May 24, 2007 — VeruTEK Technologies, Inc. has completed its acquisition of publicly traded Streamscape Minerals, Inc., which will operate under the name VeruTEK, Inc. and will trade on the Over-the-Counter Bulletin Board under its new ticker symbol VTKT.OB.
The company has also announced the availability of its S-ISCO and S-ESCO coelution technologies designed to remedy environmental contamination from petroleum, chlorinated solvents, pesticides, herbicides, PCBs, dioxin, and other toxic chemicals “in place,” eliminating the need for costly excavation.
Traditional environmental remediation solutions involve the costly removal of vast quantities of contaminated soil. Often deeper contamination is left in place and the contaminants continue to impact the community. VeruTEK’s products promises safe treatment in situ by combining natural surfactants and oxidant chemistries in a manner that provides controlled dissolution and oxidation. The company says this is the first approach that holistically treats soil, groundwater, and soil gas contamination.
The products enable treatment to remove contaminants from soils, groundwater and soil vapor, even beneath existing houses and buildings. S-ISCO (surfactant-enhanced in-situ chemical oxidation) is a below ground coelute oxidant-cosolvent/surfactant mixture designed to destroy subsurface non-aqueous phase liquids (NAPLs).
S-ESCO (surfactant-enhanced ex-situ chemical oxidation) is an above-ground solution that combines in-situ soil mixing with ex-situ soil treatment and overcomes the inherent costs and limitations of excavation.
The environmental remediation market is estimated at $20 billion annually according to the EPA. Government mandated corporate reserves for remediation often exceed $100M and can exceed $1000M (SEC 2006).