ESWW Purchases First Catalytic Converter Manufacturing Equipment from Loomis
16 April 1999
ESWW Purchases First Catalytic Converter Manufacturing Equipment from Loomis
CONCORD, Ontario--April 16, 1999--Environmental Solutions Worldwide Inc. (OTC BB:ESWW) is pleased to announce that its proprietary extrusion formula for catalytic converter substrates will be developed using equipment from Loomis Products Co., of Levittown, Pa.ESWW has purchased Loomis' patented double-tilt production machine for pilot production of full-size automotive honeycombs while the company continues the development, testing and certification of the prototype catalytic converter.
"We think that Loomis will play an important role in the development of our unique catalytic converter substrate," says Ralph Cilevitz, Technical Director of ESWW's wholly owned subsidiary BBL Technologies. "The manufacturing process for catalytic converter substrates is highly specialized and sophisticated and to have a company with the background of Loomis for the manufacturing equipment is quite a milestone for our company."
Loomis has supplied the catalytic converter industry with manufacturing equipment over the last 30 years and is highly qualified to enhance the efforts of ESWW.
Environmental Solutions Worldwide Inc. aims to become a leader in the environmental, scientific and life science industries. Through its Enviro Cat(TM) technology the company will offer the automotive industry an innovative catalytic converter that is less expensive to manufacture yet more effective than the converter in today's market place.
More information on the company is available at www.cleanerfuture.com, or contact investor relations, Steve Basra, tel: 905/763-7773, or fax: 905/763-7774.
The statements contained in this news release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company, the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here.