HELPER, Utah, June 30 /PRNewswire-FirstCall/ -- Terra Systems,
Inc. (Pink Sheets: TSYI) announced today that it has received a
grant as a part of an alliance formed with the Utah State University Research Foundation and its
Energy Dynamics Laboratory to fund the startup of its carbon pilot
plant. Terra Systems, Inc. will produce a pilot run of a minimum of
100 tons of coke product to be used in a local manufacturing plant.
The grant was awarded after successful demonstration in a
commercial manufacturing operation.
As a result of successful testing, Terra Systems, Inc. has
upgraded from no information status on the Pink OTC Markets. This
action will enable Terra Systems, Inc. to provide timely financial
information to its shareholders.
Headquartered in Helper, Utah,
Terra Systems, Inc. is a public company, registered in the
State of Utah and engaged in
research and development of clean carbon derived products. Using
pneumatic accelerator systems in conjunction with other evolving
pilot technologies, the company is in the process of demonstrating
clean carbon production products and it is designing production
scale projects based on these developments.
Note: Certain statements contained herein may be
forward-looking statements within the meaning of federal securities
laws and Terra Systems, Inc. intends that such forward-looking
statements be subject to the safe-harbor created thereby.
Forward-looking statements include Terra Systems, Inc. expectations
as to the managing and marketing of its businesses within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding future events and our future results that are based on
current expectations, estimates, forecasts, and projections about
the industries in which we operate and the beliefs and assumptions
of our management. Actual results may vary materially from such
expectations. Words such as "expects," "anticipates," "targets,"
"goals," "projects," "believes," "seeks," "estimates," variations
of such words, and similar expressions are intended to identify
such forward-looking statements. Any statements that refer to
projections of our future financial performance, our anticipated
growth and trends in our businesses, and other characterizations of
future events or circumstances, are forward-looking. Although Terra
Systems, Inc. believes that its expectations are based on
reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurance that our results
of operations will not be adversely affected by such factors.
Unless legally required, we undertake no obligation to revise or
update any forward-looking statements for any reason. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this
statement.
SOURCE Terra Systems, Inc.