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News Releases
Universal Ice Blast Inc. Announces 40:1 reverse split of
its issued stock effective January 31, 2005.
KIRKLAND, WA--(MARKET WIRE)—Jan 31, 2005 -- Universal Ice Blast Inc. (OTC
BB:UIBIE.OB
-
News) The Company has announced that effective January 31, 2005 it has
reverse split issued stock by 40:1,
for shareholders of record as of January 31, 2005. No money
will be paid for fractional shares; any fractional shares will be rounded to the
nearest whole number.
Universal Ice Blast Inc.’s board made this decision after careful
consideration of the recent 24 months trading of its stock. Mr. Clarke,
Chairman and CEO, offered the following circumstances that affected this
decision, “The market has placed a valuation of the Company that does not
reflect the internal valuation of the Company by its management. We believe
that the capital markets should provide three important elements to shareholders
and stakeholders; (i) liquidity for existing and future shareholders; (ii)
reasonable and fair valuation of the enterprise and (iii) access to cash
investment by the Company for its enterprise. Despite the continued improvements
in the technology and operations in the second half of 2003 and the twelve
months of 2004, there was no corresponding improvement in the market price of
the stock.” This has adversely affected all shareholders.
“This step would appear to be counter productive and make the Company more
vulnerable to short sellers and manipulation by Market Makers,” says Clarke,
“however, we believe we are able to attract investors at prices greater than the
current valuation because of the better positioning of the technology in its
worldwide markets.” Recent press releases show that the Company has executed
its license strategy in its major markets, and that this strategy will provide
continuing progress toward profitability.
Since 1995,
Universal Ice Blast, Inc. has successfully developed and tested its patented Ice
Blast Technology as a superior alternative for use in: Precision Cleaning
(automated production cleaning/de-burring); Industrial Cleaning (fixed systems
parts cleaning, petro-chemical and pulp and paper); and Environmental Cleaning
(lead paint and asbestos abatement off steel bridges and building structures).
The Company conducts field research with major clients and has strategic
partnerships through which it licenses its technology. Headquartered in Seattle,
WA, the Company operates in U.S. markets and (via European partners) throughout
Europe.
Contact:
Universal Ice Blast Inc.
info@iceblast.net
5-7-03:
Universal Ice Blast Opens Detroit Testing Facility
KIRKLAND, Wash.--(BUSINESS
WIRE)--May 7, 2003--Universal Ice Blast, Inc. (OTCBB:UIBI), announced today that
it had opened a testing facility in the Detroit area to improve its ability to
respond to the growing needs of its customers within the automotive industry.
In response to increased quotation
activities, UIBI has opened a testing facility in Fraser, Michigan, for testing
and process development for the automotive industry. This facility is provided
by a major Tier-One supplier with which UIBI has developed a close working
relationship. "This facility will allow us to quickly optimize a process
for customers while reducing engineering costs in our quotation process,"
said Sam Visaisouk, Ph.D., president, who was recently interviewed by Francis
Gaskins, editor of IPOdesktop.com.
CLICK TO LISTEN to the interview.
RealAudio: http://gaskinsco.com/UIBI-SamV.ram
WindowsMedia: http://mmslb.eonstreams.com/gaskins/UIBI-SamV.wma
(If these are not direct links,
simply copy and paste to your Internet browser to listen to the interview.)
In April, UIBI demonstrated its ice
blast paint removal process for the recreational marine market for the Macomb
County Health Department of Michigan. The project was funded by the Michigan
Department of Environmental Quality as a viable process for the removal of
anti-fouling paint from fiberglass boats. The demonstration confirmed the
environmental benefits as well as the overall productivity of the ice blast
process. Macomb County has one of the highest numbers of registered boats per
capita in North America.
Rory Clarke, chairman and CEO of
UIBI, noted, "We have previously tested our ice blast process for this
application but this demonstration makes the results official. As a result of
the successful demonstration, we have initiated discussions with some local
parties about a potential business venture."
This week, UIBI will be
participating in the Rotterdam Industrial Maintenance Show, following its recent
successful completion of a high-profile asbestos abatement project at DOW
Holland. This will give UIBI tremendous exposure to the petrochemical
maintenance sector in Europe.
About Universal Ice Blast
Universal Ice Blast, Inc. has a
patented process known as the Ice Blast Technology. UIBI has positioned the
technology into three, billion-dollar markets: Precision Cleaning (automated
production cleaning/de-burring): Industrial Cleaning (fixed systems parts
cleaning, petro-chemical and pulp and paper): and Environmental Cleaning (lead
paint and asbestos abatement off steel bridges and building structures). Since
1995 the company has actively engaged in developing its technology for these
markets. Substantial testing and field research with major clients within large
markets has now brought the company to full commercialization of its products in
these markets.
Safe Harbor Statement
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual future events
or results. Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future events
and actual results could differ materially from those set forth in, contemplated
by, or underlying the forward-looking statements.
4-14-03:
UNIVERSAL ICE BLAST RECEIVES 4th PATENT FOR ITS PRESSURE ICE BLAST
SYSTEM
Company Completes Dow Europe Job
in Record Time
KIRKLAND,
WA. April 14, 2003--
Universal Ice Blast, Inc. (OTCBB: UIBI), announced today that it received a
fourth patent from the United States Patent Office covering its proprietary ice
blast technology. The Company also has several patents pending in the U.S. and
Europe..
"This
new patent is another important step as it further strengthens our technology
against competitors,” notes Sam Visaisouk, President and COO of UIBI. “It
helps us enter new markets, such as the Fast Food and Food Processing sectors,
which lend themselves to machine rental. Our revenue from this market could
eventually reach $5 to $8 million a year, if we achieve a 10 percent market
share,” concludes Visaisouk.
Rory
Clarke, Chairman and CEO of UIBI notes, "Our rental business continues to
grow. Ice Blast achieved extraordinary results on the Dow Europe job. We
completed the asbestos/ceramic fiber abatement well within budget and schedule,
laying the groundwork for future business for UIBI. Both the general contractor
and the facility owner are extremely satisfied with the performance of our ice
blast process."
The
Company continues to grow its rental fleet having just added two machines
targeted for the Environmental market. In March, a Hawaiian contractor rented
equipment for a lead-based paint abatement project and an Oregon contractor will
use Ice Blast for an asbestos abatement job this month.
Universal Ice Blast, Inc. has a
patented process known as the Ice Blast Technology. UIBI has positioned the
technology into three billion-dollar markets:
Precision Cleaning (automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995, the company has actively engaged in developing its technology
for these markets. Substantial testing and field-research with major clients
within large markets has now brought the company to full commercialization of
its products in these markets.
