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Environmental Solutions Worldwide Inc.: Clean Cat(TM) Diesel Engine High Performance Catalyst Awaits Final EPA Verification Test at SwRI
Tuesday October 21, 9:30 am ET
CONCORD, Ontario--(BUSINESS WIRE)--Environmental Solutions Worldwide Inc. (ESW) (OTCBB: ESWW - News) (Frankfurt Stock Exchange FWB: EOW) announced today that the Company’s wholly owned subsidiary ESW Canada Inc. (ESWC) received documents on October 16th, 2008 from the Research Triangle Institute (RTI) for emissions testing on the Company’s Clean Cat™ (1.)Level I High Performance Diesel Oxidation Catalyst (HP-DOC) at Southwest Research Institute (SwRI). This testing series will conclude the Company’s verification program with the Environmental Protection Agency (EPA).
In the first quarter of 2008, ESW’s wholly owned subsidiary ESW America Inc. (ESWA), a state of the art emissions/engine testing Tech Center, began the mandatory EPA one thousand hours of catalyst durability testing required to qualify for EPA verification. The durability program concluded successfully in the second quarter of 2008 and the Medium Heavy Duty engine and ESWC catalysts were shipped to SwRI. Once testing begins at SwRI, the program will take approximately one week. At the conclusion of the testing, RTI will consolidate and submit the results to EPA for the issuance of the final Executive Order.
Mr. David J. Johnson, ESW's President and CEO commented, “We are looking forward to bringing this lengthy program to a successful conclusion. We believe the EPA verified Clean Cat™ will round out our diesel engine emissions reduction catalyst line, giving us an excellent low end product to service the worldwide retrofit market.”
California Air Resources Board (CARB) Diesel emissions control technology levels: http://www.arb.ca.gov/diesel/verdev/vt/vt.htm
(1.) Level I, PM reduction between 25-49%
(2.) Level II, PM reduction between 50-84%
(3.) Level III, PM reduction greater than 85%
About the Research Triangle Institute (RTI)
RTI International is one of the world's leading research institutes, dedicated to improving the human condition by turning knowledge into practice. We have more than 3,800 professionals providing research and technical services to governments and businesses in more than 40 countries in the areas of health and pharmaceuticals, education and training, surveys and statistics, advanced technology, international development, economic and social policy, energy, and the environment. http://www.rti.org/
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: http://www.cleanerfuture.com
For updated information about our military division, please visit the Company’s Web site at: http://www.eswmilitarytech.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.
Contact:
Environmental Solutions Worldwide Inc
Investor Relations, 1-905-695-4142
Investor-relations@cleanerfuture.com
Source: Environmental Solutions Worldwide Inc.
http://biz.yahoo.com/bw/081021/20081021005517.html?.v=1
.
"Sometimes, business decisions must be based not on economics,
but on what is right." ~ Ivan Howes
Environmental Solutions Worldwide Inc Receives Orders, Ships ThermaCat(TM) Level III Diesel Emissions Reduction Catalyst
Monday October 20, 4:55 pm ET
CONCORD, Ontario--(BUSINESS WIRE)--Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW - News) (FWB:EOW) announced today that the Company’s wholly owned subsidiary ESW Canada Inc. (ESWC) has received orders for its proprietary (3.)Level III diesel catalyst branded ThermaCat™ from International Truck and Engine’s “Green Diesel Technology” division.
The ThermaCat™ active Level III catalyst systems, manufactured by ESWC, were delivered in the first week of October and installed on school buses in South Georgia fleet. The ThermaCat’s™ were engineered to be a complete bolt on retrofit kit designed to replace the bus’s existing mufflers.
The ThermaCat™ is engineered to reduce the highest level of Particulate Matter (PM) while operating in low temperature applications such as school buses and waste truck haulers. The ThermaCat™ is currently in the government ‘on and offroad’ verification process with the California Air Resources Board (CARB) and Environmental Protection Agency (EPA). As an important part of the verification process, units have been installed on several applications and have logged thousands of accumulative durability hours.
Mr. David J. Johnson, ESW's President and CEO commented, “We are very excited to see the first sale and installation of ThermaCat’s™ into the school bus community. Due to the low temperature operating conditions required for the use of the ThermaCat™, we believe it has the potential to be sold into the largest demographic of these types of applications.”
California Air Resources Board (CARB) Diesel emissions control technology levels: http://www.arb.ca.gov/diesel/verdev/vt/vt.htm
(1.) Level I, PM reduction between 25-49%
(2.) Level II, PM reduction between 50-84%
(3.) Level III, PM reduction greater than 85%
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: http://www.cleanerfuture.com
For updated information about our military division, please visit the Company’s Web site at: http://www.eswmilitarytech.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.
Contact:
Environmental Solutions Worldwide Inc.
Investor Relations, 1-905-695-4142
Investor-relations@cleanerfuture.com
Source: Environmental Solutions Worldwide Inc.
http://biz.yahoo.com/bw/081020/20081020006479.html?.v=1
.
"Sometimes, business decisions must be based not on economics,
but on what is right." ~ Ivan Howes
What are you testing?)
I think ESWW is still testing)) Sales would be better!
