Environmental Solutions Worldwide Completes Production of 100 Converter Prototypes
14 June 2000
Environmental Solutions Worldwide Completes Production of 100 Hundred Enviro Cat Catalytic Converter Prototypes; Company To Immediately Begin Internal Emissions Testing
RICHMOND HILL, Ontario - ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC., the developer of a high-performance environmentally friendly catalytic converter and spark plug technology, announced today that it has completed the production of 100 prototype units of its Enviro Cat catalytic converter and that internal emissions testing will begin immediately."We are pleased with the results of our manufacturing process and believe that the upcoming tests will further confirm the already proven viability and functionality of our product," stated Bengt Odner, Chief Executive Officer of Environmental Solutions Worldwide. "We will continue to make modifications on the prototypes during this phase of testing in order to produce the best possible emission results," Mr. Odner added.
The 1 1/2 -inch honeycomb cakes, containing 400 holes per square inch, are the first in a series of prototypes being produced in various sizes and configurations for in-house testing, which are expected to be completed in six to eight weeks. Testing by original equipment manufacturers and by a laboratory certified by the U.S. Environmental Protection Agency will follow.
Mr. Odner also said Environmental Solutions Worldwide plans to start production of its 5-inch prototypes for testing by automobile manufacturers within the next two weeks and that the Company is continuing discussions about potential strategic alliances within the automotive industry.
Environmental Solutions Worldwide, Inc., through its wholly-owned BBL Technologies, Inc., subsidiary, is a developer of proprietary catalytic converter technology used in its prototype Enviro Cat(TM) catalytic converter, which is designed to dramatically reduce toxic emissions, including nitrous oxide, expelled by internal combustion engines. The converter requires no precious metals in the manufacturing process, making it less expensive to produce. The technology enables catalytic converters to operate on all three fuel types, unleaded, diesel and leaded. The Company also has developed a new, highly efficient spark plug with the potential of increasing the efficiency of internal combustion engines, reducing toxic emissions while increasing fuel economy. Environmental Solutions holds Canadian patents and U.S. patent pending on its technology and is in the process of obtaining worldwide patent protection.
This press 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 "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.