“Although
rental revenues from these projects are relatively modest at the present time,
the return on investment exceeds 100 percent.
The Company will continue to add to its rental fleet and pursue this
multimillion dollar market,” says Rory Clarke, Chairman and CEO.
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future events
and actual results could differ materially from those set forth in, contemplated
by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310)
360-1499
Devon
Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
4-03-03:
FORD, METALDYNE,
AND UNIVERSAL ICE BLAST ENTER INTO WORKING ARRANGEMENT
KIRKLAND,
WA. April 3, 2003-- Universal
Ice Blast, Inc. (OTCBB: UIBI), announced today that it has entered into a
tri-party working arrangement with Ford’s Advanced Manufacturing Technology
Development Group (AMTD) and Metaldyne to perform tests on transmission parts
from Ford’s Van Dyke plant.
Rory
Clarke, Chairman and CEO of UIBI notes, “Ford and Metaldyne will use Ice Blast
technology to both clean and remove burrs and flashing resulting from the
manufacturing processes. This agreement represents another entry point into the
Precision Cleaning market, a market that could reach $670 million over the next
10 years. The arrangement should result in sales of equipment this year and
additional revenues as we gain experience in this application specific
market.”
Metaldyne,
a $7 billion conglomerate and Tier 1 supplier, has agreed to provide
infrastructure and operational support, AMTD will provide robotic and ice
blasting equipment, and UIBI will provide technical personnel and expertise to
assess and perform the tests.
“I
am especially pleased that it is being recognized that our ice blast technology
directly addresses the problems of delaminating caused by high pressure water
blasting and at the same time delivering a reduction in contamination. With its
low pressure yet effective cleaning mechanism we can deliver remedies and cost
reductions to manufacturers, “ says Clarke.
In
addition to two specific projects, UIBI will evaluate other opportunities in the
deburring/de-flashing/cleaning of products manufactured by Metaldyne which
provides 75 percent of the valve bodies to upstream manufacturers.
Universal Ice Blast, Inc. has a
patented process known as the Ice Blast Technology. UIBI has positioned the
technology into three billion-dollar markets:
Precision Cleaning (automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995, the company has actively engaged in developing its technology
for these markets. Substantial testing and field-research with major clients
within large markets has now brought the company to full commercialization of
its products in these markets.
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future events
and actual results could differ materially from those set forth in, contemplated
by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310)
360-1499
Devon
Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
3-14-03: DETAILED
SHAREHOLDER LETTER
We have come across a delay in editing, please check back later this week. If
you would like to receive an email notice when this letter becomes available
online please email kellyf@iceblast.net.
We are very sorry for the inconvenience, we hope to get this letter to you as
soon as possible.
3-12-03: UNIVERSAL ICE
BLAST REPORTS
PROGRESS
TO SHAREHOLDERS
KIRKLAND,
WA. March 12, 2003--
Universal Ice Blast, Inc. (OTCBB: UIBI), today sent the following letter to its
shareholders:
Dear
Shareholder:
I want
to report the exciting progress and developments at Universal Ice Blast. During
the first two months of 2003, we have received a record $3 million requests for
quotes. While these quotes only represent potential revenue, they are the
strongest non-financial indicator that Ford and other major companies are
seriously considering our technology.
The
automotive market continues to be our best opportunity for short and long term
revenue growth. We have re-qualified our gear machine at Ford Motor Company,
producing outstanding results, far better than anyone at Ford expected. Since
then the Company has seen an increase in opportunities and firming up of orders
such as our recently announced purchase order for an automated rust inhibitor
spray station. We expect more to come.
A very
recent visit to UIBI's corporate offices by Ford's Advanced Manufacturing
Technology Development Group involved testing the Ice Blast cleaning system on
two transmission components. The results could lead to a joint development
program to further enhance the ice blast technology for deburring valve bodies
and other transmission components. Ford is also considering specifying ice blast
as the cleaning process for one component.
I can
also report exciting developments with new product and improvements to our
technology. We have increased our blasting capacity by 100 percent through the
development of dual nozzles from one icemaker. These improvements will be
available on our next generation gear cleaning and deburring machines.
We
expect to soon deliver our new SXB40, a booth with integrated ice blast ability
targeted for the nuclear, industrial and automotive markets. Improvements in
nozzle design will be seen on all new products. These enhancements should reduce
operating costs by reduced air or power consumption, possibly both.
Since
we founded this company in 1995, I have never been more committed and excited
about the opportunities that are being presented to Ice Blast on almost a daily
basis. I want to take this
opportunity to thank each and every one of you for your support over the years.
I look forward to rewarding you for your patience with more exciting news as we
progress to profitability.
Sincerely,
Rory Clarke, Chairman and CEO
A
more detailed Letter To Shareholders will be available on our website http://www.iceblast.net/
on Friday, March 14.
This release may contain
forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future
events or results. Forward-looking
statements are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying the
forward-looking statements.
Contact:
The Blaine Group (310) 360-1499
Devon Blaine: mailto:Blaine@pacificnet.net
Richard M. Goldman: mailto:rmgoldman@post.harvard.edu
3-05-03:
Dow
Chemical Europe to Use Universal Ice Blast Technology for Asbestos Abatement
KIRKLAND,
WA. March 5, 2003-- Universal
Ice Blast, Inc. (OTCBB: UIBI), announced today that Dow Chemical Europe has
identified UIBI's ice blast technology for a major asbestos abatement project.
Dow Chemical Europe has signed an agreement with Universal Ice Blast,
Inc. and its Dutch Distributor, Heydaal B.V., to lease ice blast equipment to
the abatement contractor working on the project.
The
Company disclosed that it shipped four ice blast machines to Heydaal B.V. in
February 2003. This equipment is part of a rental fleet that the Company is
building to serve the European Industrial and Environmental cleaning markets.
Universal Ice Blast believes that because of its proprietary technology
and first to market position, it is possible to achieve a 10% market share for
its specialized cleaning segment.
Rory
Clarke, Chairman and CEO of UIBI notes “The $120 million revenue potential is
significant since it is generally a recurring income stream that allows the
Company to control its technology and retain ownership of its ice blast
machines. Universal hopes to embark
on a campaign to target customers in the Petroleum, Chemical, Marine and
Manufacturing companies."
"The
basis of our marketing strategy is to rent equipment to contractor companies on
a long and short term basis. UIBI
will provide equipment through Heydaal, who will in turn market and service the
full line of ice blast products. Our
anticipated rental market potential is expected to be 400 to 500 machines,”
says Clarke. “This is part of our
world-wide revenue potential estimated to be $2.1 billion over the next 7 to 10
years.”