Emissions control devices in diesel on and off road applications. Also doing development work in locomotive and marine diesel. All about the regulatory push for less air pollutants from exhausts. The I-Box has quite a bit of info. The real question is when will ESW get another decent size contract. 10-K should be out within a few days. Should be interesting to see where thngs stand.
Can you help me here what is this stock about?
Thanks Corky. I found the one catalytiuc converter helpful because it confirmed for me the location of the DPF in relation to the Bluetec NOx component.
GWMAN:o)Its movie #7
corky
GWMAN:o)take a look at this link, movie #8 or 9 I think. Its titled Development of the Catalytic Converter.
corky
http://www.mercedes-benz.tv/index.html?csref=mbcom_ws_mbtv0107_us_en#/en/channel/2/274/sort/custom/
TW, there are two different theories is guessing what Q4 will look like right now.
1. I think there was about 1.3 million in invetory in the last 10Q. If one assumes ESWW is too small to build up inventory and only builds something after the order is placed, then one can assume the inventory would be sold during Q4 and that those sales will likely give us revenue over $2 million for Q4. One argument against this one is that given the derth of revenue announcements since March 2007, one would think management would have made such significant pending revenue known.
2. The other option is to believe that if we had any significant orders it would have been put in a PR. If that is the case, then the only known orders for Q4 would have been completion of the TempMax order, equating t a ballpark of 250K in revenue. One argument against this one is that in Q1 2007 there was 600-800K of revenue that was not explained by a PR.
If there are any other theories out there, love to hear them.
I don't have any way to know what Q4 numbers were (or what will be announced in a couple weeks) but I have some opinions.
First, I think ESWW has had 2 running profitable quarters 2 & 3. There were extraordinary charges (imo) in Q3 that put the final numbers slightly negative. Here's an excerpt from the 8-K dated November 14, 2007 (link below).
"We have also been working with International's "Green Diesel Technology" retrofit group to verify our Clean Cat(TM) Level I High Performance Diesel Oxidation Catalyst (HP-DOC) and Therma Cat(TM) Active Level III catalytic converter technologies. . . . In order for this millstone event to take place, we have incurred increased R&D costs in the third quarter due to the expedited timelines required to bring this events to fruition."
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000909012-07-001407&Type=HTML
So with all the news I've been reading I'm anticipating a 4Q profit. I'm hoping the silence from the company is because they're too busy to bother with PR or to worry about stock price.
ESWW's 10-K should be out in the next 30 days or so. Does anyone have an opinion of what the revenue for Q4 will be?
Hope all is well.
10 months with no report of new revenue and no report of even when new revenue is expected.
God only knows when we might hear something. Could be next month and liternally could be another 8 months. Who knows.
Diesel Scores High
E85 does poorly in cost-benefit analysis
By James R. Healey, USA TODAY
http://www.usatoday.com/money/industries/energy/2007-11-29-e85-ethanol_N.htm?csp=N008
Anything's better than ethanol blend E85, even ordinary gasoline, a new cost-benefit analysis of alternative fuels by researcher John Graham at the Pardee Rand Graduate School finds.
Diesels scored highest, surprising even the researchers. "We were kind of expecting that hybrids would outperform diesels when we went into the study. It's close, but the advanced diesel" provides better performance and fuel economy for the price, he says.
Compared to gasoline, a driver could spend as much as $1,600 more on fuel over a vehicle's life burning E85, a mix of 85% ethanol and 15% gasoline, Graham calculates, while a diesel could save as much as $2,300.
Diesels are just creeping back into the USA as automakers introduce clean-burning models that meet new pollution rules.
The study, which Graham plans to discuss today at a National Academy of Sciences roundtable in Washington, undercuts E85 at a time Detroit automakers are lobbying Congress for ethanol-supportive legislation and fuel-economy credits for building E85-compatible vehicles.
FIND MORE STORIES IN: General Motors | E85 | Rand
General Motors (GM) and Ford Motor, (F) both pro-ethanol, are among companies that support the Rand school. "They aren't crazy about the results," Graham says.
The study also comes just as ethanol organizations are ramping up promotion of so-called intermediate blends of ethanol fuel, such as E20 — 20% ethanol and 80% gasoline — that they say could safely be used in conventional vehicles. Automakers currently limit regular vehicles to E10 blends, saying heavier concentrations of ethanol could damage fuel systems.
"Do we jump from E10 to E85? That's not a logical leap. That's why we're looking at these intermediate blends," says Brian Jennings, executive vice president at the American Coalition for Ethanol.
Graham's team calculated the individual and societal costs and benefits of conventional gasoline vehicles, gasoline-electric hybrids, high-tech diesels and flex-fuel vehicles burning E85 full time. Conclusion: Unless gasoline prices, averaging $3.10 a gallon now, rise above $4 and average $3.50 or more the next few years, or ethanol prices drop a lot, diesel's the best overall solution; E85's the worst.
Ethanol has less than 70% of the energy of gasoline, so more ethanol in the blend means fewer miles per gallon. Adjusted for lower energy content, E85 averaged about $3.25, AAA reported Thursday.
