The Tirex Corporation is engaged in the business of developing for sale, license or lease an turn key cryogenic tire recycling system, known as the TCS System. The TCS System was designed and developed by Tirex and separates tires into clean and saleable rubber crumb, steel wire, and fiber. TCS-System consists of a complete, turn-key, environmentally safe, semi-cryogenic tire recycling system. The Company focused primarily on the design and development of the original TCS Prototype, and, more recently, on the completion of the design of a second generation version of this technology.