WATERLOO, ONTARIO -- (Marketwire) -- 11/29/10 -- TurboSonic Technologies, Inc. (OTCBB: TSTA), a global provider of clean air technologies, today announced it has been awarded a contract by a US customer for its proprietary SonicKleen™ Wet Electrostatic Precipitator (WESP) technology, for particulate removal for a green energy facility that will generate over 100 MW of power. As previously discussed in TurboSonic's 10Q filed with the SEC on November 15, 2010, contract execution is subject to a "notice to proceed" expected in June 2011, with delivery scheduled for April 2012.
Edward Spink, TurboSonic CEO, noted, "The selection of TurboSonic's SonicKleen™ WESP for this project was particularly gratifying because TurboSonic was selected as a result of an international competitive bidding process, conducted by an independent consulting engineer, involving a wide range of competitors, designs, and technologies. We believe that the many patented advanced features of the SonicKleen™ WESP and our extensive design and application experience weighed heavily on our success. Given the current emphasis on energy efficiency, waste-to-energy, and alternate fuel sources, this is a significant step in TurboSonic's penetration of this new market."
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 & 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)
TurboSonic Inc. TurboSonic Inc. Italian Office 550 Parkside Drive VIA IV Novembre, 92 Waterloo, ON, Canada N2L 5V4 Bollate, Milano, 20021, Italy Tel: 519-885-5513 Tel: 39-02-38305384 Fax: 519-885-6992 Fax: 39-02-33301943 info@turbosonic.com info.eu@turbosonic.com
Contacts:
TurboSonic Technologies, Inc.
Ed Spink
CEO
519-885-5513 ext. 214
espink@turbosonic.com