This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

T5 Corp. Signs MOU With AGAS INTERNATIONAL Of Bahrain & Deploys New Technology For The Recycling Of High Hydrocarbon Contaminated Materials

T5 Corp. (OTCBB:TFIV) has shipped the first test units into the Middle East. The test unit can recycle up to a sixty percent hydrocarbon content utilizing energy never used before in desorption technologies. The test units are the latest innovative technology created by the T5 Corp. A team from the T5 Corp. has been traveling the Middle East for the last three months evaluating several sites to deploy the new technology. The Middle East hydrocarbon recycling market is the largest market in the world, with the United Nations estimates exceeding three billion US Dollars. Patrick Garrett, the CEO of T5 Corp., stated, "It has been an interesting three months for T5 Corp. I do not think any of us were expecting the number of significant projects currently available in the Middle East. It was a difficult choice determining the best location to unveil the technology. In the end, the Board of Directors and I were most comfortable deploying the equipment in Bahrain, where the business climate is very progressive.”

Upon the decision to test the unit in Bahrain, T5 Corp. was able to negotiate a Memorandum of Understanding (MOU) with AGAS INTERNATIONAL. AGAS INTERNATIONAL, the flagship company of the AGAS group, owns and operates a 300,000 Metric Ton Per Annum Fuel Oil production plant located adjacent to the Bahrain Petroleum Company (BAPCO) refinery in Bahrain. T5 Corp.’s engineers have estimated the AGAS site to contain over one million tons of contaminated material, of which forty-five percent is expected to have recoverable hydrocarbons. The MOU gives T5 Corp. the opportunity to operate the new technology on the AGAS site and utilize the results to negotiate a commercial contract.

T5 Corp. is in the process of registering their business in Bahrain and setting an office location. T5 Corp. plans on being in full business operations in the Middle East by February 2013. Jesus Solis, responsible for International Business Development with the T5 Corp., commented, "Building a business in Bahrain has been very smooth. The country is full of professionals both in the private and government sector. The Ministries are very helpful and the country encourages foreign business entities. We are enjoying the creation of a new business as well as a long future in the Middle East."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs