Energy Systems Business Wins $9 Million Order
March 12 2009 - 3:00AM
UK Regulatory
TIDMCTS TIDMCTS TIDMCTSU
RNS Number : 7272O
Catalytic Solutions, Inc.
12 March 2009
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| For immediate release | 12 March 2009 |
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Catalytic Solutions, Inc.
(The "Company")
energy systems business wins $9 Million ORDER
Catalytic Solutions, Inc. (AIM: CTS and CTSU), the company behind Mixed Phase
Catalyst (MPC ) technology, is pleased to announce that its Energy Systems
business has won an order from PCL Industrial Services, Inc. to provide
selective catalytic reduction (SCR) emission control solutions for a major oil
company. The contract is for multiple systems valued at approximately U.S. $9.0
million and is expected to be completed by the end of calendar 2009.
PCL Industrial Services, Inc., a member of the PCL family of companies which is
one of the largest general contracting organizations in North America, selected
the Company for its superior total technical solution. The Company's SCR
emission control solutions are designed to reduce nitrogen oxide (NOx) emissions
by more than 80 percent and are fully compliant with emission standards.
Commenting on the order, Charles F. Call, Chief Executive Officer of Catalytic
Solutions, Inc. said:
"We are delighted that PCL Industrial Services, Inc. recognizes the value
proposition in selecting us for their client's emission control applications.
We entered 2009 with a strong order book in our Energy Systems business,
following a successful 2008 during which we booked nearly $24 million in new
business. The order builds on this strong performance and puts the business on
a solid footing for 2009. Our strategy to position the Company as an emission
control solutions provider to owners and operators of industrial and utility
boilers, simple cycle and combined cycle gas turbines, process heaters, and
gensets remains on course."
For further details please contact:
+--------------------------------+----------------------+-------------------------+
| Catalytic Solutions, Inc. | Canaccord Adams | Buchanan Communications |
| Charlie Call, Chief Executive | Robert Finlay | Charles Ryland |
| Officer | Guy Blakeney | Ben Willey |
| Tel: +1 (805) 639-9463 | Bhavesh Patel | Christian Goodbody |
| Steve Golden, Chief Technical | Tel: 020 7050 6500 | Tel: 020 7466 5000 |
| Officer | | |
| Tel: +1 (805) 639-9464 | | |
| Nikhil Mehta, Chief Financial | | |
| Officer | | |
| Tel: +1 (805) 639-9461 | | |
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About Catalytic Solutions, Inc.
We are a global manufacturer and distributor of emissions control systems and
products, focused in the heavy-duty diesel (HDD), energy systems and light-duty
vehicle (LDV) markets. Catalytic Solutions' emissions control systems and
products are designed to deliver high value to our customers while benefiting
the global environment through air quality improvement, sustainability and
energy efficiency. We have over 28 years' experience in the HDD systems market
and more than 20 years' in the energy systems market. Our proven technical and
manufacturing competence in the LDV market meets auto makers' most stringent
requirements, having supplied over 8 million parts to LDV customers since 1996.
Catalytic Solutions, Inc. is listed on AIM of the London Stock Exchange (AIM:
CTS and CTSU) and currently has operations in the USA, Canada, France, Japan,
Sweden and an Asian joint venture.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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