Environmental Solutions Worldwide Inc. (OTCBB: ESWW) (Frankfurt Stock Exchange FWB: EOW) announced today that since the beginning of 2010, the Company’s wholly owned subsidiary, ESW Canada Inc., (ESWC) has received Therma Cat™ sales orders in excess of $10 million. Over sixty percent of the orders have been received during the last six months. The sales orders from the Company’s North American distribution network represent both On/Off Road applications. Therma Cat™ is the company’s proprietary California Air Resources Board (CARB) verified Active Level III Plus System.
David J. Johnson, the Company's President and CEO, commented, “As deadlines for compliance are moving closer in many states, cities and municipalities, accelerating sales indicate that the benefits of the Therma Cat™ are resonating within the diesel engine retrofit market, a trend that we believe will continue in 2011.
“During 2010, numerous fleet owners purchased and installed the Therma Cat™ for initial test programs. Their feedback has been consistently positive, noting that the product not only meets their primary need of reducing diesel emissions, but also avoids additional costs in manpower and vehicle management for predefined operations or required operator interaction, subsequent to the installation. These benefits give our Company a solid competitive advantage in the marketplace, and is the reason a large percentage of the initial test programs continue to drive larger orders.”
The Therma Cat™ is an active diesel engine pollution-reducing technology utilizing an automatic electronic controlled hydro carbon based filter regeneration system without affecting the engines overall performance. The filter regenerations take place in real-time engine operation without the need for driver/operator interface and without vehicle/equipment downtime or daily maintenance intervals. This unique approach gives the Therma Cat™ a very diverse and large potential cross section and demographic of On/Off-Road applications. These include school buses, municipal vehicles, delivery trucks, sweepers, port forklifts, wheel loaders, excavators, graders, dozers, grinders and cranes.
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.
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.
Investor Relations, 1-905-695-4142
Paul Henning, 212-554-5462
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