For Release on May 16 2006, Trading Symbol: NQB Pink Sheets: NNRF
Global Matrechs, Inc. Announces Licensing Agreement for Radiation Resistant Technology Targeting Environmental and Nuclear Waste Markets in the European Community, China and India
RIDGEFIELD, Conn.–May 16, 2006 - Global Matrechs, Inc. (OTCBB: GMTH) http://www.globalmatrechs.com , a company with technologies in the nuclear, chemical and environmental sectors, reports it has entered into a licensing agreement with NUCON-RF, Inc.,(“NUCON”), http://www.nucon-rf.com, a US Corporation with executive and operations offices in Moscow, to market NuCap™. The agreement gives NUCON-RF exclusive distribution in the Former Soviet Union and non-exclusive rights in the European Union, China and India for NuCap™, a highly radiation- and corrosion-resistant technology.
NUCON’s expertise and focus is technical solutions for high-end environmental markets in the Former Soviet Union, Europe & Asia. NUCON has identified markets and demand for the cleaning up of nuclear waste and other markets for NuCap™ including the Chernobyl Shelter. The strategic alliances of NUCON-RF include ROSENERGOATOM (“ROSATOM”), the operating utility of all Russia’s nuclear power plants and ATOMSTROYEXPORT (“ASE”). ASE was established by the Ministry of the Russian Federation for Atomic Energy, to promote the export of Russian-made products for nuclear power projects abroad.
Under the terms, Global Matrechs, Inc retains ownership and controls the worldwide exclusive proprietary rights to NuCap ™, with manufacturing via Dow Corning. NUCON-RF has the sub-license rights to market, sell and distribute NuCap™ into the following territories; Russian Federation on an exclusive basis, European Union, China and India on a non-exclusive basis.
According to CEO Michael Sheppard, "We have been working on this agreement for 18 months in order to execute delivery of NuCap™ into new foreign markets. We are thrilled to be associated with NUCON-RF and foresee the market penetration that was expected for the technology in the Eastern European markets years ago, to finally come to fruition.”
NuCap™ is engineered for use in a wide variety of applications
in low to high level radiation and other environmentally challenging
settings. NuCap™ applications range from in-situ stabilization,
D & D, containment and encapsulation to transportation and final
storage and disposal. NuCap™ can also assist in resolving the
special challenges faced by operating reactors in nuclear power plants
and research facilities, uranium/thorium and other mining venues,
nuclear medicine and the chemical industry.
About NUCON-RF (OTC: SFDE.PK -) Nucon has the capability to provide product, technological and engineering support for environmental and radioactive waste challenges including, compliance, shielding, transport and storage requirements for a broad range of radioactive and toxic wastes.
About Global
Matrechs: Global Matrechs has operated its licensed technologies
business since 2004. Global Matrechs seeks to convert the licenses
it has acquired in emerging technologies in the nuclear energy, environmental
and chemical industries into manufactured products primarily through
sub-licenses of those technologies to manufacturers.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
CONTACT:
| NNRF, Inc. Theresienstrasse 6-8 D-80333 München Tel.: +49 89 288 904 88 Fax: +49 89 288 904 5 |
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