Springs, CA (PRWEB) February 1, 2006 -- Chela Tech,
Inc. announces a patented technical breakthrough
based upon the development of durable, nano “spiderwebs” linked
to a sand substrate, with metal binding sites on
the nano “spiderwebs”, resulting in proprietary “nano
sand” with binding sites that host ligands. The field
tested product is a metals specific recovery column.
According to Dr. Richard Hammen, CTO: “Our technology in the form of metal displacement
chromatography (MDC) columns has been successfully field tested and currently
can capture Ag; Al; As; Au; CrO4=; Cu; Ga; Hg; Mn; Ni; Pb; Pt; UO2=; and Zn to
non-detectible levels for discard solutions, or to desired economic cut-off levels.
Unlike competing metal recovery solutions whose costs rise rapidly as metals
concentrations decrease, MDC costs per unit metal recovered are essentially the
same at any dilution factor. Nano-sand enables very rapid flow rates & very
selective metal capture, delivering more effective & efficient metals recovery
from solutions & little to no environmental pollution.”
Bo Varga, VP Marketing explains: “The global mining industry is our target market,
with the initial focus on gold, copper, and gallium recovery. Metals prices are
in a long term up cycle, driven by high level and sustained economic growth,
especially in China, creating new opportunities for solutions providers. Revenue
to date has been from NRE. We project first revenue from gold recovery in 2006 & first
revenue from copper & gallium recovery in 2007, with rapid expansion in revenue
thereafter as new mining projects come on line.”
Chela Tech plans to provide skid-mounted, plug-and-play metal recovery solutions
for the mining industry & will work with technology licensees for semiconductor,
flat panel display, environmental remediation, and other markets and applications.
The technology can also be applied to high throughput protein separations.
Chela Tech technology development was funded over the past 20 years with $3 million
invested in IP and product development, about ½ from founders and ½ from
NIH, NSF, EPA, & DOE grants, with full rights retained by Chela Tech. Two
fundamental US patents are issued and others are pending, in process.
Chela Tech is talking with investors as of January, 2006 regarding funding required
to rapidly build a business of value to the global mining industry.
About Chela Tech, Inc.
Chela Tech, Inc. is a Silicon Valley based company founded to commercialize patented
nano spiderweb ion-exchange technology that delivers much faster & lower
cost recovery of precious, commodity, and specialty metals from ores.
ChelaTech's management team includes Dr. Rich Hammen, Ph.D. CTO, prior with Vestar
Research, Inc. (now NEXSTAR, NASDAQ), SRI, and JPL; Bo Varga, VP Marketing, prior
with the NanoSIG; Ken Epstein, VP Business Development, a principal with www.newcap.com and
prior a senior venture manager at Dow Chemical Company. Professional advisors
include IP attorney Richard Trecartin of www.Dorsey.com and
corporate attorney Mitch Zuklie of www.Orrick.com .
Sandra Kay Helsel, Ph.D.
SK Helsel & Associates