DynaMotive Announces First Dynapower Sale to Italy
10 March 1999
DynaMotive Announces First Dynapower Sale to Italy -- A Key Entry Point Into the European Metal Cleaning MarketVANCOUVER, B.C., March 10 -- DynaMotive Technologies Corporation announced today that it has received its first Italian order for the Company's DynaPower acid free wire cleaning system from De Angeli Prodotti S.p.A. Based in northern Italy, De Angeli is Italy's leading manufacturer of aluminum wire. The sale was negotiated through an Italian agent and represents the Company's first entry into the European market for DynaMotive's environmentally friendly, metal cleaning technology. De Angeli Prodotti S.p.A. has ordered a high speed DynaPower system for cleaning aluminum-clad steel (AS) wire, the third customer for this high value, wire cleaning application. AS ground wire is used by electric utilities in high voltage transmission towers to carry fiber optic cables for high speed Internet, telephone and cable transmissions. Commenting on the sale, DynaPower Vice President and General Manager David Miller said, "Our first DynaPower sale to one of Italy's leading industrial manufacturers represents a milestone in our international development strategy. "European, and particularly Italian, metal and wire manufacturers run innovative, technologically sophisticated operations that focus on the production of high end wire products. European metal and wire producers operate under much more stringent regulations than in other parts of the world covering the use and disposal of harmful acids, caustics and solvents traditionally used in the industry. Our DynaPower metal cleaning systems are not only highly competitive with heavily regulated chemical metal cleaning systems, but provide exceptional levels of cleanliness at lower operating costs while eliminating acids, caustics and solvents in the cleaning process. "The DynaPower Business Unit has targeted high value niche markets within the wire industry and is actively seeking strategic alliances with European industrial partners to support our European marketing strategy," Miller added. "The sale to De Angeli has positioned us to take advantage of the technological and regulatory advances we see in Europe and to capture market share in Europe's rapidly expanding industrial metal cleaning industry." 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 eight 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.