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Innovative Environmental Technologies, Inc. Completes Search for Exclusive Licensee

Companies mentioned in this article: Innovative Environmental Technologies, Inc.

PHILADELPHIA and CHICAGO, July 7, 2014 /PRNewswire/ -- Innovative Environmental Technologies, Inc. (IET), an established leader in the optimization and maximization of commercially available remedial products, announced today that it has issued an exclusive license to multiple patents and patents pending to Provectus Environmental Products, Inc. (Provectus), effective immediately.

Michael Scalzi, President of IET, says, "IET has patiently searched for a strategic partner that could most effectively market and support these advanced technologies. I am confident that in Provectus we have found that partner." Headed by James Mueller, Ph.D. - the former president of environmental biotechnology firms SBP Technologies, Inc. and Adventus Americas, Inc. - Provectus is uniquely positioned to further develop and aggressively commercialize environmental remediation technologies. "Provectus will offer the environmental industry global access to these patented technologies, coupled with unrivaled professionalism and technical support. We are confident that the technologies will be represented and applied in a safe, effective and conscientious manner with a dedication to remedial performance and project success," stated Scalzi.

Jim Mueller, President of Provectus, stated that "Having rigorously evaluated IET's impressive patent portfolio, the opportunity to integrate the estate under Provectus and establish the new company in its leadership role in our industry was clearly compelling. The Provect(TM) family of technologies represent genuine scientific advancements, and they have been enthusiastically acceptable by respected remedial practitioners. When properly utilized, the technologies will yield many tangible benefits in terms of remedial efficacy and performance. I am fully committed to leading this effort with the same level of technical aptitude offered over the past 20+ years. My commitment is also to provide an often missing focus in our industry on exemplary customer service reinforced through candid, scientifically defensible client interactions," stated Mueller.

The patents are in force in numerous geographies and license areas. US reference numbers include:

    --  7,129,388 and 7,531,709 - Method for Accelerated Dechlorination of
        Matter.
    --  7,828,974 - Method for the Treatment of Groundwater and Soils Using
        Dried Algae and other Dried Mixtures.
    --  8,147,694 - Method for the Treatment of Groundwater and Soils Using
        Mixtures of Seaweed and Kelp.
    --  2014/0030797 A1 - Utilization of Ferric Ammonium Citrate for In Situ
        Remediation of Chlorinated Solvents.
    --  13/785,840 (CIP 14/268,637 PCT/US14/36,632) - Inhibition of Methane
        Production During Anaerobic Reductive Dechlorination by Restricting the
        Effectiveness of Enzymes and Coenzymes that Catalyze Methanogenesis.
    --  13/866,158 - Use of Encapsulated Substrate to Control the Release Rates
        of Organic Hydrogen Donors and Accelerate the Biotic Process of
        Anaerobic Reductive Dechlorination in Soil and Groundwater.
    --  13/891,934 (CIP 14/268,629 PCT/US14/36,642) - Chemical Oxidation and
        Biological Attenuation Process for the Contaminated Media.

ABOUT IET

For nearly 18 years IET has been an innovator and leader in developing and implementing remedial technologies for sites impacted by chlorinated solvents, petroleum hydrocarbons, heavy metals and pesticides. The eight (8) patents and pending patents have been developed and refined in the field by IET over the past 18 years as IET has designed and executed over 1,000 sites.

ABOUT PROVECTUS

Provectus (Latin) = advanced; higher level of knowledge. Provectus Environmental Products represents applied remedial sciences at a different level. We are a well-funded small business with high ethics dedicated to the development and global commercialization of genuinely progressive environmental biotechnologies. Our focus in on the amelioration of soil, sediment, and groundwater impacted by myriad constituents of interest. We are not consultants. Our business model is to support RPs, environmental engineers, technical consultants, governmental regulators, and the wider academic community by providing design and selection of cost-effective remediation strategies. We pride ourselves on offering:

    --  Genuine Technology Offerings = Provect-IR(TM) Anti-methanogenic ISCR
        technology and Provect-CH4(TM) Methane Inhibitor/ERD ISCR supplement
        that avoids methane production; Provect-IRM(TM) Anti-methanogenic ISCR
        technology for metals immobilization; Provect-GS(TM) NAPL Stabilization
        Reagent; Provect-OX(TM) ISCO technology that is self-activating, easy to
        handle, does not generate heat upon hydration.
    --  Credible Technical Aptitude = Ph.D. level staff with over 25 years'
        experience in environmental biotechnology; inventors and developers of
        multiple physical, chemical and/or biological remediation technologies.
    --  Predictable Remedial Performance = Patented and Patent-Pending
        technologies. Guaranteed performance and other warranties offered in
        conjunction with strategic providers and partners.
    --  Responsive Customer Service = Logistics with no surprises, no excuses,
        no frustration. User-friendly and cordial account management personnel.
    --  Quantifiable Client Value = Safer, more effective, more cost-efficient
        remedial actions. "Do it Right the First Time" - avoid problems
        associated with new and emerging regulations for methane in groundwater,
        soil gas, and indoor air.

For more information, please visit www.provectusenv.com

Media Contact:
MICHAEL SCALZI
888-721-8282

PRLog ID: www.prlog.org/12343861

SOURCE Innovative Environmental Technologies, Inc.