Bluetail Inc.
Bluetail Inc.: Bluetail and Non Invasive Technologies Formalize and Execute Subsidiary Agreement Bridging Global Technologies Worldwide
Bluetail Inc. / Key word(s): Agreement 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 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 |