First DynaPower Metal Cleaning Sales Into Two Markets
23 February 1999
DynaMotive Announces First DynaPower Metal Cleaning Sales Into the California and South American MarketsVANCOUVER, British Columbia, Feb. 23 -- DynaMotive Technologies Corporation announced today that it has received two orders for its DynaPower acid free, ultrasonic wire cleaning system from Conex Cable, Inc. in Dublin, California, and from Suralform, Inc., a wholly owned subsidiary of Sural C.A. in Venezuela. Details of the sales announced today include: -- Conex Cable, Inc. is a wholly owned subsidiary of Hitachi. The DynaPower system will be used to clean high value specialty wire. -- Suralform, Inc. has ordered a high speed DynaPower system for cleaning aluminum-clad steel (AS) wire manufactured in Venezuela using the "ConClad" process which produces an aluminum clad layer on top of the high carbon steel core. The system ordered by Suralform, Inc. is similar to that recently sold to Intral in Princeville, Quebec. AS wire is used by electric utilities in high voltage transmission towers to carry fibre optic cables for high speed Internet, telephone and cable transmissions. Commenting on the sales, DynaPower Vice President and GM David Miller said, "These sales represent a significant breakthrough for our technology into new markets and the achievement of key milestones in our growth strategy. "The sale to Conex Cable, Inc. is a beachhead into a large and quickly expanding California market where our technology is very competitive with heavily regulated acid and chemical metal cleaning systems. The sale to Suralform, Inc. is also significant. It is our first order from South America which has a large wire industry that is becoming increasingly aware of the need for an environmentally friendly industrial cleaning process." Both companies require exceptional levels of cleanliness and the elimination of acids and caustics in the cleaning process, qualities only the DynaPower system can provide. "Our objective in the DynaPower Business Unit is to target high value niche markets within the wire industry," Miller added. "This will position us to capture increased market share in the industrial metal cleaning industry, not only in Canada and the US, but also in Europe, Latin America and Asia." DynaMotive Technologies Corporation develops and commercializes technologies that improve industrial efficiency and solve major environmental problems. The DynaPower Business Unit markets its patented ultrasonic and electrolytic cleaning systems to the wire manufacturing industry to remove lubricants and oxides and provide a metal surface that is clean, dry, pH neutral and adaptable for various industry applications. The cost effective technology produces exceptional surface cleanliness at high speeds while totally eliminating the use of acids, caustics and solvents traditionally used by the industry. Commercial systems have now been sold in seven countries in North and South America, Europe and Asia. DynaPower and DynaSonics are registered trademarks. The Company's BioOil Business Unit is commercializing a unique, waste-to-energy technology that converts low value forest and agricultural waste into liquid BioOil. This clean burning liquid fuel can be used as a substitute for fossil fuels to generate "green" power. The initial focus will be to package BioOil production technology with gas turbines and stationary diesels in the under-20MW (megawatt) power market. Forward-Looking Statement Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission.