TurboSonic Announces US$2.7 Million Order for Green Energy Project
(firmenpresse) - WATERLOO, ONTARIO -- (Marketwire) -- 01/03/12 -- TurboSonic Technologies, Inc. (OTCBB: TSTA), a global provider of clean air technologies, today announced receipt of a US$2.7 million order for turnkey supply of a SonicKleen™ Wet Electrostatic Precipitator (WESP) to control particulate emissions from a wood pellet production plant. Project completion is scheduled for the 2012 calendar year.
The SonicKleen™ WESP is the most advanced wet electrostatic precipitator design on the market. It is used to control fine particulate, condensable particulate matter and acid mist emissions from industrial processes and power generation, providing continuous, reliable performance and virtually maintenance-free operation.
Our customer is a leading supplier of wood-based panel and pellet production lines. This order is the first with this European customer and is for a pellet production facility under construction in the US. Demand for wood pellets as a biomass fuel is an increasingly important component of the global energy market as national energy self-sufficiency and environmental goals are realized. The use of wood pellets as fuel has been classified by the US EPA to be a carbon neutral fuel source. The European market has increased its reliance on biofuels in place of burning coal for heat and power generation, to reduce carbon emissions. Both the European and US markets are forecast for significant growth in demand for pellet production.
"I am very pleased by our receipt of this order," said Edward Spink, TurboSonic CEO. "We have a world class team, strong partners and a proven technology platform that provide a foundation for TurboSonic's future success. Our extensive experience in the wood-based panel market, where we have set the standard for equipment reliability and low maintenance, was instrumental in winning this contract. We believe that this order represents a growing market for us."
For more information on the SonicKleen™ WESP, please visit:
TurboSonic Technologies () designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol & Biofuels, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries meet the strictest emissions regulations, improve performance and reduce operating costs.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-K and other documents the Company files from time to time with the Securities and Exchange Commission.
TurboSonic Technologies, Inc. (OTC Bulletin Board: TSTA - News)
Contacts:
TurboSonic Technologies, Inc.
Ed Spink
CEO
519-885-5513 ext. 214
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Datum: 03.01.2012 - 13:45 Uhr
Sprache: Deutsch
News-ID 100553
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Town:
WATERLOO, ONTARIO
Kategorie:
Air Pollution Control
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