China Energy Recovery Files a New Patent of Waste Heat Recovery Technology to Capture and Reuse Waste Energy in Cement Manufactu
April 14 2009 - 7:00AM
PR Newswire (US)
SHANGHAI, April 14 /PRNewswire-Asia/ -- China Energy Recovery, Inc.
(OTC:CGYV) (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a
leader in the waste heat energy recovery sector of the industrial
energy efficiency industry, today announced that as part of its
strategic initiative to strengthen protection of its intellectual
properties for energy efficiency, the company has filed a new
patent application with the Intellectual Property Office of China
for its waste heat recovery technology for cement manufacturing.
Cement manufacturing is one of the fastest growing industries in
China, with estimates of up to a single new factory opening every
1-2 weeks throughout the country, and they are among the country's
biggest consumers of power and polluters. This technology
streamlines the structure of the waste heat recovery boiler for
cement manufacturing to improve the reliability and recovery
efficiency of the equipment while reducing the equipment size to
save costs. "This patent application is the result of the core
technical know-how for waste heat recovery that China Energy
Recovery has developed over the years and which can be replicated
and applied to different industries," commented Mr. Qinghuan Wu,
Chairman and CEO of China Energy Recovery. "The cement industry in
China is one of the major industries intended to benefit from the
recent stimulus package passed by the Chinese government. It is
also one of the industries in which there exists enormous potential
for improvement in areas such as energy efficiency and the
reduction of harmful emissions and CO2. This piece of technology
developed by CER's engineers is expected to optimize the efficiency
of recovering the waste heat released from the cement manufacturing
process and open up enormous opportunities for CER within the
cement industries in China and abroad." What is Waste Heat Energy
Recovery? Industrial facilities release significant amounts of
excess heat into the atmosphere in the form of hot exhaust gases or
high-pressure steam. Energy recovery is the process of recovering
vast amounts of that wasted energy and converting it into usable
heat energy or electricity, dramatically lowering energy costs.
Energy recovery systems are also capable of capturing harmful
pollutants that would otherwise be released into the environment.
It is estimated that if energy currently wasted by all the U.S.
industrial facilities could be recovered, it could produce power
equivalent to 20% of U.S. electricity generation capacity without
burning any additional fossil fuel, and could help many industries
to meet stringent environmental regulations. About China Energy
Recovery, Inc. CER is an international leader in designing,
manufacturing and installing waste heat energy recovery systems
which provide facilities with greater energy efficiency. The
company's primary focus is on the Chinese market. CER's technology
captures industrial waste energy to produce low-cost electrical
power, enabling industrial manufacturers to reduce their energy
costs, shrink their emissions footprint, and generate sellable
emissions credits. CER has deployed its systems throughout China
and in such international markets as Egypt, Korea, Vietnam and
Malaysia. CER focuses on numerous industries in which a rapid
payback on invested capital is achieved by its customers,
including: chemical, paper manufacturing, refining (including
methanol refining), etc. CER continues to invest in R&D and
plans to build China's first state-of-the-art energy recovery
system research and fabrication facility to allow it to meet the
increased demand for its products and services. For more
information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp . Information on
CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer This press release includes
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995, as amended. All statements, other
than statements of historical fact, included in the press release
that address activities, events or developments that CER believes
or anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made
based on experience, expected future developments and other factors
that CER believes are appropriate under the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of CER and may
not materialize, including, without limitation, the efficacy and
market acceptance of CER's products and services, CER's ability to
execute on its business plan and strategies and CER's ability to
successfully complete orders and collect revenues therefrom.
Investors are cautioned that any such statements are not guarantees
of future performance. Actual results or developments may differ
materially from those projected in the forward-looking statements
as a result of many factors. Furthermore, CER does not intend (and
is not obligated) to update publicly any forward-looking
statements, except as required by law. The contents of this release
should be considered in conjunction with the warnings and
cautionary statements contained in CER's filings with the
Securities and Exchange Commission, including CER's Annual Report
on Form 10-K filed with the Securities and Exchange Commission on
March 30, 2009. For more information, please contact: Media Sean
Mahoney Tel: +1-310-867-0670 Email: Investor Relations Jim Blackman
Tel: +1-713-256-0369 Email: DATASOURCE: China Energy Recovery, Inc.
CONTACT: Media - Sean Mahoney at +1-310-867-0670 or ; Or Investor
Relations - Jim Blackman at +1-713-256-0369 or Web site:
http://www.chinaenergyrecovery.com/s/Home.asp
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