Universal
Ice Blast, Inc. has a patented process known as the Ice Blast Technology.
UIBI has positioned the technology into three separate billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial testing and field-research with major clients
within large markets has now brought the company to full commercialization of
its products in these markets.
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future events
and actual results could differ materially from those set forth in, contemplated
by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310) 360-1499
Devon
Blaine
Richard M. Goldman
Blaine@pacificnet.net
<mailto:Blaine@pacificnet.net>
rmgoldman@post.harvard.edu
<mailto:rmgoldman@post.harvard.edu>
2-28-03:
UNIVERSAL
ICE BLAST RECEIVES PURCHASE ORDER FROM FORD MOTOR COMPANY
Ford Orders
Ice Blast’s New Rust Inhibitor System
KIRKLAND,
WA. February 28, 2003--
Universal Ice Blast, Inc. (OTCBB:UIBI), announced today that it has received a
purchase order from Ford Motor Company
for an automated rust inhibitor spray station, a new product from UIBI.
This
follows last year’s installation of Universal Ice Blast’s Automatic Ice
Blast Gear Cleaning Systems, funded jointly by Ford Motor Company’s Factory of
the Future Group, at Ford’s Sharonville Transmission Plant in Ohio.
Rory
Clarke, Chairman and CEO of UIBI noted, “We are
pleased that Ford continues to show interest in our products, even in this
period of reduced capital expenditures. We continue to develop products and
ancillary equipment to augment our patented ice blast cleaning systems.”
Universal
Ice Blast markets a range of products based on its patented ice blast cleaning
process and equipment to Ford, General Motors, Toyota and other automotive
manufacturers, as well as their suppliers.
“We estimate that that sales from our existing and future products to
the world automotive segment could total up to $1.4 billion over the next seven
to 10 years,” noted Clarke. Strong demand for the Company’s ice blast
cleaning technology is projected based on the increasingly competitive
manufacturing environment in which continuous improvement and cost reduction has
become the rule.
Universal Ice Blast, Inc. has a
patented process known as the Ice Blast Technology. UIBI has positioned the technology into three billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310)
360-1499
Devon
Blaine Blaine@pacificnet.net
Richard M. Goldman
rmgoldman@post.harvard.edu
10-17-02:
UNIVERSAL
ICE BLAST SIGNS MANUFACTURING AGREEMENT WITH PROMETCO INC.
Agreement
Will Provide Working Capitol For Automotive Industry Orders
KIRKLAND, WA.
October 17, 2002 -- Universal Ice Blast, Inc. (OTCBB:UIBI) announced
today that they have entered into a manufacturing licensing agreement with
Prometco Inc, a machine builder and metal fabricator in Woodinville, Washington.
“Prometco’s
experience and lean manufacturing capabilities will inevitably lead to lower
costs for us. This agreement will also give Universal Ice Blast the working
capital necessary for orders from the automotive industry,” noted Rory Clarke,
Chairman & CEO of UIBI.
Clarke
went on to observe, “ The quality of Prometco’s product was evident in the
machine we delivered to Ford earlier this year. This
is a win-win for both companies as our product line supplements their machine
building business and at the same time frees our staff to concentrate on product
development, design and marketing. We have developed a close working
relationship with John Mike, COO, and the team at Prometco, working together to
get our product delivered in record time.”
Kees
Dros, Managing Director of Universal Ice Blast Europe, reviews UIBI’s progress
in Europe in an interview with Francis Gaskins of IPODesktop.com. The interview
is available at http://www.stockupticks.com/profiles/10-11-02.html
Universal Ice
Blast, Inc. has a patented process known as the Ice Blast Technology.
UIBI has positioned the technology into three billion-dollar markets: Precision Cleaning (automated production
cleaning/de-burring): Industrial
Cleaning (fixed systems parts cleaning, petro-chemical and pulp and paper): and
Environmental Cleaning (lead paint and asbestos abatement off steel bridges and
building structures). Since 1995
the company has actively engaged in developing its technology for these markets.
Substantial testing and field-research with major clients within large
markets has now brought the company to full commercialization of its products in
these markets.
This release may contain forward-looking
statements that involve risks and uncertainties. These statements may differ materially from actual future
events or results. Forward-looking
statements are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310)
360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
10-02-02:
Universal Ice
Blast Expects European Patent On Core Technology
Company
Has Three Patents Issued And Four Patents Pending
KIRKLAND,
WA. October 2, 2002--
Universal Ice Blast, Inc. (OTCBB:UIBI)
announced today that it has agreed to the final revision of the European patent
application, covering its core ice blast technology. This will automatically
initiate the formal issue of the European patent.
Sam Visaisouk, Ph.D.,
President and COO of UIBI noted, “.Our core patent serves as a foundation for
technological enhancements developed in response to customer requirements.
Strong patent protection is vital for us as we transition from a research and
development company to a marketing company. This allows us to extend our
marketing edge and protect our markets.”
UIBI has also filed additional
international and U.S. patent applications. Based on experience from the recent
successful 6 Sigma evaluation of the ice blast technology at Ford Motor Company,
UIBI has developed features and conditions to further improve its ice blast
capability, some of which are embodied in the new patent applications.
“Broad and specific patent
coverage is of fundamental importance to UIBI because it allows us to develop
different markets systematically and puts us in a position of strength when and
if we decide to license these markets,” says Rory Clarke, Chairman and CEO.
Christenson, O’Conner,
Johnson and Kindness, a leading intellectual property firm in Seattle, WA.
handles all UIBI patent and trademark matters.
Universal Ice Blast, Inc. has
a patented process known as the Ice Blast Technology. UIBI has positioned the technology into three, billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
This release may contain
forward-looking statements that involve risks and uncertainties.
These statements may differ materially from actual future events or
results. Forward-looking statements
are inherently subject to risks and uncertainties, some of which cannot be
predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310) 360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
9-24-02:
Universal Ice
Blast Technology Successfully Tested For Nuclear Decontamination
Homeland
Security Concerns Offer Opportunity
KIRKLAND, WA.
September 24, 2002 -- Universal Ice Blast, Inc.
(OTCBB:UIBI) announced today that their Ice Blast technology has been
successfully tested and proven for nuclear decontamination.
Both Oak Ridge National Laboratory and the Idaho National Engineering and
Environmental Laboratory have achieved superior decon results with Ice Blast.
