Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW)
announced today that its wholly owned subsidiary ESW America (ESWA)
has been awarded a $250,000.00 research grant for optimization of the
Company's proprietary XTRM Cat(TM) Locomotive & Marine catalyst
technology from the Texas Environmental Research Consortium (TERC) and
the Houston Advanced Research Center (HARC).
The grant awarded to ESWA is made possible by the New Technology
Research and Development (NTRD) Program which was created in 2001 by
the 77th Texas Legislature. The NTRD Program is funded by the State of
Texas through the Texas Commission on Environmental Quality (TCEQ).
NTRD grants are designed to expedite the commercialization of new and
innovative emission reduction technologies that will improve the air
quality of Texas.
TERC awarded the grant in part due to the significant efforts and
progress made through the previous field testing of the XTRM Cat(TM)
catalyst technology in Electro-Motive Diesel (EMD) diesel commuter
locomotive applications. One of the goals of the project is the
reduction of Diesel NOx (Oxides of Nitrogen) Emissions from existing
EMD powered Marine Engines by 25% with the potential for an associated
Diesel Particulate Matter (PM) reduction co-benefit. This grant will
assist ESWA in the continued testing and development of the XTRM
Cat(TM) technology in the laboratory as well as in real-world marine
applications. These efforts are being made to demonstrate long-term
durability and readying the product for eventual regulatory approval.
The product claim validation grant has the potential to be applied to
over 500 local marine vessels in the Houston area (with a associated
potential 1,000 ton per year NOx benefit), just one sample of the XTRM
Cat's(TM) potential impact. The grants goals are also supportive of
EPA's commitment to reduce air emissions as per the most recent
proposed marine and locomotive emission control regulations. For
further information please visit:
http://www.epa.gov/otaq/regs/nonroad/420f07015.htm
Rudy Smaling, NTRD Program Director for HARC, remarked, "We are
looking forward to working with ESW America. The project that they
proposed has the potential to provide significant contributions toward
cleaning up the air in Texas, particularly around Houston and
Galveston."
Mr. David J. Johnson, ESW's President and CEO commented,
"Receiving this grant underscores our commitment to the Marine and
Locomotive market. We are excited to be able to push the application
window for our technologies. Of particular interest is the impact of
the XTRM Cat(TM) to facilitate NOx reductions while garnering
additional PM reductions in this market segment. We see this as a
fantastic opportunity to continue working with partner organizations
to validate the product's performance and we look forward to seeing
the product applied in both ozone and PM2.5 non-attainment areas."
For more information about HARC, please visit:
http://www.harc.edu/
For more information about TERC, please visit:
http://www.tercairquality.org/About/
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 environmental and support
technologies. 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
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.
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