Tirex Announces Progress on Patented “Fracturing Mill” with Simpro S.p.A. of Italy

WESTPORT, Conn.--The Tirex Corporation (OTCBB:TXMC) today announced that Simpro S.p.A.’s manufacturing of Tirex’s “fracturing mill” section of its tire recycling technology – the TCS System – in Simpro’s Brazilian factory is now 70% finished and is expected be completed in Italy before the fourth quarter of this year.

“In addition to our recent announcement of Simpro’s signing of a Memorandum of Understanding to build the first commercial TCS System in Malaysia, the completion of the ‘fracturing mill’ marks another milestone as we move forward in production,” according to Tirex CEO, John L. Threshie Jr.

Simpro is licensed by Tirex to manufacture, install, commission and warrant turnkey TCS facilities and offer a performance bond guarantee.

Tirex anticipates announcing other TCS technology agreements and developments with Simpro that are currently in the discussion phase. Any such new facilities would expand Tirex’s technological reach internationally.

Simpro (http://www.simpro.it/home.php?argid=49&pagid=18&lang=en) is headquartered in Turin, Italy. It is ISO 9001 (Quality Management), ISO 14001 (Environmental Management) and EMAS (Environmental Management and Audit System) accredited.

Tirex’s TCS (Tirex Cryo System) process freezes scrap tire pieces with cold air, as opposed to expensive liquid nitrogen, and then “break” the rubber into granules in a “fracturing mill”, instead of cutting and shredding it. This process separates the marketable strands of steel and fiber from the frozen ground rubber in a “green” environmentally-friendly, economically-attractive process. The process is U.S. and Canadian patented.

(The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.)