Drawbacks outweigh the high marks ethanol gets for adding almost nothing to the cost of a vehicle modified to burn E85 and for energy independence, Graham's team concluded. Ethanol is made from grain, mainly corn.
Graham, dean at school in Santa Monica, Calif., earlier worked at the U.S. Office of Management and Budget and founded the Harvard Center for Risk Analysis.
Rand is a non-profit corporation that researches public policy issues.
ESW and Notox Relations
FYI, I just went back and skimmed that Sept 2007 article again. The ThermaCat system includes a silicon carbide filter substrate. I suspect that is Notox product, which would lead me to believe ESWW and Notox did meet/work together through PuriTech in developing the Unimog products. Maybe Notox is not a competitor at all on the Unimog front as I originally was concerned about.
Assuming this connecting of the dots is right, then ESW has been slated to be a distributor of Notox product since they all decided to bring the Puritech product to North America and name it the ThermaCat. This would then jive with Notox's mention of our distribution capabilities because the ThermaCat is one of the two products to be distributed by International under the Green Technology brand.
Theoretically, ESWW did not have to be designated the exclusive distributor for North America just to be able to market the ThermaCat (containing Notox product). In turn, I suspect a) ESW and Notox worked very well together and b) ESW's solid and growing relationship with International was considered significant by Notox.
The size of Notox
From what I have been able to deduce, it seems Notox generates a few million (US $) in revenue per year.
SBS, which owns 50% of Notox, generates in the range of 150 - 200 million annually (again converted to US $).
Environmental Solutions Worldwide Inc. Appointed Exclusive North America Distributor for NOTOX Silicon Carbide Diesel Particulate Filters
BusinessWire - November 27, 2007 9:30 AM ET
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Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW) (FWB:EOW) announced today that its wholly owned subsidiary ESW Canada Inc. has become the exclusive North America distributor for Notox's Silicon Carbide Diesel Particulate Filters (DPF's).
The present North American market requirement for cordierite based DPF's has exceeded one (1) million units annually. DPF's are required to achieve the highest levels of diesel engine Particulate Matter (PM) reductions achieving reductions in excess of 85% and typically in the mid 90% range. DPF's have been thoroughly tested by the industry and are currently the technology of choice required to reach government compliance for all diesel engine and vehicle Original Equipment Manufacturers (OEM's) worldwide.
Silicon Carbide (SiC) by contrast to cordierite, is an extremely durable material second to diamond on the hardness scale. This fact makes SiC the perfect substance for DPF's construction based on the extreme vibration and temperature conditions created by diesel engine exhaust. SiC has also proven to be the best DPF technology for use with the forced active PM regeneration systems currently being used by the majority of European OEM's. These systems, like ESWC's Therma Cat(TM), rely on fuel being burned or used to create temperatures higher than that of the exhaust. These artificially created high temperatures are essential in order to force a cleaning of the captured PM from the DPF under all engine operating cycles.
"Notox has during the recent years gained a very strong position on the European and Korean retrofit markets for SiC based DPF solutions. As we foresee a significant growth in the North American Retrofit Markets, both in the Off Road and On Road in 2008 and 2009, we have chosen a strategy that secures a fast access to the market," says Notox CEO Carsten Abel. "ESW has outstanding access to many of these market segments and is a strong ambassador for SiC based DPF solutions. ESW has established a second to none distribution network through its partners that will secure Notox immediate access to the North American customer base, making ESW the obvious partner of choice for Notox. We firmly believe in the strong potential for ESW to secure Notox first fit contracts in the foreseeable future." Notox is a European company, focusing strongly on world class technology and growth. Carsten Abel, CEO, underlines that the culture and management philosophy between the companies represent a nice match: "We see ESW as a very innovative and ambitious company, already experienced in close collaboration with other European companies. As our company culture is built around the same values, we see a nice cultural fit between our companies and look forward to developing our relationship further through our agreement."
"We are very pleased to form an alliance with Notox, a company with tremendous technological resources, experience and proven solutions to one of the industry's most challenging problems. We believe Silicon carbide is the future of the DPF technology and we are honored to be Notox's exclusive distributor for the North America market," commented David J. Johnson, ESW's President and CEO. "Notox's name is synonymous in the European and Asian market for providing high quality, durable PM reduction performance filters. We firmly believe that the agreement between ESWC and Notox represents a tremendous opportunity for our growing North America market to benefit from what we believe is a unique and unparalleled range of DPF products."
Mr. Johnson further remarked. "As a leading edge catalyst metallic substrate manufacturer, Notox's DPF technology fits perfectly into our business model. With Notox's state of the art $70m fully automated high volume manufacturing facility coming online, as well as our expanding distribution network, we are poised to take advantage of this opportunity."
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
For updated information about our military division, please visit the Company's Web site at: www.eswmilitarytech.com
About NOTOX
Notox A/S, headquartered in Transformervej 4, DK-2730 Herlev, Denmark, is a Danish based company engaged in the development and manufacturing of SiC based Diesel Particulate Filters for passenger cars, heavy goods vehicles and industrial applications. Notox is owned by the SBS Group. Scandinavian Brake Systems A/S (SBS) develops, manufactures and distributes brake and friction parts for cars and motorcycles and industrial plants such as wind turbines. SBS is one of Europe's leading suppliers of brake and friction parts and is the market leader in several product areas. SBS is traded at the Copenhagen Stock Exchange under the symbol 'SBS' and Security ID number DK0060042612. For more information, please visit the Company's Web Site at: www.notox.com and www.sbs.dk
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.
