South St. Paul, Minn. (September 30, 2011) – EarthClean Corporation, a Minnesota-based clean technology company, announced today that SAM JOO S.M.C. Co., Ltd., a clean technology and industrial coatings company based in Seoul, South Korea (Republic of Korea), has been signed as the exclusive EarthClean distributor for the country of South Korea. Terms of the distributor agreement encompass a three-year time frame and $4.3 million USD. The agreement was signed yesterday as EarthClean CEO and founder, Doug Ruth, visited South Korea with the Minnesota trade delegation led by Governor Mark Dayton.
“In today’s global economy, opportunities for innovative products have no borders, and this agreement is a strong vote of confidence in TetraKO™ by EarthClean, our new and game-changing firefighting technology from Minnesota,” said Ruth. “We are very excited to have established a foundation for cultivating a strong relationship with Chairman Han and the people of SAM JOO. And, it’s with support from Governor Dayton and the trade mission that we’ve been able to sign our first international distributor agreement and further our connections into the Korean government.”
"I congratulate EarthClean on signing their contract with SAM JOO S.M.C Co., Ltd.,“ said Governor Dayton. “I am delighted that this trade mission to South Korea has been helpful to them in achieving this very important agreement."
“We are very pleased and excited to introduce the advantages of EarthClean and TetraKO to the Korean fire suppression market, together with Mr. Doug Ruth and his team,” said SAM JOO’s Chairman Han. “SAM JOO has an excellent record of success in bringing innovative and earth friendly products to market that benefit society. As we plan our vision for the future, we believe the TetraKO technology is an ideal fit for SAM JOO.”
TetraKO, a patented product, the main ingredient of which is cornstarch, transforms water into an adhering solution that can be pumped through standard firefighting equipment. TetraKO has proven to be far superior to other fire suppression products because a key attribute of its proprietary dual thickening agent causes it to stick and stay where applied. When heated by fire, TetraKO becomes even thicker and releases a dense steam, dramatically aiding in fire suppression.
TetraKO solution has been independently tested by accredited laboratories, and has been certified ready biodegradable and non-toxic (aquatic and mammalian) using EPA and internationally recognized OECD (Organisation for Economic Co-operation and Development) standards. Independent lab testing has also verified that TetraKO solution passes National Fire Protection Association (NFPA) Uniform Corrosion metrics.