NEW YORK, Aug. 23, 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, announced today that it has completed engineering and is prepared to immediately implement its plan to roll out a multi part oil protection system, including the OilDam™, to protect both low energy water flow coastlines and higher energy areas.
According to an article appearing in the Wall Street Journal Friday August 20th, "Oil from the Deepwater Horizon spill formed an underwater plume of hydrocarbons the size of Manhattan, scientists said Thursday, raising fears of a lingering cloud of trace chemicals in the Gulf with an unknown long-term impact."
"Scientists believe that up to 79% of the spill, tens of millions of gallons of crude oil, still remain in the Gulf. Only full height seafloor-to-water surface solutions like OilDam™ can guard from the eventuality of tar balls rolling into marshes and up on the shore," Edward Andercheck, Chairman and CEO of TIE Technologies stated. "We are planning to deliver and install the first sections of our solution to protect Weeks Bay, Alabama within the next two weeks, with other threatened locations to follow."
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 TeleMetric's Services and Acumen architecture are designed to provide real time actionable intelligence to help team's 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 under the symbol "TTCS." For additional information, please visit www.tietechnologies.com.
Forward-Looking Statements
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