Welcome to the revived IHUB Board for Environmental Solutions Worldwide (ESWW). 2009 is going to be an exciting year.
Latest Quarterly Update Letter to Shareholders
Key Audio/Visual Sources of Information for Current ESWW Efforts and Potential:
September 2007 article in Diesel Progress unveiling ESW's Air Testing Services operation at ESW America in Pennsylvania
May 5, 2009 article in local Georgia newspaper, where the first ThermaCat installations in the U.S. were done last fall
Significant and Growing Partnerships
ESWW has been showing slow but consistent signs that the company is very capable of growing strong partnerships, which should lead to significant growth. Three examples are worth highlighting.
GE Canada: In early 2007, the CEO made a brief reference to work with GE in Canada. While it is not clear when this collaboration started, it was nice to see this effort has taken the next step, as announced November 9. http://www.cleanerfuture.com/pressrelease.php?date=20071109101644
This funded demonstration project is a key step in the process of moving from basic and applied research to commercialization, market development and market entry. The entity providing the funding, SDTC, has an educational presentation about this pre-commercialization funding they provide. It is worth checking out http://www.sdtc.ca/en/news/SDTC_Overview.pdf. Given that the exhaust from locomotive and marine diesel engines will likely be regulated in the next several years, this demonstration project with GE Canada could get valuable press coverage in the year ahead.
International: ESWW signed a Memorandum of Understanding with International in February, 2006. http://www.cleanerfuture.com/pressrelease.php?date=20060214114916
This evolved over the subsequent 22 months with several steps, including the unveiling of TempMax Exhaust Tube in April 2006 http://www.cleanerfuture.com/pressrelease.php?date=20060405163629, and a subsequent order for TempMax by International's kitting and distribution partner in September 2006 http://www.cleanerfuture.com/pressrelease.php?date=20060906092901. Throughout this time, it was known that ESWW was working with International's Green Diesel Technology group on other potential products and encountering other opportunities through this relationship (see TACOM below). This continued partnership most recently culminated in the signing of a Emissions Control and Technologies Provider and Cooperation Agreement on November 8, 2007 http://www.cleanerfuture.com/pressrelease.php?date=20071108093000.
TACOM: This acronym stands for the U.S. Army Tank-automotive and Armament Command. The first evidence of this partnership came in August 2006, when ESW obtained a $2.8 million contract (thanks to International Military and Government LLC) to provide the Stlth Cat catalyst/muffler http://www.cleanerfuture.com/pressrelease.php?date=20060801130854. Following this successful sale, evidence surfaced that other work was ongoing, as ESWW presented two of its products at the 5th Annual Light Armored Vehicle and Stryker Conference in November 2006 http://www.cleanerfuture.com/media_vssummit.htm. In 2007, this growing relationship resulted in a $7.4 million contract in March for the proprietary Scat-IR Shield http://www.cleanerfuture.com/pressrelease.php?date=20070321110224. ESWW is still working on its military products line, noting that ESWW attended the latest Light Armored Vehicle and Stryker Conference last October.
Bucyrus: The most recent relationship extablished is with this major, global mining company. As stated in the last shareholder letter in October and in the most recent 10-K, ESWW's M-Cat Permissible has been approved by the U.S. Mine Safety and Health Administration (MSHA) and is currently being used in a Bucyrus Power Pac assembly. It is likely that the Power Package approval (#3) awarded to Bucyrus by MSHA in September is the product containing ESWW's Permissible Cat http://www.msha.gov/techsupp/acc/lists/monthly/2008/september2008.pdf.