June 22, 2017
Vancouver, BC – Targeted Microwave Solutions Inc. (TSX-V:TMS / BF:A14TUD / OTCQX;TGTMF) (“TMS” or the “Company”) announced today the design completion of its Generation III reactor module. The Gen III reactor incorporates over 10 months of observation, analysis and optimization on TMS’s Gen II system, which is currently operating at the TMS King William Plant, and is expected to substantially improve the drying efficiency, throughput capacity, and material handling of TMS industrial aggregate processing systems. With the design phase now complete, TMS is in the process of evaluating tenders for construction of the Gen III project. TMS currently expects construction and commissioning of the Gen III system will be completed in or about the third quarter of 2016.
Dr. James Young, Chairman of the Board, stated: “Over this past year, we have worked very closely with target customers to understand their industrial processing needs and emissions footprints. With the Gen II system, we demonstrated the ability of the TMS technology to efficiently dry aggregate materials on a continuous flow basis while significantly decreasing polluting air emissions. It is our belief that the re-designed Gen III model will build upon these successes and further improve throughput capacity to levels that meets the criteria of our target customers. While the Gen III model is under construction, we will continue our engagement strategies with environmental, engineering and regulatory institutions in the state of Virginia to help prepare the way for our planned commercial deployment efforts.”
About Targeted Microwave Solutions Inc.
TMS is a microwave process developer specializing in clean emission, high-throughput industrial drying solutions. TMS’s proprietary microwave beneficiation systems are being developed to specifically address the increasing environmental costs of a cornerstone of the global manufacturing and processing economy, industrial drying. The TMS process represents a unique, vertical microwave system that may be deployed to dry, re-size and calcinate industrial aggregates at high throughput capacity. TMS believes that its technology will allow for superior energy efficiency, process control and a clean emission profile, allowing TMS to deliver effective drying solutions that can fundamentally challenge the mainstream narrative that large-scale industry is incompatible with responsible, environmental policy. TMS has completed constructing a commercial-scale facility in King William County, Virginia, U.S.A. and has entered into joint ventures for China and India to develop and market its technology.
On behalf of the Board of Directors,
“Dr. James Young”
Chairman of the Board of Directors
For further information, please contact:
Targeted Microwave Solutions Inc.
Telephone: (778) 995 5833
This news release contains certain statements which are, or may be deemed to be “forward-looking statements”. Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding the expected benefits of the Gen III system, the timing of expected construction and commissioning of the Gen III system and our planned commercial deployment efforts. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “projects”, “will”, “believes”, “intends”, “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law.
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