With the legal protection thus provided, the company can now move comfortably and vigorously pursue initiatives with partners and clients for commercial implementation of our promising technology. Based on the U.S. Patent we will expand our domestic partners and begin to expand into international markets in the coming months. We have begun discussions with a U.S.-based company that has offices in Hong Kong to begin to develop the Pacific Rim. This company is preparing the documents so that it will introduce our technology to a multi-billon dollar China company by the end of this year. We expect to begin to exchange information in the first quarter of 2001 after all of the necessary International Agreements are in place.
Preliminary discussions are in process and technical papers have been exchanged.
Our process can produce low ash, low moisture, ultra-fine coal, and together increase combustion efficiency. The process also reduces unburned carbon and NOx emissions, which will become even more important as Environmental Protection Agency standards become more stringent. A large international corporation has invited Terra Systems to bid on a project to clean up a low-level radioactive waste storage facility, actually a Superfund Site. Over 5,000 cubic yards of radioactive waste are presently held in a storage silo, which is naturally disintegrating. The company has proposed a closed loop, integrated bulk handling system that would extract, transport, pulverize, treat, and bind the radioactive waste, before loading it into safe containers for final disposal.