The INEEL report stated: “…the
easy choice for routine use with guaranteed results is the Universal Ice Blast,
Inc. Ice Blast system. It was the
winner in effectiveness and also in nearly every category of the criteria
evaluation.”
“With today’s extreme
concern for Homeland Security and dirty bombs in particular, the validation of
the ice blast technology for nuclear cleanup presents a major opportunity for
the company. We are now ready to expand beyond the automotive industry,” added
Sam Visaisouk, Ph.D., President and COO of UIBI.
Since Universal Ice Blast has
achieved 6 Sigma capability, following the successful installation at Ford’s
Sharonville, Ohio plant, the Ford Motor Company has requested quotes for
additional machines.
“The acceptance of the Ice
Blast technology for the automotive and nuclear industries, as well as its
proven use for lead paint abatement and general industrial cleaning, bodes well
for successfully accomplishing our business plan,” noted Visaisouk.
Universal Ice Blast, Inc. has a patented process known as the Ice Blast
Technology. UIBI has positioned the
technology into three, billion-dollar markets:
Precision Cleaning (automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
This release may contain
forward-looking statements that involve risks and uncertainties.
These statements may differ materially from actual future events or
results. Forward-looking statements
are inherently subject to risks and uncertainties, some of which cannot be
predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements.
Contact:
The Blaine Group (310) 360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
9-17-02:
Universal Ice Blast Receives 6
Sigma Accreditation
KIRKLAND, WA.
September 17, 2002-- Universal Ice Blast, Inc. (OTCBB:UIBI) announced today that they have received 6 Sigma
approval and accreditation. 6 Sigma is a rigorous application of proven quality
management tools extensively used by General Electric and is widely accepted,
including in Japan and Europe. Ford Motor Company and many other large
industrial firms require that its suppliers have 6 Sigma
accreditation.
This may have a significant impact on Universal Ice
Blast for several reasons, among them is that ice blast products can be sold to
Ford Group companies in Europe (Volvo, Jaguar, and Ford Europe) as well as Mazda
in Japan. In addition the
accreditation will make it easier to conclude deals with GM, Daimler Chrysler,
and Japanese automakers in Asia. The problems Universal Ice Blast addressed at
Ford exist in other automotive manufacturing plants worldwide. Management has
estimated that the worldwide market for its products in automotive is $1.4
billion which it sees can be achieved over the next 10 years.
Universal Ice Blast, Inc. has
a patented process known as the Ice Blast Technology. UIBI has positioned the technology into three, billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
A research report on Universal
Ice Blast was recently released by Howlett Research Corp., a prominent research
boutique led by Jeff Howlett. The report is available at www.howlett-research.com
and at UIBI’s web site www.iceblast.net
Francis Gaskins interviewed Rory Clarke, UIBI’S CEO,
for IPOdesktop.com The interview is available at www.iceblast.net
This release may contain forward-looking statements
that involve risks and uncertainties. These
statements may differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
Contact:
The Blaine Group
(310) 360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
9-16-02:
ICE
BLAST CLEANING – A DISRUPTIVE TECHNOLOGY
A web
radio series featuring interviews with CEOs, by IPOdesktop.com
Los Angeles, Calif.--(PRNewswire)—September 16, 2002—IPOdesktop.com
presents “Ice blast cleaning – a disruptive technology,” a web radio show
with Rory Clarke, Chairman & CEO of Universal Ice Blast (OTC Bulletin
Board:UIBI). UIBI has a patented process known as the Ice Blast Technology and
is focused on its $2 billion market.
CEO Guest: Rory Clarke Chairman & CEO of Universal Ice
Blast
Show host: Francis Gaskins, Editor, http://IPOdesktop.com
TO LISTEN CLICK: For RealAudio http://gaskinsco.com/uibi.ram
or http://www.stockupticks.com
For Windows Media http://gaskinsco.com/uibi.asx
(If this is not a direct link simply copy and paste to your
Internet browser to listen to the interview)
RADIO SHOW AGENDA
TARGET MARKETS
Two billion dollar market comprised of :
. Precision Cleaning (automated production
cleaning/de-burring)
. Industrial Cleaning (fixed systems parts cleaning, petro-chemical
and pulp and paper)
. Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures)
ROLL OUT STRATEGY
ICEBLAST TECHNOLOGY
. Hybrid between abrasive (sand) and non-abrasive (water)
. Advantages include no substrate damage, high degree of
cleaning with no residue, environmentally benign, generates no waste, is dust
free
. Has the potential to displace existing technologies
PRODUCT/SER
VICES
. UIBI ice blast technology is a First and Only
. UIBI has received 6 Sigma approval and accreditation
(6 Sigma is a rigorous application of proven quality
management tools developed under Jack Welch at General Electric and is widely
accepted, including in Japan and Europe.)
FORD MOTOR
$600 BILLION NUCLEAR INDUSTRY
JAPANESE MARKET
EUROPEAN MARKET
PATENTS
FINANCIAL PERFORMANCE
Forward Looking Statements
http://gaskinsco.com/forwardlooking.htm
About Universal Iceblast http://www.iceblast.net
Universal Ice Blast, Inc. has a patented process known as
the Ice Blast Technology. UIBI has positioned the technology into markets which
total over two billion dollars: Precision Cleaning (automated production
cleaning/de-burring): Industrial Cleaning (fixed systems parts cleaning, petro-chemical
and pulp and paper): and Environmental Cleaning (lead paint and asbestos
abatement off steel bridges and building structures). Since 1995 the company has
actively engaged in developing its technology for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
Contact: The Blaine Group (310) 360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
9-14-02:
UNIVERSAL
ICE BLAST SIGNS $6 MILLION FINANCING AGREEMENT WITH FUSION CAPITAL
Company
To Use Funds To Expand Marketing Efforts
KIRKLAND, WA. November 14, 2002 -- Universal Ice Blast, Inc. (OTCBB:UIBI),
the developer of the patented ice blast cleaning technology, announced today
that it has entered into a common stock purchase agreement with Fusion Capital
Fund II, LLC, a Chicago, IL- based institutional investor. Under terms of the
agreement, Fusion Capital agrees to purchase up to $6 million of Universal Ice
Blast’s common stock.
Universal Ice Blast will control the
timing and amount of stock sold to Fusion. The purchase price of the shares will
be based on the market price of UIBI’s stock at the time of sale. Sales will
commence after the Securities & Exchange Commission has approved a
registration statement covering the shares. For more detailed information on
this transaction please refer to the recently filed third quarter statement to
which the Fusion Capital agreement is appended.
