27 May 2010 – TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, security and telecommunications company, and Geocomp Corp., a global leader in geo-engineering, today jointly released the details of the OilDam® product designed to mitigate damage from the Gulf oil spill. OilDam® is a comprehensive solution which can be immediately deployed to provide a reliable means to keep the oil from reaching the shore, contain it and enable its removal.
The OilDam® solution will keep oil away from the shore, contain it and pump it into storage containers for recycling. By using the concept of ‘water-blocking-oil’ (water-filled bladders made of geosynthetic materials), OilDam® geosynthetic tubes are placed in the shallows at distances of 20 to 50 feet from the shore to form a barrier impenetrable to oil from the sea floor to several feet above sea level. This fixed barrier blocks oil and floating contaminants, submerged oil and tar balls from reaching the shore. At the same time, it allows water to pass back and forth through its base to maintain normal tidal flushing of the shoreline, allowing critical shoreline life to be protected. The system is unique in its diverse capabilities, utilizing manufacturing, fabrication and deployment techniques that have been well developed over the past 40 years.
Detailed information and specifications regarding the product and its environmental impact are now available on the internet at http://www.tietechnologies.net/environmental-logistics.php.
These new critical OilDam® technologies are being patented collaboratively by TIE Technologies and Geocomp Corporation and are at the foundation of the OilDam® Emergency Containment Proposal presented to the U.S. Coast Guard-EPA task force by the TIE Technologies and Geocomp team.
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.
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.
