Environmental Solutions Worldwide, Inc: Receives Orders for XtrmCat Locomotive Diesel Engine Emission Reduction Catalysts
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CONCORD, Ontario--(Business Wire)-- Environmental Solutions Worldwide Inc. (OTCBB: ESWW) (Frankfurt Stock Exchange FWB: EOW) announced today that the Company`s wholly owned subsidiary ESW Canada Inc. (ESWC) has received sales orders amounting to $266,000 for five XtrmCat Locomotive Diesel Oxidation Catalysts (DOCs) from Advanced Global Engineering in Atlantic Beach, FL. and West Coast Express (TransLink) in Vancouver, BC. On October 6, 2008, the XtrmCat became the first DOC to be added by the Environmental Protection Agency (EPA) to its Emerging Technology`s list for marine Electro Motive Diesel (EMD) two-stroke diesel engines. The XtrmCat is also being sold for installation on EMD powered locomotives. EMD diesels are the most widely used engines in marine and locomotive applications in North America and account for a demographic population of over 40 thousand units currently in service. ESWC is presently in the process of EPA verification of the XtrmCat for both marine and locomotive retrofits, funded in part by a $731,000 grant received from the Texas Environmental Research Consortium (TERC) and the Houston Advanced Research Center (HARC). In March of 2008 the EPA finalized new stringent emission standards for locomotives and marine diesel engines opening the door for this regulated retrofit market opportunity. (1.) EPA figures show there are 18,512 rail units in operation in the US with a requirement for 5% or 925 units a year to be remanufactured using Best Available Retrofit Technology. Due to the long total EMD engine serviceable life spans, annual replacement rates of existing locomotives with newly build units is very low. (2) Mr. David J. Johnson, ESW's President and CEO commented, "We are excited to see these first sales of the XtrmCat into the rail community, and look forward to the product being applied to passenger, switcher and freight locomotive engines. We believe a successful retrofit program will involve the application of a durable proprietary catalyst substrate coupled with a simplistic, yet robust packaging solution like the XtrmCat in order to gain significant industry acceptance. We are looking forward to future sales through our growing distribution channels into this very challenging sector of the diesel emission reductions retrofit market." (1.) For further information please visit: http://www.epa.gov/oms/regs/nonroad/420f08004.pdf (2.) For further information please visit: http://www.epa.gov/otaq/regs/nonroad/locomotv/frm/locorsd.pdf About Environmental Solutions Worldwide Inc. Headquartered in Concord, Ontario, Environmental Solutions Worldwide, Inc. is a publicly traded company engaged through its wholly owned subsidiaries ESW Canada, Inc. and ESW America, Inc. (the ESW Group of Companies) in the design, development, ISO 9001:2000 certified manufacturing and sales of technologies for both the environmental control and military sectors. The ESW Group of Companies currently manufacture and market a diversified line of catalytic emission control products and support technologies for diesel, gasoline and alternative fueled engines. The ESW Group of Companies also operates a comprehensive EPA/CARB & MSHA recognized emissions testing and verification laboratory. For updated information, please visit the Company`s Web site at: www.cleanerfuture.com For updated information about our military division, please visit the Company`s Web site at: www.eswmilitarytech.com Safe Harbor This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company`s products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company`s SEC reports and filings. Environmental Solutions Worldwide Inc Investor Relations, 1-905-695-4142 Investor-relations@cleanerfuture.com Copyright Business Wire 2009
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