“This capital commitment demonstrates
significant confidence in the future of Universal Ice Blast and in its
management team,” commented Rory Clarke, Chairman and CEO of UIBI. “This
financing gives us tremendous flexibility and greater financial security,” he
added.
Clarke also noted, “This financing will
help provide funding to continue to commercialize our proprietary ice blast
technology so we can increase our sales and licensing to the multi billion
dollar industrial cleaning market. We are excited about adding Fusion Capital to
our team and expect them to be a valuable and long-term financial business
partner.”
Universal Ice Blast, Inc. has a patented
process known as the Ice Blast Technology.
UIBI has positioned the technology into three billion-dollar markets:
Precision Cleaning (automated production cleaning/de-burring),
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper), and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
Fusion Capital Fund II, LLC is an
innovative, broad-based investment fund based in Chicago that offers a wide
range of investment products ranging from special situation financing to
long-term strategic capital. They are dedicated to meeting the business needs of
their partner companies.
To access analytical audio interviews
with UIBI’s CEO Rory Clarke by Francis Gaskins, Editor of http://IPOdesktop.com
click here… http://gaskinsco.com/uibi-interviews.htm
This release may contain forward-looking
statements that involve risks and uncertainties. These statements may differ materially from actual future
events or results. Forward-looking
statements are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements.
Contact: The Blaine Group
(310) 360-1499
Devon Blaine
Richard M. Goldman
Universal Ice Blast, Inc.
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
www.iceblast.net
Source: Universal Ice Blast,
Inc.
9-12-02:
Universal
Ice Blast Announces Second Quarter Results,
Best
Revenue Quarter Ever, Revenue Increases 553%
KIRKLAND, WA.
Sept 12, 2002 -- Universal Ice Blast, Inc.
(OTCBB:UIBI) announced today that revenues increased 553 percent for the
three months ended June 30, 2002 compared to the same quarter the prior year.
The increase in sales reflects the recognition of revenue on the Ford Motor Co.
gear cleaning system.
Rory Clarke, Chairman &
CEO of UIBI recently announced that UIBI’s equipment has been delivered and is
now operating at Ford’s Sharonville Ohio plant.
The Automated Iceblast cleaning system is the first installation of its
type in automotive history. “We are especially pleased because, since the
initial installation, Ford has requested quotes for additional machines which,
if ordered, will represent over $1 million in sales,” Clarke noted. Also
requirements for additional machines within Ford and other companies are
currently being identified and actively pursued. These opportunities are
expected to generate more orders in the near future.
“While the company has yet
to achieve profitability, the high expense ratio reflects our transition from a
research and development company to a marketing company.” Clarke added,
“substantial resources were required to gain Fords approval of the Ice Blast
technology, this represented a significant investment in our company’s
future.”
A research report on Universal
Ice Blast was recently released by Howlett Research Corp., a prominent research
boutique led by Jeff Howlett. The report is available at www.howlett-research.com
and at UIBI’s web site www.iceblast.net .
Universal Ice Blast, Inc., has
a patented process known as the Ice Blast Technology. UIBI has positioned the technology into three billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring); Industrial Cleaning (fixed systems
parts cleaning, petro-chemical and pulp and paper); and Environmental Cleaning
(lead paint and asbestos abatement off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial testing and field-research with major clients
within large markets has now brought the company to full commercialization of
its products in these markets.
This
release may contain forward-looking statements that involve risks and
uncertainties.
These statement may differ materially from actual future events or
results. Forward-looking
statements are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
Contact: The
Blaine Group (310) 360-1499
Devon Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
9-09-02:
FORD
MOTOR COMPANY REQUESTS QUOTE FOR TWO ADDITIONAL GEAR CLEANING SYSTEMS FROM
UNIVERSAL ICE BLAST
Request Follows Successful Installation At Ford’s
Sharonville, Ohio Plant
KIRKLAND, WA. September
9, 2002 -- Universal Ice Blast,
Inc. (OTCBB:UIBI) announced today
that they have submitted a proposal to supply two more Automatic Ice Blast Gear
Cleaning Systems to Ford Motor Company. Rory Clarke, Chairman & CEO of UIBI, noted that,
“Funded by Ford Motor Company’s Factory of the Future, our equipment has
been delivered and is now operating at Ford’s Sharonville, Ohio plant, a first
in automotive history.”
“We are especially pleased because, since the initial
installation, UIBI has been able to offer quotes for two additional machines
which, if ordered, will represent over $1 million in sales,”
Mr. Clarke added. Delivery of these products is estimated to be Q4 2002
and Q2 2003.
Universal Ice Blast, Inc. has a patented process known as
the Ice Blast Technology. UIBI has
positioned the technology into three, billion-dollar markets:
Precision Cleaning (automated production cleaning/de-burring):
Industrial Cleaning (fixed systems parts cleaning, petro-chemical and
pulp and paper): and Environmental Cleaning (lead paint and asbestos abatement
off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial
testing and field-research with major clients within large markets has now
brought the company to full commercialization of its products in these markets.
A research report on Universal Ice Blast was recently
released by Howlett Research Corp., a prominent research boutique led by Jeff
Howlett. The report is available at www.howlett-research.com
and at UIBI’s web site
www.iceblast.net . Wall Street Reporter
interviewed Rory Clarke. The interview is available at http://www.wallstreetreporter.com/v2/html/frontpage/index.asp
This
release may contain forward-looking statements that involve risks and
uncertainties. These statement may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
Contact: The Blaine Group (310)
360-1499
Devon
Blaine
Richard M. Goldman
Blaine@pacificnet.net
rmgoldman@post.harvard.edu
Back
to Index
09-05-02:
Universal
Ice Blast Shares Recommended by Howlett Research at www.howlett-research.com
KIRKLAND,
WA, Sept. 5, 2002 -- Universal Ice Blast, Inc. (OTCBB:UIBI) announced
today that its shares have been recommended in an analyst report just
released by Howlett Research Corp., a prominent research boutique led by Jeff
Howlett. The report on Universal Ice Blast, Inc. can be found at www.howlett-research.com
Universal Ice Blast, Inc.,
has a patented process known as the Ice Blast Technology. UIBI has positioned the technology into three billion-dollar
markets: Precision Cleaning
(automated production cleaning/de-burring); Industrial Cleaning (fixed systems
parts cleaning, petro-chemical and pulp and paper); and Environmental Cleaning
(lead paint and asbestos abatement off steel bridges and building structures).
Since 1995 the company has actively engaged in developing its technology
for these markets. Substantial testing and field research with major clients
within large markets has now brought the company to full commercialization of
its products in these markets.
