KleenAir Systems and Emission Reduction Specialists Team Up to Create Mobile Emission Credits
IRVINE, Calif.--Sept. 19, 2002--KleenAir Systems Inc.(OTCBB:KAIR) today announced that it is forming a joint venture with Emission Reduction Specialists, LLC (ERS), and an affiliate of Emission Credit Brokers. The two companies will join forces to market and sell those KleenAir products, which feature the ability to create emission credits.KleenAir's flagship product is the patented ammonia based SCR/SNCR NOxMaster(R) System. In tests, NOxMaster(R) has proven to produce an 80 percent reduction of NOx (Nitrogen Oxide) and reduce PM (particulate matter) by 25 percent in mobile sources. The NOxMaster(R) is currently being tested for its ability to reduce NOx and PM in stationary diesel generators up to two megawatts.
Lionel Simons, KleenAir and Daniel Sloan, ERS, will manage the joint venture. ERS will be responsible for sales, marketing and management of emission-reducing credit projects, while KleenAir will be in charge of the technical implementation of the NOxMaster(R) System.
KleenAir Systems (KleenAir) is a Nasdaq OTCBB company trading under the symbol "KAIR" and is located in Irvine. KleenAir is dedicated to the development, testing, and commercialization of products designed to help eliminate smog and air pollution in the environment. KleenAir is targeting, at the onset of marketing the NOxMaster(R) System, the diesel retrofit (aftermarket parts) marketplace. The device is designed to be added to the exhaust system of any existing mobile or stationary source up to Two Megawatts of power.
Emission Reduction Specialists, an affiliate of Emission Credit Brokers, is a leader in implementing cutting edge mobile-source technologies that create emission credits. The company has extensive experience developing emission credit creation projects from start to finish and has secured funding for developing projects that create mobile emission credits.
With headquarters in Houston, Emission Credit Brokers is a full service environmental brokerage firm that offers many value-added services like planning and budgeting for new facilities, and risk management strategies.
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The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.