Last checked at 14 Apr 2014 07:00
14 April 2014
IOFINA PLC
("Iofina" or the "Company")
(LSE AIM: IOF)
Commencement of Production at IO#4 and IO#5
Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, is pleased to announce receipt of notification for the federal regulatory approval required to produce iodine at the Company's recently completed IO#4 and IO#5 iodine production plants. Production operations commenced immediately upon such approval on 11 April 2014.
In line with the Company's statement on 27 March, construction of the Company's IO#6 plant continues, with completion expected to occur in Q2 2014. Images relating to IO#6's progress can be viewed at www.iofina.com.
The Company will provide shareholders with an update on its first quarter when it releases its results for the year ended 31st December 2013, scheduled for the week commencing 21 April.
Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® and IOsorb™ technology.
George Lantz, CEO and President of the Company, commented: "Our production teams have already started full-scale production operations at both plants and are pleased to be producing iodine at these state-of-the-art facilities. This brings the number of plants currently in operation and online to five plants, a 150 per cent increase over the fourth quarter 2013."
For further information, please contact:
George Lantz, CEO
Iofina
Tel: +44 (0)20 3006 3135
www.iofina.com
John Prior/Rupert Krefting/Huw Jeremy
Numis Securities
Tel: +44 (0)20 7260 1000
Rob Collins
GMP Securities
Tel: +44(0)20 7647 2800
Media Contact:
Dominic Barretto/Anna Legge
Yellow Jersey PR
Tel: +44 (0)7768 537 739
About Iofina:
Iofina specializes in the exploration and production of iodine, iodine specialty chemical derivatives and produced water. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® IOsorb™ technology. Iofina has iodine production operations in the United States, specifically in Texas, Montana and Oklahoma. It has complete vertical integration from the production of iodine in the field to the manufacture of the chemical end-products derived from iodine to the consumer and the recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. Iofina utilises its portfolio of patented and patent pending technology, proprietary methods and trademarks throughout all business lines.