Mr. Howlett
notes that UIBI’s unique, patented technology has had success with a range of
early adopters, and this is expected to lead to a ramp up in sales and licensing
revenue streams through 2002 and beyond. The report says “ We believe the
revenue potential for UIBI is
significant and could begin in the near term.” He concludes “The stock
clearly offers potential for much than normal returns, but should be seen as
speculative.”
Mr. Howlett
is a financial analyst with over 15 years of experience. For the past nine years
he has provided research services to companies lacking adequate coverage. He was
previously affiliated with a major Canadian investment firm and has received a
B. S. in Economics from the Wharton School of the University of Pennsylvania.
This
release may contain forward-looking statements that involve risks and
uncertainties. These statements may
differ materially from actual future events or results.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Future events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking statements.
Howlett Research Corp. has accepted
a fee for preparing this report.
Contact:
The Blaine Group
(310) 360-1499
Devon
Blaine
Richard M. Goldman
blaine@pacificnet.net rmgoldman@post.harvard.edu
Back
to Index
09-03-02
Dear Valued Shareholder:
Universal Ice Blast has numerous exciting recent events to report.
Our second quarter of ’02 was our best quarter ever. Revenue exceeded the
entire prior year. While the company has yet to achieve profitability, the high
expense ratio reflects our transition from a research and development company to
a marketing company and many one-time only expenses relate to this.
Our ice blast equipment is the first and only equipment of its kind.
Funded by Ford Motor Company’s Factory of the Future, our equipment has
been delivered and is now operating at Ford’s Sharonville, Ohio plant, a first
in automotive history. We are especially pleased because, since the initial
installation, Ford has requested proposals (RFQ) for two additional machines
which, if ordered, will represent over $1 million in sales.
Equally exciting is the fact that your company has received 6 Sigma approval
and accreditation. 6 Sigma is a rigorous application of proven quality
management tools developed under Jack Welch at General Electric and is widely
accepted, including in Japan and Europe.
We are also moving forward in the $600 billion nuclear industry. In the
current quarter we will ship an ice blast machine to Ontario Power Generation in
Canada. Our equipment is also installed and operational at Bruce Power (a
subsidiary of British Energy) in Ontario, Canada.
On the patent front, we have filed for four additional patents in addition to
the three patents already issued. We expect to receive a European patent by year
end and have recently filed a patent to cover new applications in the automotive
industry.
As part of our transition, we have assembled a team of experienced
professionals to handle public relations and product promotion Howlett Research
Corporation will issue a research report on UIBI shortly which will be available
at www.iceblast.net
In order to keep you informed on your company’s progress, we want to send
you copies of our press releases. Please fill out the attached form if you wish
to receive this information.
In summary, your company is moving ahead aggressively and I will keep you
informed on a regular basis.
Cordially,
Rory Clarke
Chairman & CEO
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The Statements contained in this letter which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements including, but not limited to, certain delays beyond
the company’s control, delays in development and testing of products.
Back to Index
Williams
& Webster, P.S. appointed auditors for Universal Ice Blast, Inc.
KIRKLAND, Wash., April 8th 2002 PR/Newswire
Universal Ice Blast, Inc. (UIBI) has appointed Williams
& Webster, P.S. of Spokane WA as auditors effective immediately.
On April 2, 2002 Moss Adams informed Universal Ice Blast, Inc that they
would not stand for re-appointment as principal accountants of the Company.
The reasons were related to UIBI being too small for Moss Adams
risk/reward profile.
The company has filed a notice with the SEC that it will be
late in filing its Form 10, the annual financial statement.
The financial statements have been prepared by the company and are ready
for audit. There are no issues outstanding between Moss Adams and the Company
and Moss Adams will fully co-operate with the incoming auditors, Williams &
Webster, P.S.
In the first quarter of 2002 the company has made progress
on several fronts. Universal Ice Blast is pleased to announce the following:
Ford Motor Company.
UIBI delivered the first ice blast gear cleaning system
into the automotive market in January. This machine became fully operational in
March after several factory-induced delays. The gear cleaning system is required
to undergo 3 months of testing as part of the Six Sigma Implementation Ready
process. Due to the installation delays, testing began the middle of March.
Since implementation, the machine has performed as expected, running 2 shifts
per day. “The cleanliness achieved using ice blast is a significant
improvement over water blast. We are extremely pleased with the performance of
the system, as are the machine operators at the plant”, says Rory Clarke,
company chairman. “Once we are in receipt of the Implementation Ready status,
we anticipate orders for additional gear cleaning machines.”
UIBI has received several inquiries from other auto
manufacturers and Tier One suppliers because of the impact the technology is
making in the market place.
Canadian Nuclear Orders.
UIBI received two orders for its CX91 product from the
Ontario Provincial Government and a large multinational company, Bruce Power.
Delivery will be in the second quarter of 2002.
Japanese Market.
UIBI will ship a CX 91 machine to a sales and marketing
group in Japan. They will provide testing for Toyota and other automotive
clients. UIBI has received several inquiries from Japan regarding products for
deburring and cleaning gear components.
European Market.
UIBI has agreed to purchase its current Dutch distributor.
This business deal, expected to close in the second quarter of 2002, will
provide UIBI with an immediate sales and marketing team in Europe.
“Our objective is to set up a self-financed subsidiary that will be
responsible for raising the necessary funds to go forward in Europe,” states
Clarke. “We are very excited about this venture. We have worked closely for
years with our Dutch distributor and feel their contribution and knowledge of
Ice Blast will provide an immediate edge in Marketing our products in Europe.”
To
learn more about Universal Ice Blast, Inc., please check out our website at www.iceblast.net. Universal Ice Blast, Inc. a manufacturer of chemical-free, dust-free,
VOC-free ice blast machines.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of 1995: The
statements contained in this release which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays beyond
the company's control, delays in development and testing of products.
SOURCE:
Universal Ice Blast, Inc.
CONTACT: ir@iceblast.net
Back
to Index
01-29-02:
NEW APPOINTMENTS
AT UNIVERSAL ICE BLAST, INC
Mr. Tony Tonello Vice President,
Marketing and Engineering Sales
Mr. E.
Tony Tonello has joined the management team as Vice President Marketing and
Engineering Sales. He will be responsible for expanding UIBI’s market presence
in the Precision Cleaning market. Mr. Tonello has 33 years of manufacturing
engineering experience with Ford. Prior
to his recent retirement, Mr. Tonello was charged with the Worldwide
responsibility for gear gauging quality and spent several years in management at
the Automatic Transmission New Products (Prototype) center in Livonia MI.
