NEW YORK, Aug. 3, 2010 (GLOBE NEWSWIRE) -- TIE Technologies, Inc. (Pink Sheets:TTCS), who operates a portfolio of Homeland Security assets focused on environmental disaster remediation and security driven by proprietary smart logistics, telemetrics, and advanced IT solutions, today announced the submission of its Emergency Containment Proposal to keep oil spill away from the shores of the Kalamazoo River and Lake Michigan, contain it and enable its removal.
The proposal was submitted to the State of Michigan, Department of Conservation and Natural Resources, EPA's Homeland Security Research Center and the U.S. Coast Guard for immediate consideration. The agencies estimate that over 1 million gallons of oil has spilled into the Kalamazoo River as a result of a ruptured pipeline owned and operated by the Canadian oil company Enbridge Inc.
Jay Wesley, a biologist with the state of Michigan, said the oil spill had killed fish in "very limited numbers along the affected stretch of the river from Marshall westward into Battle Creek,…. insects, algae, frogs and turtles along the river have been killed in high numbers -- which could hurt the fish food supply." "The effects are probably going to be more long-term," Wesley said. "We probably won't know the full effects for weeks or months or years."
"We are fully committed to expanding our technology driven product line to meet the rising demand for protections being mandated by governments across the globe to ensure the safety of our shorelines and ecosystems from potential industrial disasters." Edward Andercheck, Chairman and CEO of TIE Technologies Inc, stated, "TIE is projecting substantial revenue growth from the environmental remediation sector; we expect this product line to be evergreen."
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a science and technology driven systems integration, security, smart logistics and telemetrics Company. TIE's Smart Technology Solutions strive to provide better ways of doing things in every market it touches, from large logistical challenges, down to small business needs and mobile smart phone applications. TIE TeleMetrics Services and Acumen architecture are designed to provide real time actionable intelligence to help teams secure critical assets. TIE is actively evolving smart solutions and proprietary critical path technologies for the environmental and security needs of government and institutional customers. TIE Technologies is traded on Pink Sheets
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.