The Tirex Corporation announced today its accreditation from the Provincial Government recycling agency, Recyc- Quebec, as an officially authorized tire recycler. The approval results from the receipt of its commercial permits from the Montreal Urban Community and the City of Montreal and following a technical evaluation by Recyc-Quebec qualifying Tirex. Tirex also announced that its Fiscal 2001 Research and Development Tax Credit claims with the Governments of Canada and Quebec have been approved. According to Tirex president John L. Threshie Jr., “This accreditation as a commercial tire recycling operation permits Tirex to have direct access to scrap tires to meet its requirements and entitles us to generate revenue from tire recycling government subsidies; as a consequence of these permits and accreditations, Tirex has appreciably increased its crumb rubber production activities to meet existing market demand. "Significantly, it also demonstrates that the company’s environmentally friendly patented process is recognized technically which should assist the company with its world-wide sales efforts of our TCS technology.” Tirex has developed a patented cryogenic tire recycling process (the TCS) that produces clean crumb rubber with a unique morphology ideally suited for higher value-added products including thermoplastic and extrusion products.