10 June 2010 – GLOBE NEWSWIRE — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, smart logistics, and telemetrics company, today announced that its OilDam® solution has been scheduled for testing by the BP and U.S. Coast Guard Field Technical Operations Group for 28 June 2010.
The OilDam® solution will be deployed along a sand bar, in water of approximately three to four feet in depth, to test its ability to deflect waterborne oil from a tidal salt water marsh along the Gulf Coast. Exact location details have yet to be announced.
On 8 June 2010, TIE Technologies announced its revised OilDam® proposal had been escalated to a final technical engineering review by BP’s Horizon Alternative Response Technology Team and was under consideration for immediate field testing by the BP and U.S. Coast Guard Field Technical Operations Group.
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 Lee Witt Associates, a leading public safety and crisis management firm with 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 OilDam® solution is being readied for deployment along the Gulf Coast to keep oil away from the shore, contain it and pump it into storage containers for recycling. At the same time this fixed barrier blocks oil, it is ecosystem friendly, allowing water to pass back and forth through its base, maintaining normal tidal flows which support critical shoreline life. These new critical OilDam® technologies are at the foundation of the OilDam® Emergency Containment Proposal, and are being patented collaboratively by TIE Technologies and Geocomp Corporation, a global leader in geo-engineer technology.
More detailed information regarding the product and its environmental impact are now available on the internet at www.tietechnologies.net/environmental-logistics.php.
ABOUT TIE TECHNOLOGIES, INC
TIE Technologies is a science and technology driven systems integration, security, smart logistics and telemetrics 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.
ABOUT GEOCOMP CORP
Geocomp is a global leader in geo-engineering and has developed some of the most technologically advanced products and solutions available today for the geo-engineering field. Geocomp is also one of the leading experts in the U.S. on the development of new applications of geosynthetic materials, and is also an expert in active risk management for civil works projects.
CONTACT
CSIR Group, LLC
Investor Contact
Christine Petraglia, Principal
+1 212 386 7082
investor.relations@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.
