Quantum Group Buys Recycling License Holder

July 16, 2000

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Tustin-based The Quantum Group, a maker of equipment that recycles automobile tires, has acquired Advanced Recycling Sciences Inc., a subsidiary of Plant City, Fla.-based UTEK Corp.

Advanced Recycling obtained a worldwide exclusive license to a patented recycling technology that uses chemical processes under supercritical conditions to recycle tires.

Terms of the acquisition were not released.

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Quantum Group Buys Recycling License Holder

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