ESW's Clean Cat Diesel Catalytic Converter Achieves OEM Status in the PhilippinesTELFORD, Pa.--May 23, 2002--Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW), is pleased to announce today that ESW was successful in achieving OEM status for the Clean Cat(R) diesel catalytic converter as the standard Original Equipment Manufacturer (OEM) emissions control device for the "Engine Replacement Program" of the Natural Resources and Development Corp. in the Philippines.
The Natural Resources and Development Corp. is the corporate arm of the Department of Environment and Natural Resources, the Philippine government's environmental agency.
Through approximately 18 months of comprehensive testing and evaluation by a third party, ESW's Clean Cat diesel catalytic converter consistently demonstrated its ability to reduce harmful diesel engine emissions including hydrocarbon (HC), carbon monoxide (CO) and carbon particulate matter (PM-10).
The Philippine Engine Replacement Program has been formally launched and is scheduled to commence immediately. It will encompass all currently registered vehicles that are qualified for participation. ESW's Clean Cat diesel catalytic converter is now qualified to be installed as the OEM emissions reduction component with all engine replacements.(a)
The performance of the Clean Cat converter was documented utilizing over-the-road driving conditions by testing various types of diesel engine-powered vehicles using diesel fuel with very high sulphur content (2,000-parts per million or PPM). The current diesel pump fuel used in North America by comparison only contains on average of approximately 350-PPM sulphur.
The company's unique proprietary substrate technology clearly demonstrated its advantages over the long-term use of conventional, honeycomb, flow-through ceramic diesel oxidation substrates under these conditions.
"We are pleased to see the acceptance of our Clean Cat diesel catalytic converter in the Philippines after such a long and thorough testing process by a third party," said Bengt Odner, chairman of ESW.
"The benefit to ESW is that we have already received a request for a pro-forma invoice to provide our product to this program. This is just one of many test and evaluation programs we are currently involved with in several countries. It is very exciting to see our proprietary diesel catalytic products performing so well while being tested side-by-side with conventional ceramic-based diesel catalytic products."
About Environmental Solutions Worldwide Inc.
With headquarters in Telford, Environmental Solutions Worldwide is a publicly traded research and development company engaged in the design, development, manufacture and sale of environmental technologies currently focused on the international automotive and transportation industries. ESW manufactures and markets a line of catalytic emission control products and catalytic conversion technologies for a multitude of applications.
About the RA 8749 Philippine Clean Air Act of 1999
To learn more information about the program, visit: www.hangin.org/home/index.html.
For updated information, visit the company's Web site at: www.cleanerfuture.com.
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.
(a) Relying on the Philippine government to implement the program.