SPOKANE, Wash., April 15 /PRNewswire-FirstCall/ -- MIPSolutions, Inc. (OTC Bulletin Board: MSOL) has been recognized in the Utah Innovation Awards for 2008. A select number of technology innovators are recognized each year in the awards and MIPSolutions was recognized under the category of chemical and material sciences. Winners and finalists in eight categories will be honored at a special Awards Luncheon on Wednesday, May 21, 2008 in Salt Lake City. Dr. Chris Johnson, Director, Scientific Computing and Imaging Institute, Co-Director, NIH Center for Integrative Biomedical Computing, and Distinguished Professor of Computer Science at the University of Utah, will deliver the keynote address. For more information, please visit http://www.stoel.com/innovation.
"We are honored to be recognized as a technology innovator and we contribute much of our success to our Utah partners and Johns Hopkins University Applied Physics Lab," said Glen Southard, CSO of MIPSolutions. Southard went on to say, "We will continue to develop innovative and cost effective solutions for use in the mining, environmental remediation, potable water and waste water treatment markets utilizing our molecularly imprinted polymer (MIP) technology."
MIPSolutions was recognized at the awards for their innovative MIP technology which has several advantages over traditional carbon filtration, burn-off, slag entrapment and ionic exchange resins. These methods of mitigating environmentally hazardous materials simply hide the problem. MIP technology on the other hand can selectively capture target molecules and contaminants and reduce them to pure raw materials that are fit for sale, reuse and/or recycling. These attributes provide MIP technology with a significant competitive advantage.
MIPSolutions is focused on the development of technologies to be deployed in the mining, environmental, medical, and potable water markets. Our technology is supported by a License Agreement with The Johns Hopkins University Applied Physics Laboratory and our own Intellectual Property. The technology incorporates a process to selectively capture target molecules which, after being isolated, can be released and concentrated into a pure saleable product. The process enables the advancement of products designed to focus on toxic, problematic, and/or valuable elements. Founded in 2005, MIPSolutions, Inc. is a public corporation headquartered in Spokane, Washington with laboratory facilities and offices in Salt Lake City, Utah.
For more information please contact Karsten Olson 509/ 869.2846 or [email protected]
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SOURCE MIPSolutions, Inc.