Bluetail Inc.
$1.6 Billion in Infrastructure Repair Funding Allocated For Technology Such as That Provided by Bluetail/NIT
Bluetail Inc. / Key word(s): Miscellaneous
$1.6 Billion in Infrastructure Repair Funding Allocated Los Angeles, CA–(Equity Story – 02/01/12) Bluetail, Inc (TBL.F) announced today that efforts are underway to procure a portion of the nearly $1.6 Billion in infrastructure repair funds allocated by the Obama administration. These funds have been designated for the improvement of the nation's aging bridges and Bluetail/Non Invasive Technologies has the world's top patented technology and equipment to determine when bridges and other aging infrastructure will fail. Over the course of the past few years, Bluetail/Non Invasive Technologies has established strong relationships in the Beltway which will enable the company to access their fair share of the allocated funds. To add further perspective to the issue, every other year, the 200,000 metal bridges in the United States are inspected, but only visually. As a result, the Federal Highway Administration says that potentially dangerous cracks are missed 90 percent of the time. 'I am confident in our team's ability to properly complete the necessary documentation for the stimulus fund allocation. More importantly, the appropriation of the secured funds will ultimately save hundreds of lives and millions of taxpayer dollars over the next few years,' stated Robert Bernstein, CEO of Bluetail/NIT division 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 and monitoring technology company that develops products and systems that provides a solution for the world's crumbling infrastructure. It has the world's top patented technology and equipment to determine when bridges and other aging infrastructure will fail. www.bluetailnit.com Contact:
Artur Lagodzinski, Bluetail/CEO Robert Bernstein, NIT / CEO End of Corporate News 01.02.2012 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 |
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