from the gulf coast shores. The team includes: Geocomp Corporation, a global leader in geo-engineer technology who has developed some of the most technologically advanced products and solutions available today in the geo-engineering field; James L. Witt and Associates, a leading public safety and crisis management firm who has unrivaled experience and hands-on knowledge of emergency preparedness, response, recovery, and mitigation management; Gunderboom, Inc., a global technical fabricator of geosynthetic composite systems specifically designed for the marine environment; and, TenCate Geosynthetics, a leading provider of geosynthetics and solutions for the transportation, erosion control, and shoreline protection/marine structure construction markets.
“The team that was formed in response to this epic disaster is nothing short of world-class. The result of having such minds focused on finding a viable solution was a proposal that produced a new immediately deployable plan to face this epic disaster,” said co-inventor, Mark Marangella, executive vice president of TIE Technologies. “Not only does the OilDam® geo tube system provide the U.S. Coast Guard with a cost effective solution to keep oil away from the shore, but also allows for the recycling of contaminated seawater that can be pumped out of the gulf into storage containers for filtration and eventual reuse.”
Dr. W. Allen Marr, co-inventor of the product and CEO of Geocomp, described the new product as an enhancement built on the simple concept of using large, long tubes made of plastic and filled with water or soil to provide water barriers for many applications. The resulting product is the basis of the comprehensive OilDam® Emergency Containment Proposal, including the new crucial technologies being patented collaboratively by TIE Technologies and Geocomp Corporation.
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a science and technology driven systems integration, security, smart logistics and telecommunications company. TIE’s Smart Technology Solutions strive to provide better ways of doing things in every market it touches; from large logistical challenges, to small business needs and mobile smart phones. TIE Technologies is traded on Pink Sheets under the symbol “TTCS”. For additional information please visit www.tietechnologies.com.
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company — although given in good faith — are inherently uncertain and actual events and/or results may differ materially.
CONTACT
CSIR Group, LLC
Investor Contact:
Christine Petraglia, Principal
+1 212 386 7082
investor.relations@tietechnologies.com
