NUCON-RF Receives $1 Million Order for Power Quality Equipment in Republic of Tatarstan
Wednesday September 27, 12:10 pm ET
MOSCOW, Sept. 27, 2006 (PRIMEZONE) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today received an order, worth approximately $1 million, to supply power quality protection equipment in the Republic of Tatarstan.
The order, issued by Nucon's Tatarstan-based marketing partner, Stroikomplektinvest, includes power quality protection units to be installed for Beta trials in selected public facilities in Kazan, the Republic's capital city, and in other Tatarstan cities. The units are intended to suppress power surges and filter out high frequency noise over electrical lines, thereby helping prevent flash fires and other damage to extremely expensive electronic equipment located within these facilities.
Following the Beta trials, said Nucon, customers may determine how many additional units are necessary to protect specific facilities, and will have the option of submitting subsequent orders for these units to Nucon. These orders are expected to be received during the fourth quarter, said the company.
The units, manufactured by Nevada-based Environmental Potentials, will be installed by Stroikomplektinvest.
Today's order stems from Nucon's receipt, on September 15, of an exclusive mandate from the Republic of Tatarstan, Ministry of Construction & Architecture to commence sales of power quality protection equipment in newly constructed buildings within the Republic of Tatarstan. That announcement included an order, from the Ministry to Nucon, to supply as many as 50,000 power quality protection units over the next five years in Solnechny, or Sun City, a new government office/industrial complex in Tatarstan.
NUCON-RF, a U.S. corporation with executive and operations offices in Moscow and Berlin, provides product, technological and engineering solutions for a wide range of environmental, wastewater, power quality and radioactive waste challenges. These solutions address compliance, shielding, transport and storage requirements, plant equipment protection, energy efficiency and remediation techniques for diverse radioactive and toxic wastes. The company possesses extensive in-house expertise in all aspects of radiological protection and radiological waste management.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
Contact:
Hanover Capital Corporation
Jim Hock
(818) 610-2028
Eisenberg Communications
Rick Eisenberg
(212) 496-6828
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Source: NUCON-RF, Inc.