SOURCE: Environmental Solutions Worldwide Inc.
Environmental Solutions Worldwide Inc
Investor Relations, 1-905-695-4142
Investor-relations@cleanerfuture.com
Gorwing Relationship News with International
November 08, 2007 09:30 AM Eastern Time
Environmental Solutions Worldwide, Inc. Signs Emissions Control & Technologies Provider Agreement With International Truck and Engine Corporation (International®)
CONCORD, Ontario--(BUSINESS WIRE)--Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW) announced today that its wholly owned subsidiary, ESW Canada Inc. (ESWC), has signed an Emissions Control & Technologies Provider and Cooperation agreement with International Truck and Engine Corporation (International), the operating company of Navistar International Corporation (NYSE:NAV) located in Warrenville, Ill.
ESWC, working with the International’s “Green Diesel Technology” retrofit group is currently in the process of verifying ESWC’s Clean Cat™ Level I High Performance Diesel Oxidation Catalyst (HP-DOC) and the Company’s new Therma Cat™ Active Level III catalytic converter technologies. These products will be verified by the Environmental Protection Agency (EPA) and California Air Resources Board (CARB). The new International branded diesel catalytic converters will be marketed by the "Green Diesel Technology” division and sold and installed by International’s global dealer network.
The new catalyst technologies, designed for International’s bus and truck applications will also be marketed for retrofit installations on other Original Equipment Manufacturers (OEM) vehicles as part of their retrofit and service parts product portfolio. The successful completion of these verification programs will mark the first time in International’s history that the company will take a “Green Diesel Technology” branded retrofit catalytic converter technologies to the market.
Mr. David J. Johnson, ESW's President and CEO commented, "International will be a tremendous addition to our Company’s growing base of OEM customers and is another example of our desire to build strong partnerships in the diesel engine and vehicle manufacturing sector of the industry. This agreement is the next critical step in ESW’s continuing efforts to grow in the on-road emissions controls market and we believe marks a major event in our Company’s history. International, North America’s biggest diesel engine, truck and bus manufacturer, will provide our group with the largest demographic for retrofit, as well as first fit opportunities for our emissions reduction technologies. The agreement with International extends ESWC's product distribution and provides a single source for specific technologies and services. It truly is a win-win relationship."
About International Truck and Engine Corporation
International Truck and Engine Corporation is the operating company of Navistar International Corporation (NYSE:NAV). The company produces International® brand commercial trucks, mid-range diesel engines and IC brand school buses, Workhorse brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. A wholly owned subsidiary offers financing services. Additional information is available at: www.internationaldelivers.com.
About Environmental Solutions Worldwide Inc.
With headquarters in Concord, Ontario, Environmental Solutions Worldwide, Inc. is a publicly traded company engaged through its subsidiaries ESW Canada, Inc. and ESW America, Inc. in the design, development, ISO 9001:2000 certified manufacturing and sales of environmental technologies. ESW currently manufactures and markets a line of catalytic emission control conversion products and catalytic support technologies for diesel, gasoline and alternative fueled engines for a multitude of applications.
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.
Contacts
Environmental Solutions Worldwide, Inc.
Investor Relations, 1-905-695-4142
Investors-relations@cleanerfuture.com
Diesel Progress Article
Very interesting!
http://www.cleanerfuture.com/DPNA467_LR-ESW(ATSSept2007).pdf
GWMAN, you've got mail :)
MRAP Revisted
Thanks to Corky on another board, it would seem conceivable that being part of the MRAP chain could produce up to $5 Million in revenue per month just in its relationship with Internatinal alone.
Here is what we know:
1. Active Reationship with International:
A)ESW has an MOU with International to develop green diesel emission control devices.
B) ESW has an existing contract with International to proivde TempMax.
C) ESW's first contract ($2.8 Million) with the Marines was through the relationship with International.
2. International produces MRAPs for DOD
A) International currently producing over 100 MRAPs per month and should be producing 500 per month by December.
3. ESW product/abilites has several benefits for DOD over competitors.
A) Steel mesh very durable
B) Products reduce visible emissions, noxious emissions, reduces risk from heat and IR seeking weapons and reduces personnel injury due to burns.
Senate-Passed 2008 Defense Authorization Act Language
Subtitle C-Other Matters
SEC. 931. DEPARTMENT OF DEFENSE CONSIDERATION OF EFFECT OF CLIMATE CHANGE ON DEPARTMENT FACILITIES, CAPABILITIES, AND MISSIONS.
Section 118 of title 10, United States Code, is amended by adding at the end the following new sub-section:
CONSIDERATION OF EFFECT OF CLIMATE CHANGE ON DEPARTMENT FACILITIES, CAPABILITIES, AND MISSIONS.
