XXsys Demonstrates Its Bridge Strengthening Technologies
21 April 1998
XXsys Demonstrates Its Bridge Strengthening Technologies Against Truck Impact Damage To U.K.'s Highways AgencySAN DIEGO, April 21 -- XXsys Technologies, Inc., announced today that it began work on a contract from England's Highways Agency to demonstrate the Company's earthquake retrofit technologies on a concrete column on A30, the Bible Christian Overbridge in Cornwall, to protect it against impact damage from Heavy Goods Vehicles, a phenomenon the Highways Agency called "bridge bashing." The Highways Agency said in a press release that while earthquakes are not a major problem in the United Kingdom, the technologies developed to withstand their effects may prove a real benefit to all bridge structures. "Modern bridges are designed to prevent collapse after they may be hit by Heavy Goods Vehicles. However, some older bridges may still be vulnerable, and we want to find the best way of strengthening them without causing lengthy delays while the work is carried out. These new methods offer the potential to halve the time needed to effect repairs. If the trial and other tests prove successful, we should be able to strengthen all our vulnerable bridges, while maintaining their aesthetic appearance," said Martin Lynch of the Highways Agency Quality Services Division. "Technology is a critical driver to California's expanding economy," said California Trade and Commerce Agency Secretary, Lee Grissom, whose agency is the state's lead agency for attracting business and job creation. "More than 479,000 new jobs were created in California during 1997, and more than 15 percent were in high technology and related industries." Grissom noted that the Trade and Commerce Agency has provided matching funds to the federal research and development dollars to validate the efficacies of these new methods. "We are very pleased to see a small entrepreneurial company like XXsys with California home-grown technologies making an impact elsewhere in the globe." XXsys Technologies, Inc. is a San Diego, California-based company engaged in developing and commercializing composite technologies from defense industries to provide cost effective solutions for the emerging market of infrastructure renewal, such as seismic retrofit and corrosion rehabilitation. This press release contains forms of forward-looking statements that are based on the Company's beliefs as well as assumptions made by and information currently available to the Company. Such statements are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's registration statements and periodic reports on file with the SEC, including the Company's 1997 Annual Report on Form 1O-KSB and subsequent Quarterly Reports on Form 10-QSB. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated, or projected and the variation may be material. SOURCE XXsys Technologies, Inc.