TIE Technologies and Geocomp Announce OilDam(TM) Asset Ownership
GlobeNewswire ”Press Releases “
NEW YORK , June 14, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), and Geocomp Corporation announce that the OilDamâ„¢ technology and the Trademark Application, patent rights and associated assets are owned in equal parts by TIE Technologies and Geocomp, the team leaders of the OilDamâ„¢ Emergency Containment Proposal.
An application to register the OilDamâ„¢ mark has been filed with the United States Patent and Trademark Office, thus it is considered a “pending” application. The overall process, from the time of initial filing to final registration, can take 13-18 months or even longer, depending on many factors; e.g., the Examiner’s preliminary refusal based on technical clarifications, the descriptiveness of the mark and/or a likelihood of confusion with existing third party marks.
TIE Technologies’ revised OilDamâ„¢ proposal developed in conjunction with Geocomp Corporation has been escalated to final technical engineering review by BP’s Horizon Alternative Response Technology Team and is scheduled for field testing by the BP and U.S. Coast Guard Field Technical Operations Group .
The TIE Technologies-Geocomp team originally submitted its OilDamâ„¢ Emergency Containment Proposal to the EPA’s Homeland Security Research Center and the U.S. Coast Guard for consideration on May 18 th 2010. TIE Technologies and Geocomp are leading a team of industry experts in providing a viable solution to keep the gulf oil spill away from the gulf coast shores. These new OilDam™ technologies are at the foundation of the OilDam™ Emergency Containment Proposal, and are being patented collaboratively by TIE Technologies and Geocomp Corporation .
The OilDam™ solution is designed to keep oil away from the shore, contain it and pump it into storage containers for recycling. At the same time, this fixed barrier blocks oil, and is ecosystem friendly by allowing water to pass back and forth through its base, maintaining tidal flows to support critical shoreline life. The system is unique in its diverse capabilities, utilizing manufacturing, fabrication and deployment techniques that have been well developed over the past 40 years.
More detailed information regarding the product and its environmental impact are now available on the internet at www.tietechnologies.net/environmental-logistics.php.
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