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Spectrum Holdings Receives Patent Allowance for Small Footprint Mining Equipment

^{Published on 2010-06-29 05:35:36 - Market Wire}
 

AUSTIN, Texas--([ BUSINESS WIRE ])--Spectrum Acquisition Holdings, Inc. (Pink Sheets: SPAH), a growing mining exploration, technology and services organization, has received a Notice of Allowance from the United States Patent and Trademark Office. Spectrum is engaged in bringing more sustainable, smaller footprint mining technologies and equipment to market. The Company is pleased to announce patent allowance for its proprietary Laser Guidance System for Diamond Wire Stone Cutting Apparatus, which will enable more efficient mining of mineral resources.

Dale Henry, CEO of Spectrum Acquisition Holdings, commented: aSpectrum is committed to bringing solutions to market that enable operators to effectively mine resources in ways that reduce energy consumption, improve extraction, decrease the use of toxic chemicals and minimize the long-term effects on the land. The Laser Guidance System is one such solution and we are extremely proud to accept patent allowance acknowledging its innovation and market potential.a

Spectrum received a Notice of Allowance from the United States Patent and Trademark Office stating the Patent Examiner has examined and allowed for issuance as a patent the Companya™s proprietary Laser Guidance System for Diamond Wire Stone Cutting Apparatus. The technology involves an innovative stone cutting guidance system that can continuously detect the precision of cuts and modulate the cutting wirea™s feed rate to maximize performance and extend the working life of the cutting wire. Precision cutting of large stones is efficiently achieved using a continuous cable imbedded with diamond-impregnated beads.

The Laser Guidance System for Diamond Wire Stone Cutting Apparatus connects cutting wire speed control to a sensor that detects the straightness of the wire as it cuts into a stone.

About Spectrum Acquisition Holdings, Inc. (SPAH.PK)

Spectrum Acquisition Holdings is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable resources. Spectrum is developing technology solutions to enable more sustainable, smaller footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions of mining sector service companies including operators, mine site service providers, equipment manufacturers, geology firms and technology developers.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SPAH has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect SPAHa™s current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the SPAHa™s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. SPAH undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.