Bluetail Inc.: Bluetail and Non Invasive Technologies Formalize and Execute Subsidiary Agreement Bridging Global Technologies Worldwide
DGAP-News: Bluetail Inc. / Key word(s): Agreement
Bluetail Inc.: Bluetail and Non Invasive Technologies Formalize and
Execute Subsidiary Agreement Bridging Global Technologies Worldwide
23.01.2012 / 15:00
---------------------------------------------------------------------
Bluetail and Non Invasive Technologies Formalize and Execute Subsidiary
Agreement Bridging Global Technologies Worldwide
Los Angeles, CA--(Equity Story - 01/23/12) Bluetail, Inc (TBL.F) is pleased
to announce that after several weeks of negotiations, a formal Subsidiary
Agreement has been signed with California based company, Non Invasive
Technologies, Inc. (NIT). Bluetail Non Invasive technologies has the
world's top patented technology and equipment to determine when bridges and
other aging infrastructure will fail. Company officials for both
organizations are extremely excited about the formation of the Subsidiary,
the impact the technologies will provide as well as the potental $2 Billion
marketplace NIT is targeting in the USA alone. More detailed information
on Bluetail Non Invasive Technologies can be found at: www.bluetailnit.com
Following are some of the major benefits to the NIT system:
- Increases the safety of the infrastructure & the efficiency of bridge
management through better & more timely fatigue crack growth detection.
- More accurate assessment of condition ratings, extends the life of
structures through early identification & repair of growing cracks.
- Determines which cracks need immediate attention & which repairs can be
deferred or eliminated; helps bridge owners utilize repair &
rehabilitation funds more effectively.
- Can verify if repairs are effective (the crack stops growing).
Mr. Lagodzinski stated, 'Now that the contractual side the agreement is
executed, strategic, development planning is underway providing unlimited
opportunities worldwide. As I've mentioned before, future sustained growth
is a major factor in Bluetail's decision making process. I truly believe
this contractual agreement will benefit our shareholders and more
importantly, the world in which we all share.'
During an explanation of why his company's technology is so important
today, Mr. Robert Bernstein CEO of NIT stated, 'The world's bridge
infrastructure system is aging & needs extensive repair. A major factor in
the deterioration of steel & concrete bridges is fatigue & other
degradation of key structural elements. In the U.S. alone, there are over
100,000 bridges which are structurally deficient or functionally obsolete,
according to the U.S. Federal Highway Administration.'
Mr. Bernstein further stated, 'The National Bridge Inventory (NBI) in 1996
estimated a repair budget cost for the then existing U.S. bridge inventory
at $168 billion to bring the bridge inventory to structural & safety
compliance. However, this data is 16 years old & does not account for the
cumulative effects of the real age of bridges & the intervening effects of
use. Considering added deterioration, the bridge repair cost just for the
U.S. is estimated to equal over $550 billion today.'
About Bluetail, Inc:
Bluetail, Inc. is a young, innovative European company that recently
developed and patented a revolutionary, Eco-friendly, hydro-electric power
plant system allowing electrical companies the ability to distribute
electrical energy across grids worldwide.
About Bluetail Non Invasive Technologies (NIT):
Bluetail Non Invasive Technologies, Inc. is an emerging global
Non-Destructive Structural Inspection & Monitoring Technology company that
develops products and systems that provides a solution for the World's
Crumbling Infrastructure.
Contact:
^
Artur Lagodzinski, Bluetail/CEO Robert Bernstein, NIT / CEO
Tel: + 48 604 954 380 Tel: +1 310 384 2428
a.lagodzinski@bluetailnit.com r.bernstein@bluetailnit.com
°
End of Corporate News
---------------------------------------------------------------------
23.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
153586 23.01.2012
DGAP-News: Bluetail Inc. / Key word(s): Agreement
Bluetail Inc.: Bluetail and Non Invasive Technologies Formalize and
Execute Subsidiary Agreement Bridging Global Technologies Worldwide
23.01.2012 / 15:00
---------------------------------------------------------------------
Bluetail and Non Invasive Technologies Formalize and Execute Subsidiary
Agreement Bridging Global Technologies Worldwide
Los Angeles, CA--(Equity Story - 01/23/12) Bluetail, Inc (TBL.F) is pleased
to announce that after several weeks of negotiations, a formal Subsidiary
Agreement has been signed with California based company, Non Invasive
Technologies, Inc. (NIT). Bluetail Non Invasive technologies has the
world's top patented technology and equipment to determine when bridges and
other aging infrastructure will fail. Company officials for both
organizations are extremely excited about the formation of the Subsidiary,
the impact the technologies will provide as well as the potental $2 Billion
marketplace NIT is targeting in the USA alone. More detailed information
on Bluetail Non Invasive Technologies can be found at: www.bluetailnit.com
Following are some of the major benefits to the NIT system:
- Increases the safety of the infrastructure & the efficiency of bridge
management through better & more timely fatigue crack growth detection.
- More accurate assessment of condition ratings, extends the life of
structures through early identification & repair of growing cracks.
- Determines which cracks need immediate attention & which repairs can be
deferred or eliminated; helps bridge owners utilize repair &
rehabilitation funds more effectively.
- Can verify if repairs are effective (the crack stops growing).
Mr. Lagodzinski stated, 'Now that the contractual side the agreement is
executed, strategic, development planning is underway providing unlimited
opportunities worldwide. As I've mentioned before, future sustained growth
is a major factor in Bluetail's decision making process. I truly believe
this contractual agreement will benefit our shareholders and more
importantly, the world in which we all share.'
During an explanation of why his company's technology is so important
today, Mr. Robert Bernstein CEO of NIT stated, 'The world's bridge
infrastructure system is aging & needs extensive repair. A major factor in
the deterioration of steel & concrete bridges is fatigue & other
degradation of key structural elements. In the U.S. alone, there are over
100,000 bridges which are structurally deficient or functionally obsolete,
according to the U.S. Federal Highway Administration.'
Mr. Bernstein further stated, 'The National Bridge Inventory (NBI) in 1996
estimated a repair budget cost for the then existing U.S. bridge inventory
at $168 billion to bring the bridge inventory to structural & safety
compliance. However, this data is 16 years old & does not account for the
cumulative effects of the real age of bridges & the intervening effects of
use. Considering added deterioration, the bridge repair cost just for the
U.S. is estimated to equal over $550 billion today.'
About Bluetail, Inc:
Bluetail, Inc. is a young, innovative European company that recently
developed and patented a revolutionary, Eco-friendly, hydro-electric power
plant system allowing electrical companies the ability to distribute
electrical energy across grids worldwide.
About Bluetail Non Invasive Technologies (NIT):
Bluetail Non Invasive Technologies, Inc. is an emerging global
Non-Destructive Structural Inspection & Monitoring Technology company that
develops products and systems that provides a solution for the World's
Crumbling Infrastructure.
Contact:
^
Artur Lagodzinski, Bluetail/CEO Robert Bernstein, NIT / CEO
Tel: + 48 604 954 380 Tel: +1 310 384 2428
a.lagodzinski@bluetailnit.com r.bernstein@bluetailnit.com
°
End of Corporate News
---------------------------------------------------------------------
23.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
153586 23.01.2012