Nov. 20, 2000—The environmental company Nu Electric Corp. (NRGE) has purchased a number of technologies that should help it solve some arsenic-related drinking water problems. Because of these moves, analysts from the Konklin letter say the company's stock should be a good value.
The company's acquisition of Clean Water Technologies, Inc., gives NRGE exclusive worldwide license to its proprietary technology (developed at the University of South Florida by Dr. Dagmar Bonnin) for the removal of arsenic from drinking water using zeolite minerals.
Recent studies show arsenic to be even more toxic than was previously thought, which prompted the EPA to classify arsenic as a human carcinogen. The EPA is proposing (by January 2001) to lower the maximum allowable concentration level of arsenic for drinking water from the present 50 parts per billion (ppb) to 5 ppb or less.
This will meet the new proposed standard intended to protect consumers against the effects of long-term, chronic exposure to arsenic in drinking water. The new standard will apply to all 54,000 community water systems, serving approximately 254 million people.
NRGE has also recently acquired Zorax, Inc., which owns the exclusive worldwide license for a technology that extracts and identifies Cryptosporidium and Giardia, two waterborne parasites that can cause serious gastrointestinal problems.
Also, the company has entered into a licensing agreement with GSA Resources, Inc. to act as the exclusive sublicensee for the manufacturing and marketing of NRGE's superior state-of-the-art zeolite patented technology for the removal of arsenic from drinking water for the next 20 years.
NRGE is an incubator company that identifies, acquires, develops, and markets emerging technologies that conserve energy and protect and enhance the world's natural resources.
The fully reporting company with no long-term debt has yet to record revenues, but is emerging from the current development stage and should become a profitable company in a multi-billion dollar market, the Konklin letter said. Of the 4,712,855 shares outstanding, insiders hold 34%.
