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Company History
The origins
of EarthWorks Environmental as a company go back to 1995 when company
founder, Jonathan Brewer, began research and development activities focused on the
realization that a reliable and cost efficient ex-situ remediation
process did not exist. Further realization was that the
primary competitive technology, as is true today, is the unsustainable
process of contaminated soil landfilling.
The Matrix Enhanced Treatment System
or “METS” is the result of those R & D activities which was a “clean
sheet” design process and has remained the primary focus of the company
. METS has proven to be a revolutionary system for remediation of
contaminated soils that for the first time brings “better, faster,
cheaper” to environmental cleanup. The concepts underlying METS were
discovered in the late 1980’s and early 1990’s as a result of a
systematic analysis of the causes behind the general unreliability and
widespread failure of most environmental remediation technologies.
In 1998, EarthWorks employed for the
first time a material handling and chemical blending system combination
for conceptual application. While the overall project did not meet
EarthWorks efficiency projections, the broad concept of EarthWorks hypothesis was substantially
proven by ultimately cleaning the soil to non-detect.
EarthWorks Environmental was
incorporated on July 7th, 1998, for the purpose of commercializing the
new METS process. EarthWorks began final development of the METS
concept by undertaking several compensated commercial field tests to
prove both design and economics. After successful completion at 3
secure commercial sites, the METS process was able to meet or exceed
remedial goals and financial/profit margin goals as well.
In 1999 EarthWorks withdrew the METS
equipment and process from any potential public domain exposure while
completing evaluation of the R & D design project data gathered.
EarthWorks applied for a US Patent of the METS process on behalf of the
inventor which was granted on July 23rd, 2002.
In 2003, EarthWorks was presented with a viable $10 million
dollar buyout offer, which after careful consideration proved not in the
best interest of the technology.
EarthWorks has completed design and
manufacture of 4 production classes of equipment and self funded a broad range
of additional research activities which are now substantially complete, to bring the
system to where it is today, having the ability to treat over 150
separate contaminants in soil using both bio and chemical reagents.
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Current Events
Here in
2007, all systems are now in place for the METS process to finally be
available as a “turn key” opportunity to qualifying Licensees.
EarthWorks Environmental is providing the equipment, tech licenses,
supplies, training and support of the METS technology as a growing
business and information collaborative to benefit the METS Licensee
base.
It is our goal to have 6 METS
Licensees in full operation by the end of 2007. Our current focus
has been overseas with exports to Canada, Peru and now Korea where
aggressive markets and process requirements are the most demanding.
EarthWorks is currently offering individual METS Licenses on a limited
release basis in the continental US. Our most recent placement has
been in North Carolina.
At present, our hope is to provide
referral projects to our licensees as acceptance of the METS technology
becomes more widespread. EarthWorks will treat soil
on a limited basis of varying soil type and contaminant type in efforts to broaden our knowledge and
where a METS Licensee is not currently available. Our
business focus is shifting this year to full
scale product manufacturing and support of the Matrix Enhanced Treatment System
and METS Licensees.
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The Future
Our growth
goals are directly tied to the success of our METS Licensees. We will
continue to fully support Licensee activities as they grow their
business and expand opportunities and markets. While EarthWorks today
is a small business, we have been fortunate to leverage and or contract
with other firms to complete and supply key elements of our product. We
are not constrained by our own limitations nor manufacturing operation, we
will continue to bring the best pricing and products to those we
support, the METS Licensee.
The future growth of EarthWorks, as in
all businesses, is limited by financial constraints to expansion.
Currently EarthWorks has no long term debt but is possibly in the market for $
500k in short term equity financing for market growth.
Additionally, our more moderate term
goal of 3 to 5 years is seeking financing of 3 to 5mm for international
expansion and a potential IPO.
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