Mr.
Tonello holds a Bachelors degree in Mechanical Engineering from Wayne State
University in Detroit, Michigan.
“Mr.
Tonello will be a significant contributor to our corporation with his experience
in machine design and systems integration for high volume manufacturing.
He complements UIBI’s focus on total system integration of cleaning,
de-chipping and deburring equipment,” says Clarke. “The automotive machine
tool market is a major component in our corporate strategy. The contamination
problems occurring in transmission and engine manufacture exist throughout the
industry, worldwide. Interestingly we have seen opportunities in other
manufacturing segments that have cleaning and deburring concerns.”
“While
the Ford gear cleaning system was developed specifically to deal with cleaning
(washing), the technology has proved to be very effective in deburring and
de-chipping, in addition to its cleaning capabilities.
The action of the ice particles with its unique displace-scrub-flush
mechanism, provides a huge range of opportunities within this substantial
market”, says Dr. Visaisouk, President and COO. “My recent trip to Japan
clearly indicates the acceptance of our line of transmission cleaning/deburring
products. We have a high expectation to convert these enquiries into sales for
2002. Additionally, we are
responding to interest from Europe for automated ice blast systems for
non-automotive clients.”
Mr. David
Saporta Vice President and Chief Financial Officer
The company is
also pleased to announce the appointment of David Saporta as VP and CFO
effective immediately. Mr. Saporta
brings to the company 25 years as a senior financial executive with
international experience in financial modeling, mergers and acquisitions in
addition to his role as an accountant. Most
recently Mr. Saporta was Director of Transaction Services at
PricewaterhouseCoopers.
Mr. Saporta is a
Certified Public Accountant and a member of the Board of Directors of the
Washington Society of CPAs.
“The direction
of the company requires the experience that Mr. Saporta brings to the company to
ensure that UIBI can execute its strategic initiatives. The UIBI strategic
business plan includes revenue estimates of $2 billion from total worldwide
revenue potential for its ice blast technology.
In order for the technology to achieve sales of this magnitude, the
company will license its technology to companies that have these among other
attributes: significant branding, distribution and sales and customer
support,” says Clarke. “This
next phase of our company is going to establish the value that we saw for our
technology many years ago, and with David Saporta we are adding to the core
competency of our existing staff.”
Corporate
Officer Appointment.
Mr. Mark Maier, who joined the company as
Chief Engineer in October 2001, has been appointed a Vice President of the
corporation.
To learn more about Universal Ice Blast,
Inc., please check out our website at www.iceblast.net.
Universal Ice Blast, Inc. a manufacturer of chemical-free, dust-free, VOC-free
ice blast machines.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of 1995: The
statements contained in this release which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays beyond
the company's control, delays in development and testing of products.
SOURCE:
Universal Ice Blast, Inc.
CONTACT: kellyf@iceblast.net
Back
to Index
01-15-02:
ICE
BLAST IS A FINALIST IN PRESTIGIOUS AWARD
KIRKLAND, Wash., January 15, 2002 /PRNewswire
Universal Ice Blast, Inc (UIBI) is proud to announce that their patented ice
blast technology has been recognized by the Construction Innovation Forum (CIF)
and is a finalist for their prestigious NOVA award. The mission of the CIF and
its international NOVA award is to ‘illuminate the innovations and innovators
that have made important contributions to the construction industry’.
“The NOVA award receives entries
from all over the world and in all areas of construction, I feel very honored
that we have been chosen as a finalist,” states Sam Visaisouk company
president. “We have spent many years developing our technology and researching
applicable markets, we are thrilled to be recognized by the construction
industry”.
The NOVA award winner will be
announced in the first quarter of 2002. UIBI was recognized last year as a semi
finalist in the Discover Magazine Award for Technological Innovation and is
happy to add this additional recognition to its credits.
To learn more about Universal Ice
Blast, Inc., please check out our website at www.iceblast.net. Universal Ice
Blast, Inc. a manufacturer of chemical-free, dust-free, VOC-free ice blast
machines.
Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: The statements contained in
this release which are not historical are forward-looking statements that are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements, including,
but not limited to, certain delays beyond the company's control, delays in
development and testing of products.
SOURCE: Universal Ice Blast, Inc.
CONTACT: kellyf@iceblast.net
Back
to Index
01-10-02:
FORD
APPROVES MILESTONE EVENT WITH INTRODUCTION OF FIRST ICE BLAST GEAR CLEANING
SYSTEM INTO CINCINNATI PLANT
KIRKLAND, Wash., January 10, 2002 /PRNewswire. Universal Ice
Blast Inc (UIBI) is pleased to announce that Ford has installed the company’s
new Ice Blast Gear Cleaning System at the Ford Sharonville plant in Ohio. The
new Gear Cleaning station will undergo tests to replace the existing water-blast
system. “This is a significant shift into a new (sunrise) technology by a
major industrial corporation,” says company Chairman and CEO Rory Clarke.
“This endeavor is a FIRST for the automotive industry. Never have any of the
three big automakers introduced crystalline ice blast equipment for insertion
into their production lines.”
The ice blast technology provides Ford with a new way to
clean, de-chip and deburr transmission and engine components. “Our blasting
process will provide a cleaner, safer product than the more traditional forms of
water blasting,” says Clarke.
“We feel that the unique properties of ice blasting, with
its scrub and flush action, make ice blast superior to water-blasting,” states
company president and COO, Sam Visaisouk PhD. “Water blast requires a chemical
or soap additive in order to clean oil and other lubricants, ice blast needs no
such additives.” Universal Ice Blast is proud to present a cost effective,
reliable, worker safe system not only to Ford but also to the entire automotive
industry. “We firmly believe that our ice blast technology and suite of
products will meet or exceed most existing cleaning requirements for our
targeted markets,” states Clarke.
The new Gear Cleaning System will be added to UIBI’s growing
family of cleaning, de-chipping and deburring products directed towards
transmissions and engines. “With the announcement of our Gear Cleaning system
to the automotive industry we have had several inquiries from leading
manufacturer’s in the United States, Europe and Japan,” adds Visaisouk.
“We have just scratched the surface, the potential for our ice blast
technology is very exciting. Our innovative technology is being recognized in
several commercial markets worldwide.”
To learn more about Universal Ice Blast, Inc., please check
out our website at www.iceblast.net. Universal Ice Blast, Inc. a manufacturer of
chemical-free, dust-free, VOC-free ice blast machines.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which are not
historical are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited to,
certain delays beyond the company's control, delays in development and testing
of products.
