Abtech Holdings, Inc. Updates Progress On Its $12M Nassau County Stormwater Contract
Nassau County Confirms Intent to Ultimately Upgrade 2600 Outfall Pipes
Scottsdale, AZ /PRNewswire/ - Abtech Holdings, Inc. (OTC QB: ABHD) ("AbTech" or the "Company"), a full-service environmental technologies and engineering firm providing innovative water pollution and contamination solutions to communities, industry and governments, today commented on progress related to its $12 million NTE (Not-To-Exceed) stormwater management contract in Nassau County, NY, awarded October 2013. These comments follow the County's Press Conference held inMineola, New York on July 9, 2014.
At the press conference, led by County Executive Edward P. Mangano and attended by AbTech and County officials, as well as Legislator Donald MacKenzie and local environmental groups, it was announced that the County ultimately intends to upgrade all of its stormwater outfall pipes.
"With 2,600 County-owned outfalls, unmitigated stormwater runoff and flooding from backflow through those pipes is a key issue facing our communities," stated County Executive Edward Mangano. "This Design-Build-Operate program with AbTech Industries is a major step forward in protecting our environment as it helps remove debris and other pollutants before they enter our waterways, accumulate on our beaches and harm marine life."
Under AbTech's contract with the County, 60 identified trouble spots have been analyzed and ranked and the prioritized top 10 sites will be upgraded under the $12M NTE amount. The contract signed October 2013 has a three year term with a provision for up to 2 years of operations and maintenance.
Following the July 9, 2014 Press Conference, several camera crews from local and national media outlets were taken to one of the first of an initial ten outfall pipes in which AbTech's treatment systems and Smart Sponge Plus technology are to be installed.
"It is gratifying to see the emphasis and support that the leadership of Nassau is putting behind the AbTech effort to install a cost-effective, rapid-deployment water quality treatment system to address stormwater contamination, including pathogens as well as the added benefit of a flood control system. The attention we received yesterday from the County has precipitated strong follow-up interest from a number of Counties and Municipalities that have been awaiting evidence of a serious first mover," commented Glenn Rink, founder and CEO of AbTech.
ABOUT ABTECH HOLDINGS, INC. (OTC QB: ABHD) AND ABTECH INDUSTRIES, INC.
AbTech Industries, Inc. (a subsidiary of Abtech Holdings, Inc.) is a full-service environmental technologies and engineering firm dedicated to providing innovative solutions to communities, industry and governments addressing issues of water pollution and contamination. Its products are based on polymer technologies capable of removing hydrocarbons, sediment and other foreign elements in stormwater runoff (ponds, lakes and marinas), flowing water (curbside drains, pipe outflows, rivers and oceans), and industrial process and wastewater. AbTech's offerings include the ground-breaking new antimicrobial technology called Smart Sponge® Plus. This technology is effective in reducing coliform bacteria found in stormwater, industrial wastewater, and municipal wastewater. Smart Sponge® Plus is registered with the Environmental Protection Agency (Registration #86256-1). AbTech's teams of water treatment technology experts, civil and environmental engineers, and field operations specialists develop solutions to improve the quality of our limited water resources. AEWS Engineering (a subsidiary of Abtech Holdings, Inc.), is an independent engineering civil and environmental engineering firm partnered with top research and engineering universities. By focusing on bringing new engineering and technology innovation to the water infrastructure sector, AEWS is positioned to be at the forefront of stormwater Best Management Practices development and to deliver the latest in design excellence to its customers. For more information please visitwww.abtechindustries.com. More information on AEWS Engineering can be found at www.aewsengineering.com.
This news release contains "forward-looking statements" which are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Abtech Holdings, Inc.Copyright 2014 PR Newswire. All Rights Reserved