Periodic Products Awarded Second Grant from Florida Industrial and Phosphate Research Institute

Periodic Products Awarded Second Grant from Florida Industrial and Phosphate Research Institute

FOR IMMEDIATE RELEASE

Fort Lauderdale, FL – June 10, 2016

Periodic Products Inc. announced today that it has received a second grant from the Florida Industrial and Phosphate Research (FIPR) Institute. The grant has been awarded to develop a pilot plant using the Company’s polymer-based metal extraction technology. The facility will extract and recover rare earth metals from process water used for phosphate fertilizer production.

The Company has enlisted Penn Pro Engineering of Mulberry, FL to design and build the pilot plant.

The FIPR Institute was created by the Florida Legislature to study energy, mining and mineral processing issues impacting the state’s environment, its economy, and the health of its citizens.

“We are excited about this second research grant from the Institute,” said Joseph Laurino, Periodic Products’ President and CEO. “Metal recovery is of critical importance to the rare earth and phosphate mining industries. We look forward to demonstrating the large-scale scientific and economic viability of our metal recovery process.”

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