Message #14 From:
Stock News Bot Date: March 21, 2007 06:40:00 AM
ESWW News Environmental Solutions Worldwide Inc Receives $7.4M Order for Scat-IR-Shield(TM) Exhaust Shielding System for U.S. Marine LAV's
CONCORD, ON.--(BUSINESS WIRE)--Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW) (Frankfurt Stock Exchange (FWB:EOW)) announced today that the Company’s wholly owned subsidiary ESW Canada Inc. (ESWC), has received an order for 1,000 units of its proprietary heat/infrared reduction and exhaust shielding system branded Scat-IR-Shield™ valued at US $7.4m. The 1000 units are scheduled for completion and delivery during the 3rd quarter of 2007.
This innovative technology, designed by ESWC’s engineering/design division, operates in combination with the Company’s Stlth Cat™, a high performance catalyzed military muffler. The complete system is engineered to reduce the overall heat/infrared, sound and exhaust signature of the US Marines’ Light Armored Vehicle (LAV). The Scat-IR-Shield™system is designed as a single component installation on all eight (8) types of LAV vehicle from the LAV-25 to the LAV-C².
As previously reported in August of 2006, ESWC received an order from International Truck and Engine Corporation (International®) for 1000 Stlth Cat™ catalytic muffler systems, in a $2.85m U.S. Army Tank-automotive and Armaments Command (TACOM) contract. These units were manufactured and delivered to TACOM in the 4th quarter of 2006. The Stlth Cat™ is currently being applied to the LAV’s as an essential component in the US Marines upgrade program with new composite armor technology in an endeavor to extend the effectiveness and service life of the vehicles.
Mr. David J. Johnson, ESW's President and CEO commented, “We believe this latest order demonstrates the depth and diversity of the Company’s management, engineering and manufacturing team. Due to the successful sale of the Stlth Cat™ and subsequent Scat-IR-Shield™ system for the US Marines, the Company has setup a new internal division to continue to work with the U.S. and other NATO (North Atlantic Treaty Organisation) military organizations on this and future programs. We believe that there is a potential for widespread deployment of this technology across a large segment of the military on vehicles, generators and off-road equipment, and we are currently in the process of presenting this combination system to other military organizations.”
Mr. Johnson further commented, “In November of 2006, ESW was invited to participate in the 5th Annual Light Armored Vehicle (LAV) & Stryker Summit held in Arlington, VA. There, we were honored to give a comprehensive presentation on the Stlth Cat™, TempMax™ and the new Scat-IR-Shield™ system to the NATO country military delegates in attendance. The response from the attendees to the presentation and technologies showcased on display was outstanding.”
For updated information on this event, please visit:
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 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 Company also operates a comprehensive EPA/CARB 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.