NEW YORK, NY — (Marketwire) — 10/13/11 — TIE Technologies, Inc. (PINKSHEETS: TTCS), a diversified holding company, focused within specialized science and technology driven market sectors, announced today the formation of a Teaming Agreement between a company specializing in the manufacturing of self-working water treatment units intended for use in humanitarian emergencies, and . as a wholly owned subsidiary of TIE.
The first objective of the Teaming Agreement is to bring the expertise of to improve international delivery capabilities of the Triple Play emergency relief product. The TriplePlay® solution is our primary product to meet the three critical challenges of international agencies working to provide disaster relief & remediation.
SMART ENVIRONMENTAL SYSTEMS, , specializes in providing innovative smart technologies supported by a global satellite network to assist in meeting the ecological and personnel challenges within the Environmental Monitoring, Protection, Remediation and Remote M2M Asset Management and Tracking Solutions businesses. In the Disaster Relief sector, SMART ENVIRONMENTAL SYSTEMS offers a consolidated solution, the TriplePlay®, that addresses the critical need for easily deployable, portable water, sewage, and shelter following humanitarian disasters or any application requiring these critical temporary services.
LMS FRANCE WORLD WATER TREATMENT, , in teaming with SMART ENVIRONMENTAL SYSTEMS for the TriplePlay® portable clean water requirement, brings more than 20 years experience in the development and delivery of portable water station solutions adaptable to most of the situations in different countries and regions of the world, including Africa, Latin America, Asia, Middle-East, Near-East for both disaster relief and for rural population requirements working with USAID, the International Red Cross, the Red Crescent, ICRC, and numerous NGOs. Most recently, LMS supplied water purification systems in Haiti following the earthquake, in Pakistan during the disastrous floods, and in Libya for refugee camps in the on-going conflict in that country.
ABOUT TIE TECHNOLOGIES, INC.
TIE Technologies is a diversified holding company, focused within specialized science and technology driven market sectors. TIE management and its advisory team bring specialized skills and resources to the generation and selection of acquisition opportunities. TIE Technologies is traded on Pink Sheets under the symbol “TTCS.” For additional information please visit .
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company — although given in good faith — are inherently uncertain and actual events and/or results may differ materially.
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