The first national security strategy and national defense strategy prepared after the date of the enactment of this subsection shall include guidance for military planners-
(A) to assess the risks of projected climate change to current and future missions of the armed forces;
(B) to update defense plans based on these assessments, including working with allies and partners to incorporate climate mitigation strategies, capacity building, and relevant research and development; and
(C) to develop the capabilities needed to reduce future impacts.
'The first quadrennial defense review prepared after the date of the enactment of this subsection shall also examine the capabilities of the armed forces to respond to the consequences of climate change, in particular, preparedness for natural disasters from extreme weather events and other missions the armed forces may be asked to support inside the United States and overseas. '
For planning purposes to comply with the requirements of this subsection, the Secretary of Defense shall use-
(A) the mid-range projections of the fourth assessment report of the Intergovernmental Panel on Climate Change;
(B) subsequent mid-range consensus climate projections if more recent information is available when the next national security strategy, national defense strategy, or quadrennial defense review, as the case may be, is conducted; and
(C) findings of appropriate and available estimations or studies of the anticipated strategic, social, political, and economic effects of global climate change and the implications of such effects on the national security of the United States.
The Secretary shall ensure that this subsection is implemented in a manner that does not have a negative impact on national security.
In this subsection, the term 'national security strategy' means the annual national security strategy report of the President under section 108 of the National Security Act of 1947 (50 U.S.C. 404a).
MRAP Opportunity
Consider the news release today from FRPT.
http://biz.yahoo.com/bw/071002/20071002005822.html?.v=1
"Force Dynamics produced more than 115 Mine Resistant Ambush Protected (MRAP) Category I and Category II Cougar vehicles in the past month, exceeding delivery objectives and MRAP contract requirements. To date, Force Dynamics is ahead of schedule on its Category I and Category II MRAP competitive contracts for the year."
Using the approximate 10k cost per complete unit designed for the LAVs, ESWW would generate $1,150,000 per month of revenue if they were able to get involved with the MRAP production line. This equates to $13,800,000 annually.
And it is worth noting that FRPT certainly is not the only compnay producing MRAPs for the U.S. Military.
Show me an ESWW news release with MRAP in it, and we become serious happy campers
This one is defintely competition
Project N-019
Development and Demonstration of NOxTech's Ceramic Catalyst NOx Reduction System
Sub-Contractors: Analytical Engineering, Inc.
Emission standards in the US will require reduction of diesel emissions for transportation vehicles (light and heavy-duty diesel powered trucks and buses) agricultural equipment and construction equipment by as much as 90% from current level in the 2005-2012 time frame. It will be very difficult for industry to achieve these levels with minimal impact on drivability while maintaining acceptable first fit cost and durability.
NOx reduction approaches presently being developed present many problems and difficulties. Catalyst poisoning, high costs, thermal cycling, parasitic losses and supplying a practical reductant make the performance and life of NOx adsorbers and lean NOx catalysts problematic. SCR systems require an external fluid to be commercially distributed and carried on commercial vehicles, have significant enforcement issues, and operate inefficiently at low temperatures. Combustion control technologies such as EGR, high injection pressures, variable geometry turbine for air handing and other similar mechanisms used to control NOx emissions from diesel engines add complexity, cost and reduce reliability and efficiency.
Analytical Engineering, Inc. (AEI) and NOxTech, Inc. are jointly developing and demonstrating a tailored reductant and ceramic NOx catalyst (TRCNC) system as a promising alternative for exhaust aftertreatment of NOx from diesel exhaust. The TRCNC offers high sulfur tolerance, a wide range of adjustable operating temperatures, and perhaps most importantly the catalysts employ minimal to no precious metals in the entire system. At the same time it significantly reduces parasitic losses (improves fuel efficiency) and reduces emission control system complexity at much lower costs than other systems being investigated. The TRCNC system can be tailored for maximum efficiency at specific operating temperatures bands while maintaining efficient reduction outside those pre-selected ranges.
The objectives of our program are to demonstrate the NOxTech ceramic catalyst system on a 300 hp high speed diesel engine and achieve a 90% NOx reduction over a 100°C specified range with an overall average reduction of 80% over an exhaust temperature range of 150° - 600°C. This effort will focus on tailoring a system for peak efficiency over a lower temperature range of 175°C to 275°C while maintaining efficient reduction during temperature excursions. The demonstrated results for this technology are already impressive.
Demonstrated 92% NOx reduction on diesel exhaust slip stream at 30,000 hr-1, 2% parasitic loss and with 500 ppm SOx (commercial diesel fuel) in the exhaust stream.
Demonstrated 65% NOx reduction over the FTP transient cycle on the full exhaust flow from 165 hp diesel engine with 500 ppm SOx.
Another Approved Texas Project
I wonder if it is at all possible if ESWW is involved in this one. More likely that this is competition, but I say that because I do not like to get my hopes up
Project N-021
Demonstration: 50% NOx Reduction Kit for Marine Diesel Engines
Sub-Contractors:
Advanced Global Engineering
MIRATECH Corporation
This proposal presents an innovative solution that represents a cooperative combination of two complementary emission reduction technologies that provides a 50% NOx reduction as well as similar significant reductions in PM, THC and CO emissions levels.
