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:: Inco and CyPlus announce SO2/AIR Technology Transfer

Inco Technical Services Limited (ITSL), a wholly-owned subsidiary of Inco Limited, Toronto , Canada , and CyPlus GmbH, a wholly-owned company of Degussa AG, Düsseldorf , Germany ,announced today that they have entered into a technology transfer agreement covering a phased transfer of Inco’s SO2 /AIR cyanide destruction technology and related know-how to CyPlus. Inco’s decision is in keeping with the company’s desire to focus on its core business activities.

The SO2 /AIR cyanide destruction technology has been a leader in the marketplace for over 20 years and ITSL and its predecessor established strategic customer alliances worldwide for this technology. In January 2003, ITSL and CyPlus announced the product launch of their new jointly-developed CombinOx technology, a process which takes advantage of synergies between the SO2 /AIR technology and Degussa’s peroxygen technologies.

Both companies realize that there will continue to be a need for the SO2 /AIR technology within the world’s mining community. All new customer inquiries for the SO2 /AIR technology will be directed to CyPlus for contracting purposes and ITSL will serve as technical advisor and sub-contractor to CyPlus during a phased transition period. ITSL will continue to support its existing SO2 /AIR technology customer base while assisting with the technology transfer.




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