Converted Organics (COIN) Launches New Industrial Wastewater Division, Licenses Technology From Heartland Technology Partners

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09:52:08 am on March 24, 2010

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Converted Organics is launching a new industrial wastewater (IWW) market division to treat contaminated water before it is released back into the environment. To support these efforts, the company just announced that it has licensed Heartland Technology Partners’ LM-HT(TM) Concentrator technology, which uses waste heat and renewable energy to reduce CO2 emissions.

They have also retained Heartland Technology Partners’  former Co-owner and Vice President, Rick McEwen, to head the new division as General Manager and President.

In a press release, Edward J. Gildea, President of Converted Organics, commented on the news:

“Licensing HTP’s LM-HT(TM) Concentrator technology is the most recent step Converted Organics has taken to strategically expand our core business of converting waste materials into high-grade, environmentally-beneficial products. We believe the opportunity and scalability for this unique technology in the IWW market is enormous, and that pursuing it compliments our core business of developing high-quality organic fertilizer from organic food waste. We are fortunate to have Rick McEwen directing the growth and development of Converted Organics’ new IWW division. As a 30-year veteran of the solid and industrial waste industries, Rick’s business relationships, contacts and experience are extensive, and will allow us to hit the ground running in this promising new market.

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