The US Inland and Coastal Waterway marine vessel operations that currently employ large medium speed diesel engines such as those manufactured by the Electro-Motive Diesels, (formerly the Electro-Motive Division of General Motors), and General Electric Transportation Systems, may have the unique opportunity to lower exhaust emissions by combining two technologies currently being developed for other applications that employ similar engines. These large medium speed diesel engines are also found in locomotives and stationary power generator sets for which various levels of emission reduction technologies have been developed to comply with the Federal standards. These regulations are responsible for spawning new and innovative ideas and products that offer alternative solutions to the OEM package.
The thrust of this proposal would be to incorporate two technologies into one emission reduction system, apply that system to a representative test engine and determine the feasibility of achieving the expected emission reductions for all major gaseous constituents. Prior test data is offered that demonstrates each product’s ability to achieve significant emission reductions.
Both technologies have the unique quality of being 100% retrofittable with current engine components. After the existing parts are removed, there are no special tools, adaptors or support structures and associated training required to apply both concepts to the existing engine. This advantage makes them both readily commercialized as a certifiable emissions reduction system that is easy to install and maintain.
Texas Grant Description
Found this on the Texas web site and had not seen it before. I find it interesting that the focus is on NOx, as I do not remember seeing ESWW specifically pursue or highlight NOx. Other things I have read on other ESWW products usually highlighted other reductions and noted that it did not increase NOx reductions.
Sounds like this work will take a year or two, but no way to be sure.
Anytime they can market to reducing greenhouse gases certainly will bode well for the ESWW future.
Project N-023
Development of Environmental Solutions Worldwide XTRM Cat™ to Reduce Diesel NOx Emissions from Marine Engines
Sub-Contractors: ESW America, Inc.
ESW is proposing to further develop our XTRM Cat™ after treatment device for marine engines to exceed Tier 1, and provide near Tier 2 NOx emission requirements for marine diesel engines. This technology has undergone significant engineering design and testing to date to achieve approximately 30 percent NOx emission reductions as compared to the Tier 0 standard.
Further engineering and refinement for durability and emission reduction optimization is required towards meeting the long term goal of obtaining EPA certification as a NOx emission reduction control device. Certification will provide incentive to manufacturers, parts suppliers and operators to incorporate this technology as a means of achieving significant NOx emission reductions. In addition, the technology offers the benefit of being able to use existing pre-Tier 0 injectors without engine modifications (e.g., timing). Over a five-year life, it is anticipated that the capital cost will be approximately equal to that of a Tier 0 rebuild kit, providing the operator with a cleaner than required engine and fuel savings for no additional cost, maximizing cost-effectiveness. The system is also backwards compatible with Tier 0 rebuild kits so that if ever necessary, the engine could be returned to Tier 0 compliance.
Check your e-mail Fly!
Year-over-year already rocks! :):):):) Is $3 million (or more) in revs an unreasonable expectation? We'll see ...
On a different note, I've always known intuitively that this is the case, but this is the first time I've seen it quantified:
"An investor who sells a stock with a short-term gain (a stock held less than 366 days) must find a new stock that outperforms the sold stock by 21.2% just to offset the taxes. In contrast, selling a stock with a long-term gain requires that a replacement stock outperform by only 8.1%."
http://www.fool.com/investing/general/2007/09/25/dont-sell-without-reading-this-first.aspx
Good to remember!
Damn Fly, that ain't fair if you are right.
Year over year still rocks if they do $2-2.5 Million in Q3.
Expecting them to keep 3 Million is a bit of a stretch,IMO. Their contracts are too lump sum/ebb&flow, like a lawyer's income.
I would argue with the Street that Q4 is what is important. Currently will only have 200K of revenue or less in Q4 if we do not get another contract done. This s why the next contract is so important, as it stablizes Q to Q revenue and initiates 2008 revenue.
I think you're right about the margin's ESW is striving for, but I think "the market" will be looking to see if revenues are at least in the $3 million range again with net profit again of 650K or higher.
Q3 Prift Margin
It will be interesting to see what the ESWW profit margin is for the current quarter that ends this weekend.
The way I see it, ESWW will post close to $2.5 Million in revenue. Barring production of a new product that we do not know about, almost all of this revenue should come from the prodeuction of two products they have been building for 2 or more quarters, the TempMax and the IR-Shield. Therefore, the net profit percentage should be close to what they generated in Q2, somewhere around 20%. Net profit should be 400-500k, not including as stock-related expenses. (As far as revenue, I am asssuming the 250k grant is provided over time and, in turn, negligible.)
Of course, net profit could also be hit by increaed project development from Q2 to Q3 but, if the company is focusing on profit margins as suggested in the shareholder letter, one would think they would have controlled these exepnses.
More reason to believe something coming soon:
We have only had news in 4 months this year. The lowest number of months with news in a given year over the last 5 years is 5. Given that September is basically over, this leaves means we will get news in the next 3 months. If all we get is the 3rd quarter PR in November this will tie us with the lowest frequency of news over 6 full years.
The next lowest number of months with news in a year was 7, which happened twice. Two other years had 8 and 9 months with news.
Given all the irons in the fire, it would sem likely that we should expect 6 or 7 months with news within this current year. If we stick with the average of 7, it is quite possible we will get news in October, November and December. Considering how quiet the summer has been, considering how the last news I consider significant was from March, and considering the new web site and last letter to shareholders, I think October starts a series of news releases that adds 30-60% before the new year.
