...to announce that it has been successful in securing a pilot contract through Ecotecnos with Kuwait Oil Company (“KOC”) to test its satellite detection service. As announced previously, CORRE has secured the exclusive right to market a satellite detection service which generates accurate visual definition, assessment and measurement of oil lakes, sludge pits or specific oil leaks up to 150 feet underground in order to allow an indepth analysis of clean-up project costs and to better understand the scope of the environmental damage.

The main objectives of the pilot project are proving the effectiveness of the technology to KOC as well as demonstrating how the technology produces an enhanced understanding of the environmental contamination before tendering projects. A 2D image produced by Ecotecnos will allow KOC to better understand the scope and cost of tenders by better defining the work needing to be done to remediate the entire area up for bid. Tenderer and bidding parties will both know the depth and density of the contamination, whether there are foreign objects within the contamination such as land mines and the biological makeup of the ground, thus creating a more efficient tendering process for KOC.

The signed agreement has KOC assuming all costs and will involve Ecotecnos validating the technology to a depth of 1.5m. This is the first step in a process that if successful will allow CORRE and Ecotecnos to move forward with large scale contracts in the Middle East, North Africa, United States of America and Canada. The satellite detection service will provide CORRE with an auxiliary revenue stream and an additional service which can be provided in unison with its oil remediation services or on a stand-alone basis.