ADB International Group, Inc.’s (ADBI) 50% Subsidiary, Subsea Oil Technologies, Inc. Announces That the First Small-Scale Prototype of Its Patent Pending System Has Been Delivered
Marketwire “Press Releases “
MIAMI, FL — (MARKET WIRE) — 10/21/10 — ADB International Group, Inc. (PINKSHEETS: ADBI), through its 50% investment in Subsea Oil Technologies, Inc. , (Subsea), announces that the first small-scale prototype of its BOPstopper has been delivered, designed for Containing Subsea Oil Spills Caused by a Defective Blowout Preventer (BOP) Stack.
A “BOPstopper” is designed to substantially isolate a defective blowout preventer (BOP) stack that spews oil and/or gas from the ocean by completely circumventing and encasing the defective BOP.
” Subsea Oil Technologies, Inc. is working diligently to develop small-scale prototypes and, with these resources, has plans to develop strategic relationships with universities, corporations and government entities to hasten product development and acceptance throughout the industry,” stated Mr. Matthew Schulman , Director of ADBI. He added that “We believe that our technology can help to minimize this type of oil spill in the future.”
Subsea Oil Technologies, Inc. , (Subsea), plans to participate in the 2011 International Offshore and Polar Engineering Conference (ISOPE) Conference to be held June 19-24, 2011 in Maui, Hawaii .
Multiple patent applications have been assigned to Subsea that disclose procedures and apparatus configurations for containing deepwater oil rig blowouts. The solutions are designed to substantially isolate a defective blowout preventer (BOP) stack that releases oil and/or gas into the ocean by completely circumventing and encasing the defective BOP.
Additional details regarding Subsea’s intellectual property (IP) portfolio, some of the technical features disclosed by the patent applications and information about the Inventor of this technology may be accessed through the “Subsidiaries” webpage of ADBI’s website at http://www.adbintl.com or through http://www.subseaoiltech.com.
ADB International Group, Inc. (ADBI) is a holding company that invests in strategic global corporate acquisitions in important market sectors that demonstrate significant growth potential. ADBI intends to expand into Green Energy Industries , Emerging Technologies, Financial and Business Services and other growing and awakening markets. ADBI plans to provide managerial and financial support to allow each project and subsidiary to concentrate on its specific industry and unique business plan. Partnering with strong management, investing in growth, achieving operational improvements and applying the Company’s global resources are all part of ADBI’s formula for building value for our investors and shareholders.