Is it possible that ESWW is running into strong headwinds and that the progress we are looking for will be delayed until 2008? Sure. But I think all the available evidence suggests otherwise.
When the news comes
If there is anyone here planning on taking some profit on the pop, think carefully.
Given the long time lapse since any real news (other than quarterly report PRs), it seems quite possible we will get a few PRs in a row over a few days. ESWW has done this before.
How about this:
1. ESWW update on existing developmental/demostration project.
2. New product completion in conjuction with International
3. New $5-10 Million contract for military product, with US Army this time.
That would be a nice mix and is not too greedy, don't ya think?))
WATCH THIS:$)
http://www.cnbc.com/id/15840232?video=530917805
Navistar may look like a risky stock, but Cramer said it could be a real moneymaker.
The truck-engine maker trades on the pink sheets, but only because it was removed from the New York Stock Exchange until it restates some old financial statements. Those reports are expected to start Oct. 25, which means Navistar NAVZ.PK
Unavailable %
Quote | Chart | News | Profile | Add to Watchlist
[NAVZ.PK Unavailable (%) ] should be back on the Big Board soon enough. Cramer said the guys from CRT Capital Group gave him the idea for this segment and, more importantly, the confidence that these regulatory issues will soon be solved. So the stock isn’t as risky as some might think.
Part of the Navistar’s business is the making of mine-resistant MRAP vehicles. If the Department of Defense gets its budget approved tomorrow, the U.S. MRAP fleet could jump from 2,000 to 14,000. That’s a great catalyst for the company with 44% of the orders.
But Navistar’s main business is truck engines, and it controls about a third of that market. The company trades at a discount compared to competitors Cummins Cummins IncCMI
133.85 5.08 +3.95%
Quote | Chart | News | Profile | Add to Watchlist
[CMI 133.85 5.08 (+3.95%) ] and Paccar Paccar IncPCAR
85.55 -2.41 -2.74%
Quote | Chart | News | Profile | Add to Watchlist
[PCAR 85.55 -2.41 (-2.74%) ]; 12.1 times next year’s numbers versus 15.1 and 14.8, respectively. According to Cramer, that 12 multiple is a bit low. He said 14 is probably a more appropriate number, which would add 10 points to the stock.
http://www.cnbc.com/id/20972502
Here is the most extensive list of armored vehicles I have found. While ESWW products may not be needed for all these, certainly it is a nice list from which ESWW can seek out business
I took the time to number each one for easier review. 38 different leads
The web lin by the way has hot button links to more information on many, if not all, of these.
http://www.army-technology.com/projects/#Armoured_Fighting_Vehicles
1. ACV-S Tracked Armoured Combat Vehicle (Stretched), Turkey
2. Al Fahd Wheeled Armoured Reconnaissance/Personnel Carrier, Saudi Arabia
3. AMX 10RC Wheeled Armoured Reconnaisance Vehicle, France
4. ASCOD (Pizarro / Ulan) Tracked Armoured Fighting Vehicles, Spain
5. BMP-3 Tracked Infantry Combat Vehicle, Russia
6. Boxer MRAV Wheeled Multi-Role Armoured Vehicle, Europe
7. Bradley M2 / M3 Tracked Armoured Fighting Vehicles, USA
8. BTR-80 Wheeled Armoured Personnel Carriers, Russia
9. Bushmaster Infantry Mobility Vehicle, Australia
10. Bv206S Armoured, Articulated All-Terrain Vehicle, Sweden
11. Centauro Wheeled Tank Destroyer, Italy
12. Cobra Wheeled Light Armoured Vehicle, Turkey
13. CV90 Tracked Armoured Combat Vehicles, Sweden
14. Dardo Hitfist Tracked Infantry Fighting Vehicle, Italy
15. Eagle II / Eagle III Armoured Reconnaissance Vehicle, Switzerland
16. Fennek Wheeled Armed Reconnaissance Vehicle, Germany
17. Fuchs 2 Armoured Wheeled Vehicle, Germany
18. Gepard Tracked Anti-Aircraft Tank Upgrade, Germany
19. GVP Colonel 8 x 8 x 8 Armoured Personnel Carrier, USA
20. Pandur Wheeled Armoured Vehicle, Austria
21. Pandur II 6x6 and 8x8 Light Armoured Vehicles, Austria
22. Panther Command and Liaison Vehicle (CLV) Light Armoured 4x4, United Kingdom
23. Patria AMV (Armoured Modular Vehicle) 8x8 Wheeled Vehicle, Finland
24. Piranha III / LAV III Wheeled Armoured Vehicles, Switzerland
25. Puma Wheeled Armoured Fighting Vehicles, Italy
26. Puma Tracked Infantry Fighting Vehicle, Germany
27. Rooikat 105 Wheeled Armoured Fighting Vehicles, South Africa
28. SEP Modular Armoured Tactical System Wheeled and Tracked Vehicles, Sweden
29. Shadow RST-V Reconnaissance Surveillance Targeting Vehicle, USA
30. Stormer 30 Tracked Armoured Reconnaisance Vehicle / Light Tank, United Kingdom
31. Stryker 8-Wheel Drive Armoured Combat Vehicles, USA
32. VAB (Vehicule de l'Avant Blinde) Wheeled Armoured Fighting Vehicle, France
33. Valuk Light Armoured Vehicle, Slovenia
34. VBCI Wheeled Infantry Fighting Vehicle, France
35. Vextra 105 Wheeled Reconnaissance Vehicle, France
36. Viking (BvS10) Amphibious Armoured All-Terrain Vehicle, United Kingdom
37. Warrior Tracked Armoured Vehicles, United Kingdom
38. XA-200 Wheeled Armoured Vehicles, Finland
Company Contact
I do not know what can be read into it, but find it kind of peculiar that there are several direct e-mails for ESWW personnel on the military web site, including one for David Johnson. This is very different that the general company web site where one can only find a generic investor relations e-mail address.
