Enables Solution Provider on Major Caribbean Basin Island To Provide Healthcare Industry a Regulated Medical Waste Alternative to Stericycle Plus Confidential Document Destruction Services
BETHEL, Conn., Feb. 18 /PRNewswire-FirstCall/ -- MedClean Technologies, Inc. (OTC Bulletin Board: MCLN), a provider of innovative technology and services for onsite treatment and disposal of regulated medical waste (RMW), today announced it has finalized a contract valued at approximately $1 million to provide a turnkey system to a RMW processing provider on a major island in the Caribbean Basin.
This MedClean system includes dual sterilization units, capable of treating 3 million pounds of RMW annually, as well as a high performance, volume reduction shredder. This system will enable the customer to launch a service line providing an economic RMW treatment and processing alternative to Stericycle for the island's healthcare industry. This customer will gain the added capability to effectively address confidential document destruction on the island.
"In addition to validating our ability to address the turnkey hauler facility segment as targeted in MedClean's strategic business plan, this contract is significant for several reasons," said Scott Grisanti, President and Chief Executive Officer of MedClean. "It demonstrates scalability and configurability of the standard technology platform shared by our on-demand containerized solutions. Further, it illustrates our ability to extend our reach beyond the continental U.S. and leverage the MedClean agent network, which was critical to this transaction. Finally, the technical and business collaboration at our company that was required to complete this deal exemplifies our new leadership's thorough and disciplined approach to ensure success for all of our stakeholders. The same cooperative effort that allowed MedClean to develop the patent-pending technology for our on-demand containers was of paramount importance to our ability to design a solution for this complex application."
About MedClean Technologies, Inc.
MedClean Technologies, Inc. is a provider of innovative technology and services for the onsite treatment and disposal of regulated medical waste. MedClean's flagship MedClean(R) Series systems are fully integrated, turnkey technology solutions that enable hospitals and other healthcare providers to safely, efficiently and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities located in Bethel, Connecticut. Further information on MedClean can be found at http://www.medcleantechnologies.com and in filings with the Securities and Exchange Commission found at http://www.sec.gov.
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our most recent Annual Report on Form 10-K for the year ended December 31, 2007, filed with the SEC on March 31, 2008, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Contacts: MedClean Technologies, Inc. Investor Contact: Kevin Dunphy Cameron Donahue Chief Financial Officer Hayden IR (203) 798-1080 (651) 653-1854 firstname.lastname@example.org email@example.com
|SOURCE MedClean Technologies, Inc.|
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