CONCORD, Ontario--(BUSINESS WIRE)--Environmental Solutions Worldwide Inc. (ESW) (OTCBB: ESWW) (Frankfurt Stock Exchange FWB: EOW) announced today that its wholly owned subsidiary ESW Canada Inc. (ESWC) has received notification from EPA that the ‘Emerging Technology’ listing of its proprietary XtrmCat™ Diesel Oxidation Catalyst (DOC) technology kit has been extended until October 2010. (1.)
In October 2008 ESWC became the first Company in the industry to achieve the status of an ‘Emerging Technology’ for its proprietary XtrmCat™ DOC on marine applications. Since then, ESWC has been diligently pursuing the EPA verification/certification of the technology as per the initial listing requirement. The ‘Emerging Technology’ listing extension was granted by the EPA after a comprehensive investigation of the progress ESWC had achieved with the XtrmCat™ towards the final verification/certification over the past year on Electro-Motive Diesel (EMD) 2 Stroke marine/locomotive engines. ESWC is currently working closely with various stakeholders; both marine and locomotive based to generate the final necessary field data required for completing the stated goal for this new technology.
David J. Johnson, ESW's President and CEO commented, “The ESWC Team is grateful for the listing extension by the EPA and the funding received through various other demonstration programs to validate the XtrmCat™ technology in the field. This listing will allow our customers to continue to apply for grant funding under the EPA administered programs as we move towards the end goal of the technology verification/certification in 2010.”
“The marine/locomotive emissions retrofit market represents we believe to be a significant untapped opportunity for our Company, Mr. Johnson further remarked. With tens of thousands of these types of engines in service operating in North American without any form of exhaust aftertreatment device, the XtrmCat™ has the potential to make a significant dent in the overall emissions being expelled into the environment.”
(1.) EPA Emerging Technology List:
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
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.