Technologies, Inc. Announces The Confirmation By DNV “Det Norske Veritas” GL Of Testing Results For The DSOX-15 Pre-Combustion Fuel Purification Technology.

Fort Lauderdale, Florida, Mar 13, 2014 (GLOBE NEWSWIRE via COMTEX) — Technologies Inc., (otcqb:SHPR) announces that DNV “Det Norske Veritas” GL has completed its report on the DSOX-15 Pre-Combustion Fuel Purification Technology. The testing was conducted at the Technologies facility in Fort Lauderdale and observed by DNV GL. The testing confirmed by DNV GL resulted in IFO380 marine fuel oil with a sulfur level of 2.70% being reduced to 0.27% with the DSOX-15 Fuel Purification Technology. Jans Hagen Andersen Principal Engineer at DNV GL Maritime Advisory stated ” The test results we observed in the test facility are a significant indication of the capabilities of the DSOX-15 Fuel Purification Technology to reduce high sulfur marine fuels below the current target of 0.50%.”

Rasmus Norling, CTO commented “The industry reputation of DNV GL and the value of their report confirming our test results will add the additional confidence of a third party verification of our technology’s capabilities, this will be especially helpful when potential customers are evaluating the DSOX-15 Fuel Purification System.” The Company is intending to schedule additional tests for the DSOX-15 Fuel Purification System technology over the coming months as new modifications and performance enhancements are incorporated into the system.

DNV GL in the Maritime industry

DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges.

About GlobeCore PC.:

Globecore develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market. GlobeCore’s proprietary UVR Fuel Purification System is a cost-effective technology designed to remove sulfur from fuel in an effort to meet the upcoming sulfur emissions regulations due to take effect in 2015. The technology is currently aimed at the maritime industry which includes vessels for cruise-line, freight shipping and tanker companies and can be installed during normal vessel operation without the need to use expensive dry dock time. The technology has a worldwide application that is not limited to the maritime industry.

The Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics and in use in a number of different industries applications.

On behalf of the Board of Directors, Rasmus Norling, Chairman / CTO

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects”, “intends”, “estimates”, “projects”, “anticipates”, “believes”, “could”, and other similar words. All statements addressing product performance, events, or developments that Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Technologies Inc.’s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should any of  Technologies Inc.’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on  Technologies Inc.’s forward-looking statements. Except as required by law, Technologies Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Technologies Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.

SOURCE Technologies Inc.


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