Fort Lauderdale, FL – May 9, 2014
Periodic Products today announced that the Company has been awarded Australian Patent No. 2008334043 for its patented chelating compounds. The patent, which is registered with the Australian Department of Innovation, Industry, Science & Research, also covers all related applications of the Company’s chelating technology.
The Australian patent further enhances the Company’s intellectual property portfolio as Periodic Products expands its international presence. According to Joseph Laurino, CEO and Company founder, Australia represents a significant market for the Company’s technology.
“Mining represents 6% of Australia’s GDP and 35% of all Australian exports,” said Laurino. “Our unique metal-binding technology provides practical solutions that directly address the challenges associated with the mining and environmental remediation industries.”