Environmental Solutions Worldwide, Inc. Signs Emissions Control & Technologies Provider Agreement With International Truck and Engine Corporation (International®)
CONCORD, Ontario--Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW) announced today that its wholly owned subsidiary, ESW Canada Inc. (ESWC), has signed an Emissions Control & Technologies Provider and Cooperation agreement with International Truck and Engine Corporation (International), the operating company of Navistar International Corporation located in Warrenville, Ill.
ESWC, working with the International’s “Green Diesel Technology” retrofit group is currently in the process of verifying ESWC’s Clean Cat™ Level I High Performance Diesel Oxidation Catalyst (HP-DOC) and the Company’s new Therma Cat™ Active Level III catalytic converter technologies. These products will be verified by the Environmental Protection Agency (EPA) and California Air Resources Board (CARB). The new International branded diesel catalytic converters will be marketed by the "Green Diesel Technology” division and sold and installed by International’s global dealer network.
The new catalyst technologies, designed for International’s bus and truck applications will also be marketed for retrofit installations on other Original Equipment Manufacturers (OEM) vehicles as part of their retrofit and service parts product portfolio. The successful completion of these verification programs will mark the first time in International’s history that the company will take a “Green Diesel Technology” branded retrofit catalytic converter technologies to the market.
Mr. David J. Johnson, ESW's President and CEO commented, "International will be a tremendous addition to our Company’s growing base of OEM customers and is another example of our desire to build strong partnerships in the diesel engine and vehicle manufacturing sector of the industry. This agreement is the next critical step in ESW’s continuing efforts to grow in the on-road emissions controls market and we believe marks a major event in our Company’s history. International, North America’s biggest diesel engine, truck and bus manufacturer, will provide our group with the largest demographic for retrofit, as well as first fit opportunities for our emissions reduction technologies. The agreement with International extends ESWC's product distribution and provides a single source for specific technologies and services. It truly is a win-win relationship."
About International Truck and Engine Corporation
International Truck and Engine Corporation is the operating company of Navistar International Corporation . The company produces International® brand commercial trucks, mid-range diesel engines and IC brand school buses, Workhorse brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. A wholly owned subsidiary offers financing services. Additional information is available at: www.internationaldelivers.com.
About Environmental Solutions Worldwide Inc.
With headquarters in Concord, Ontario, Environmental Solutions Worldwide, Inc. is a publicly traded company engaged through its subsidiaries ESW Canada, Inc. and ESW America, Inc. in the design, development, ISO 9001:2000 certified manufacturing and sales of environmental technologies. ESW currently manufactures and markets a line of catalytic emission control conversion products and catalytic support technologies for diesel, gasoline and alternative fueled engines for a multitude of applications.
For updated information, please visit the Company’s Web site at: www.cleanerfuture.com
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.