MPML - AirPol Receives Major Orders May 1, 2007 10:00:00 AM Copyright Business Wire 2007 PARSIPPANY, N.J.--(BUSINESS WIRE)--
MPM Technologies, Inc. (OTCBB:MPML) announced today that its wholly owned subsidiary AirPol, Inc., has recently received two major orders for air pollution control equipment and systems.
The first order was from a major industrial company in the Southwest for a new air pollution control system. The AirPol contract, valued over $1 million, is for the design, supply, installation and startup of a Wet Electrostatic Precipitator system to clean the exhaust from a textile manufacturing process.
The second order, value at $.7 million, was from a repeat customer in the South, for a wet scrubber system to be used for a thermo soil remediation project in Australia.
Michael J. Luciano, Chairman and CEO of MPM, stated: "AirPol's capability in executing major projects was again recognized with the award of these important orders. The selection of AirPol for these projects not only reaffirmed AirPol's position in the marketplace but also proved the superiority of our Wet Electrostatic Precipitator and Wet Scrubber Systems over those of our competitors."
MPM Technologies, Inc. is a holding company with three subsidiaries; AirPol, Inc., which design, build, install and service industrial air pollution control systems, Nupower, Inc. which is engaged in the development and marketing of Skygas, a patented waste-to-fuel technology, and MPM Mining Inc. a development and exploration company with gold an silver properties in Montana.
Further information about MPM Technologies, Inc. may be obtained on the Internet at http://www.mpmtech.com.
Statement Under the Private Securities Litigation Reform Act.
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company.
Source: MPM Technologies, Inc.
---------------------------------------------- MPM Technologies Inc. Robert D. Little 509-326-3443 Fax: 509-326-3228 blittle@mpmtech.com
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