SOURCE: Universal Ice Blast, Inc. CONTACT: kellyf@iceblast.net
Back to Index
10-22-01:
UNIVERSAL
ICE BLAST HIRES SENIOR ENGINEERING MANAGER
KIRKLAND, Wash.,
October 22, 2001 /PRNewswire. Universal
Ice Blast, Inc., a manufacturer of proprietary ice blast technology, announces
today that the company has appointed Mr. Mark Maier P.E. as Senior Engineering
Manager. Mr. Maier will be
responsible for all the engineering functions of UIBI, as well as the ongoing
program to expand, establish and protect the company’s current technology with
future patents.
Mr.
Maier has twenty years of diversified machine design experience, covering mobile
equipment and specialized automated machines. He has an extensive background in
hydraulics, pneumatics, control systems and finite element analysis.
“We
are extremely pleased to have Mr. Maier join our talented team of Engineers. We
feel that his extensive knowledge and background will contribute greatly to this
company’s business objectives. Immediately, we can leverage our marketing
efforts, which allow us to develop more relationships with other automobile
manufacturers and Tier One suppliers,” states company CEO, Rory Clarke.
“The
need to respond to our client’s requirements has increased significantly since
we received the Ford Motor Company purchase order,” says Sam Visaisouk, COO.
Mr. Maier comes to us at a wonderful point in the company’s career, not only
will he head the current Ford project but he will also lead our research team,
who is currently conducting tests in various areas within Ford.
To learn more about
Universal Ice Blast, Inc., please check out our website at www.iceblast.net.
Universal Ice Blast, Inc. a manufacturer of chemical-free, dust-free, VOC-free
ice blast machines.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of 1995: The
statements contained in this release which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays beyond
the company's control, delays in development and testing of products.
SOURCE:
Universal Ice Blast, Inc.
CONTACT: kellyf@iceblast.net
Back
to Index
10-18-01:
UNIVERSAL
ICE BLAST MEETS SEC APPROVAL FOR FORM 10-SB
KIRKLAND, Wash., October 18, 2001 /PRNewswire Universal
Ice Blast, Inc., a manufacturer of proprietary ice blast technology, announces
today that the SEC has officially approved its Form 10-SB. Since May 17, 2000,
the company’s Common Stock has been reported on the National Quotation
Bureau’s electronic pink sheets. Upon learning of the SEC approval the company
has reapplied for listing of its Common Stock on the NASD Over-the-counter
Bulletin Board (OTC/BB).
“We are pleased that we have completed this part of our
regulatory requirements. As a fully reporting company on the Bulletin Board, we
envisage greater demand and liquidity for our stock. Another positive result of
being on the OTC/BB will enable the company to engage in financing at prices
reflective of the real value of the company.
We are working towards qualifying the company for a listing on the NASDAQ
small cap market,” states company CEO, Rory Clarke.
Universal Ice Blast’s worldwide market opportunities
embrace its core products. Company estimates the total market for its products
exceeds $2 billion and considers a time line of 10 to 15 years to achieve this,
providing appropriate financing. New market opportunities emerge continuously,
and the existing product-line includes mobile and stationary cleaning systems
that have application for bio-chemical cleaning. These products have direct
implication for the military today. The company is actively seeking partners for
this market.
The company also announces that it has recently been issued
its third patent. The company has
four applications for patents currently underway. “Our suite of patents will
allow us to dominate our chosen markets, seize new markets as they emerge and
simultaneously increase our protection against future competitors” says
Clarke.
To learn more about Universal Ice Blast, Inc., please check
out our website at www.iceblast.net.
Universal Ice Blast, Inc. a manufacturer of chemical-free, dust-free, VOC-free
ice blast machines.
Safe
Harbor Statement under the Private Securities Litigation Reform Act of 1995: The
statements contained in this release which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays beyond
the company's control, delays in development and testing of products.
SOURCE: Universal Ice Blast, Inc.
CONTACT: kellyf@iceblast.net
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08-28-01:
UNIVERSAL ICE BLAST, INC. RECEIVES PURCHASE ORDER FROM FORD
KIRKLAND, Wash., August 28, 2001 /PRNewswire Universal
Ice Blast, Inc., (UIBI) has received its first purchase order from the Ford
Motor Company. The purchase order is for an automated ice blast system for
production cleaning, which is to be installed at Ford’s Sharonville, Ohio
transmission gear facility. The order is for the design, manufacture, and
installation of an ice blast cleaning station with commitments for additional
similar systems. The commitments will be automatically triggered upon Ford’s
acceptance of the first system.
Currently, UIBI has an installed ice blast cleaning station
at the Ford Automatic Transmission New Product Center. This cleaning station
after continued use has demonstrated reliability in product quality (cleaning
precision) and that the ice blasting equipment is easy to operate and maintain.
After Ford representatives toured the Company's facilities, the Company received
a Request for Quotation, which resulted in this order.
“We are extremely pleased with the recent events
with Ford,” states Company President Dr. Sam Visaisouk. “We have developed a
technology that is clean, cost effective and environmentally friendly, it means
a great deal for us to be recognized and accepted by an industry leader like
Ford.” The Company sees this Ford
purchase order as the first of many. “We believe that with Ford’s stamp of
approval, GM, Toyota and many others in the automotive industry will not be too
far behind,” adds Company Chairman Rory Clarke.
UIBI’s unique ice
blast technology is an effective solution for many precision cleaning
applications. Precision cleaning is
cleaning to a defined tolerance, typically in a repetitive production setting
where quality is closely measured and monitored.
It involves removing surface contaminants from cast or machined parts,
electronic or fuel handling components, or highly purified materials. It can
also involve light "deburring" (removal of burrs created by cutting
tools on machined metal parts). Ice blast technology is currently being used to
clean and deburr electric motor armatures, transmission components and gears,
engine and other cast parts for Japanese and American auto manufacturers.
Installation and
acceptance of the first precision cleaning system is considered by Management as
a beachhead for acceptance of ice blast technology within the automotive
industry as the future standard for production cleaning, de-chipping of machined
parts, and light de-burring. Management estimates the potential worldwide market
for precision cleaning ice blast systems within the automotive industry to be
approximately 7,500 units over the next ten years.
To learn more about Universal Ice Blast, Inc., please check
out our website at www.iceblast.net.
Universal Ice Blast, Inc. a manufacturer of chemical-free, dust-free, VOC-free
ice blast machines.
SOURCE: Universal Ice Blast, Inc.
CONTACT: kellyf@iceblast.net
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