MR3 Systems, Inc. announced the signing of a Strategic Alliance Agreement with The Purolite Company, signifying the formation of an exclusive venture for development of novel resins and marketing of turnkey solutions. The first two specialized resins to be developed under this Agreement include resins for selenium and perchlorate removal.
MR3's Chief Executive Officer, Dr. William Tao, stated, "The partnership with Purolite is a significant strategic step for MR3 in developing and manufacturing the next generation of resins for the remediation market sector. We are very excited about this opportunity with Purolite."
Concern over perchlorate contamination in municipal water supplies is now reaching national proportions. Actionable (parts per billion) levels have been detected in potable water supplies in at least 22 states. Consumer health concerns are exerting pressure on state and federal regulators for immediate cleanup of such contaminated drinking supplies. Selenium contamination of surface and ground water is a severe problem in the western US and represents a significant problem for the mining and agricultural industries. The unique products and processing solutions to be developed by MR3 and Purolite should be well positioned to capture a significant share of these remediation markets.
MR3 and Purolite will perform the research and development of the unique products and processing solutions jointly, with the ownership of the resulting intellectual property to be shared equally by both parties. The Agreement positions Purolite to manufacture and market the developed products worldwide, with MR3 supporting the turnkey applications in the various market sectors. The partnership, which provides MR3 with a share of royalties from the sale of the developed products, is structured to rapidly develop, test, manufacture and implement turnkey solutions for the identified markets.
MR3's Chief Operating Officer, Peter Odintsov noted, "This unique collaborative alliance will utilize Purolite's established position as a global leader in ion exchange media design and manufacturing and leverage MR3's experience and unique technology approach in these niche markets".
Source: MR3 Systems, Inc.