Maybe the company has learned that availability of your key prsonnel are important?
Maybe the military contract potential is huge and could end up being the main source of income for the company for years to come?
Maybe it is as simple as ESWW having a new and better web site designer for the military site?
I do not know the answer, but I do find it interesting.
2008 Revenue
Based on experience with other stock, or from respective careers or just plain just estimates, does anyone have an opinion as to what is a reasonable home for revenue for 2008??
In my mind, I consider 3 basic observations in my guess:
1. ESWW trippled revenue from last year to this year,
2. It is a bit easier to do larger multiples when your revenue is lower, so expecting another triple may be reaching (if one wants to be conservative)
3. The last contract was $7.4 Million and its reception seems to asuggest executing another contract of that size in that market is feasible.
So, I am thinking a doubling of revenue from this year to next year is a reasonablle and fairly conservative hope. This would give us revenue of $18 Million. Given the type of gross and net revemue potential shown this year, I would think they might be able to squeeze out $6-$7 Million in net profit.
Any opinions on these gut guesses on my part?
Not many shares available.
I have had two ordrs in today for 0.69 and 0.71. Only got a partial fill thus far on one of them. Still got the afternoon
to try and get'em))
Doesn't mean one cannot dream!!
I hope we get another WallSt.net interview soon. I like those!!
GWMAN:o)if you are talking about a board where management enter acts with us small investor's, forget it, it won't happen! Illegal, called insider information transfer.
These few posts made me think of an observation I had in the Spring. Maybe I just missed it, but from my memory it was only after the $7.4 Million dollar contract did I see a reference by the company to the sales goal of $9 Million.
At the end of Q1, if you throw in the 2007 portion of the 2006 $1.22 Million contract and another 6-800K of sales from Q1 that I could could see in the numbers (but was not specifically identified in the 10Q), you get the $9 Million in sales that was supposedly the target laid out at the beginning of the year.
So, the analytical side of me questioned whether this was a 2007 goal as of Juanary 1 or whether this was a cute little PR spin because that was what the booked sales were by March. It does not really matter too much, but it is getting those sales targets at the beginning of the year is just one concrete example of how such a board would be very beneficial)
I wonder how much management could convey on a forum like this even if we could circumvent Reg FD through nondisclosure agreements etc.? I presume their potential customers' nondisclosure agreements would preclude giving out much in the way of material information. Still, I agree it would be nice to have a general discussion about management strategy, what the business plan is, and whether the benchmarks are being met, that sort of thing. But even in the shareholders meeting management holds their cards pretty close to their chests.
It is so nice when it occurs you want or need something and you come to find out you already have it))
gwman:o)we already have a board of this type:o)
My Wish
I know there are not enough honest people in the world to do it, but it would be so cool if there were closed discussion boards where people from the company could post and talk about conceptual ideas relating to te company and general progress. For us public shareholders, we would have to sign a confidentiality agreement and agree not to buy or sell additional stock for a given time window in order to participate in the closed board.
I know I would personally honor such agreements because I am an honest guy. And why would I make such agreements??? Because my curiosity and anticipation is killing me))
Just incase you guys have not seen this yet. October 15th Regulation Sho update.
corky:o)
http://www.sec.gov/rules/final/2007/34-56212.pdf
By the way, I just wanted to remind or ask people to be vigilant when it comes to product development around the industry. I send ESW any new stuff I come across, however tangentially related it may seem to be (from new materials to new ideas for combining them to new catalytic designs ... whatever). ESW's product may seem like the next sliced-bread for the moment, but that could change in a heartbeat if the company winds up getting its R&D sidetracked or bogged down in areas the industry may sooner or later move away from.
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Welcome to the revived IHUB Board for Environmental Solutions Worldwide (ESWW). 2009 is going to be an exciting year.
Company Website:
http://www.cleanerfuture.com/ ....
Latest Quarterly Update Letter to Shareholders
http://www.cleanerfuture.com/investorrelations.htm
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
http://www.cleanerfuture.com/DPNA467_LR-ESW(ATSSept2007).pdf
May 5, 2009 article in local Georgia newspaper, where the first ThermaCat installations in the U.S. were done last fall
http://www.times-herald.com/local/Therma-Cat-test-could-clean-the-air-735458
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.
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