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CGT is a significant development in the control of Volatile Organic Compounds (VOCs). VOCs such as formaldehyde are air pollutants, with individual compounds associated with smog, global warming and cancer. TurboSonic's proprietary clean air technology will be integrated with PROCD's CGT technology for use by building products and other industries requiring VOC control.
In contrast to carbon sequestration, which typically focuses on the capture, use, or storage of CO2, CGT technology avoids CO2 creation in the first place, which is a much more desirable, cost-effective solution. In addition, the US EPA has recently declared that CO2 is a major hazard to public health and welfare. Rather than utilizing traditional thermal destruction technologies dependent on costly natural gas to thermally oxidize formaldehyde and other VOCs, generating large amounts of greenhouse gases (GHGs), the patented CGT technology utilizes an environmentally friendly catalytic process to destroy VOCs without the production of harmful, combustion-related GHGs and smog-producing nitrogen oxides.
Edward Spink, TurboSonic CEO, stated, "We are particularly pleased in arriving at this exclusive agreement with PROCD. We believe that this patented technology offers users the potential for a return on investment from fuel savings alone compared with traditional technology, and we believe this will qualify for carbon credits under proposed cap-and-trade legislation, as well as provide significant environmental benefits. CGT installations are already demonstrating that this is a cost-effective and reliable technology with low operating costs. TurboSonic recently announced a US$4 million order for CGT technology, which was selected over regenerative thermal oxidizer (RTO) technology. We believe the market for CGT is extensive: with thousands of RTOs in operation in the US alone, CGT is an obvious choice for their replacement as operators look to lower their operating costs. We anticipate that this agreement will extend our ability to offer leading-edge solutions to our customers, and that our sales of CGT technology will form a significant contribution to our plans for growth."
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol, 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-KSB and other documents the Company files from time to time with the Securities and Exchange Commission.
TurboSonic Technologies, Inc. (OTC Bulletin Board: TSTA - News)
TurboSonic Inc. TurboSonic Technologies Inc. 550 Parkside Drive 239 New Road, Bldg B, Suite 205 Waterloo, ON, Canada N2L 5V4 Parsippany, NJ, USA 07054 Tel: 519-885-5513 Tel: 973-244-9544 Fax: 519-885-6992 Fax: 973-244-9545 info@turbosonic.com info@turbosonic.com TurboSonic Inc. Italian Branch VIA IV Novembre, 92 Bollate, Milano, 20021, Italy Tel: 39-02-38305384 Fax: 39-02-33301943 info.eu@turbosonic.com
Contacts: TurboSonic Inc. Ed Spink CEO 519-885-5513 ext. 214 espink@turbosonic.com
SOURCE: TurboSonic Technologies, Inc.
mailto:espink@turbosonic.com
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