PORTLAND, Ore., Oct. 17 /PRNewswire-FirstCall/ -- Bio Reaction Industries® (BRI), a leading innovator of biotechnology solutions for the pollution control industry, today announced significant business and revenue growth for 2004 and 2005. BRI has pioneered a new generation of environmentally friendly air pollution control filters. BRI's biofilters can literally absorb and digest volatile organic compounds and odors in industrial and municipal applications and convert them to carbon dioxide and water vapor. As the cost of natural gas has nearly doubled since March, BRI officials note that the company's bio- oxidation filters use just one-tenth the natural gas that traditional thermal oxidation solutions require. These factors, coupled with the approaching EPA composite wood and plywood MACT deadlines in September 2007, have contributed to a significant increase in BRI business in 2004 and 2005. "BRI's 200,000 cubic feet per minute of air system (50' w x 150' l x 30') in the Southwestern United States bio-oxidation filter positions us well as other wood products companies look for alternative equipment for MACT compliance," said Karl Mundorff, BRI president and CEO. "Projects such as this and other in the wood products industry as well as our waste water treatment work for municipalities such as the City of Wilsonville, Oregon have helped contribute to a 300 percent increase in projects in 2005 over 2004." Based on current growth rates, and with EPA MACT deadlines pending, Mundorf and company officials estimate that the company's overall revenue could increase by as much as four to six fold over the coming two years. With the support of BRI's primary investor, Stellar Technologies LLC (www.stellartllc.com), BRI has been approached by foreign companies and is pursuing licensing opportunities in Japan, Hong Kong, China and Croatia. Stellar Technologies is Idaho's largest provider of private equity placement. "We believe that BRI's unique concept is providing the market with an ideal alternative to expensive, high-maintenance, natural gas burning old technology products," said Eric Mott, business development director for Stellar Technologies. "BRI is giving the industry an entirely new way to comply with regulatory requirements as well as providing sustainable, practical solutions for protecting the environment." BRI is one of five companies in the Stellar Technologies portfolio, and is the first of the five portfolio companies to reach profitability. Other portfolio companies include EmergeCore Networks, of Boise; iTerra Communications, of Palo Alto, and Wavetronix, of Provo, Utah. About Bio Reaction Industries Bio Reaction Industries, established in 1992 and headquartered in Tualatin, Oregon, is an innovator in the development of biotechnologies for the pollution control industry. The company specializes in providing bio-oxidation products using patented biotechnologies to reduce and eliminate VOC and odors created by a variety of generators in various industries. The company was the recipient of a 2002 OEF Enterpreneurship Award. Bio Reaction's patented technologies focus on specific industrial and municipal markets to match industry trends and address the service needs of its customers in its global market. For additional information, visit www.bioreaction.com or call toll-free 888.508.2808. All product names belong to their respective holders |