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Proceco Acquires MP Tech Blasting Technologies from Deloitte & Touche Inc.

Montreal, Quebec, July 2, 2009 – Proceco is pleased to announce the acquisition of all blasting technologies previously owned by Metal Processing Technologies Inc. (MP Tech) of Cambridge, Ontario. On June 11th 2009, Proceco Ltd. acquired certain assets from Deloitte & Touche Inc., the Receiver and Trustee in Bankruptcy of MP Tech Inc. These assets included patents, engineering data and process test equipment. Proceco will apply its know-how in application and design engineering, project management and quality manufacturing to further develop the patented Slurry Blast Technology, thereby expanding its parts cleaning and surface treatment offerings to its global customer base. The patented Slurry Blast Process is the ultimate metal component surface finishing process designed to degrease, blast clean, surface profile, shot peen and rust inhibit in one footprint.