Environmental Solutions Worldwide Inc. Appointed Exclusive North America Distributor for NOTOX Silicon Carbide Diesel Particulate Filters
BusinessWire - November 27, 2007 9:30 AM ET
Related Quotes
Symbol Last Chg
ESWW Trade 0.60 0.00
Quotes delayed at least 15 minutes
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
