Greenwood Technologies Joins the Environmental Protection Agency (EPA) to Showcase...

Greenwood Technologies Joins the Environmental Protection Agency (EPA) to Showcase Cleaner Technology Outdoor Wood Boilers

Company Offers Financial Incentives in Vermont for the Replacement
of Old Wood Boilers
BELLEVUE, Wash.--(Business Wire)--
Today, Greenwood Technologies joined the U.S. Environmental
Protection Agency (EPA) and the State of Vermont at an event focused
on demonstrations of cleaner technology outdoor wood boilers for home
and commercial heat.

At the event in Waterbury, VT, Greenwood and the public agencies
encouraged the use of more efficient outdoor wood boiler technology
that is now available versus older, dirty-burning wood boilers that
many people currently use.

Additionally, Greenwood launched its Outdoor Wood Boiler Changeout
Program in Vermont. This program includes a financial incentive and
financing packages for people who want to replace old wood boilers
with cleaner technology. Greenwood is offering a $500 credit and
special financing, which could reduce the cost of a wood boiler to
$140 a month.

At the event, the EPA launched its "Phase 2" emission standards
for outdoor wood boilers and the State of Vermont discussed the
parameters of their certification program. Greenwood Technologies
manufactures only government qualified biomass and wood-fired heating
equipment, whether wood boilers or pellet boilers.

"Wood heat is a powerful way for an average American to influence
the energy discussion," noted Michael Kuehner, vice president of
Greenwood Technologies. "We want to dispel the belief that wood heat
is not a cleaner source of energy. The standard promoted by EPA at
this event is a clear indication that wood and biomass are
increasingly important elements in our country's energy platform."

The event is taking place in the shadow of some of the highest
home heating prices in history. According to estimates by the U.S.
Department of Energy, households using heating oil will pay an average
$4.34 a gallon or $2,644 for the heating season. This is up more than
30 percent from last winter and up more than 150 percent since 2003.

"The cost and price stability of heating fuels are the main reason
we are seeing a huge surge in interest," added Kuehner.

Greenwood Technologies expects to top 400 percent in growth this
year. The company displayed its Greenwood Aspen Series wood boiler at
the event. The Greenwood Aspen emits 8.4 grams of particulates per
hour compared to the more than 70 grams produced by an old,
dirty-burning wood boiler.

The event was open to the public and provided an opportunity to
learn more about wood boilers, which have been embroiled in
controversy due to air quality concerns over older and less efficient
"cousins" which have sparked neighborhood disputes.

All Greenwood appliances featured at the event are part of a new
generation of cleaner burning, high efficiency wood boilers that
produce approximately 90 percent less emissions and can save
homeowners as much as 70 percent off their heating bills.

About Greenwood Technologies, LLC

Greenwood Technologies is a clean-burning, renewable heating
solutions manufacturer, located in the Pacific Northwest. Greenwood
Technologies' high efficiency wood and biomass hydronic furnaces are
available through dealers and retailers across the United States and
Canada. For more information call 800-959-9184 or visit
www.greenwoodusa.com.

For Greenwood Technologies, LLC
Christina Starr, 206-352-6402
cstarr@frause.com

Copyright Business Wire 2008