DynaMotive Announces New Orders for DynaPower Wire Cleaning Systems in Europe & Canada
12 December 2000
DynaMotive Announces New Orders for DynaPower Wire Cleaning Systems in Europe & CanadaVANCOUVER, Dec. 12 /PRNewswire/ - DynaMotive Technologies Corporation (OTCBB: DYMTF) announced today that it has received additional orders for its patented DynaPower metal cleaning systems from new wire industry customers in Europe as well as a repeat order from a Canadian customer. Recent DynaPower orders valued at a total of US$261,000 were received from: - Sural, S.p.A., a multinational Venezuelan aluminum producer, purchased a high speed DynaPower system for their new Italian facility to clean aluminum rod. - Greening Donald Co. Ltd. of Erin, Ontario, a manufacturer of stainless steel wire, purchased their first multi-strand DynaPower system; they previously purchased and installed a single strand line. - In Europe, one of the world's largest non-ferrous cable manufacturers has purchased its first DynaPower system. For competitive reasons, the customer has requested that the company name not be mentioned. DynaPower, Inc. recently showcased its patented electrolytic and ultrasonic wire cleaning technology at two international trade shows where the technology attracted significant interest: - Cable Asia Wire Show in Shanghai, China. DynaPower exhibited with its new Chinese agent, CHC Manutechnology Co., and generated over 100 serious enquiries. - Wire and Cable Mexico in Mexico City, Mexico. DynaPower initiated a new agency agreement with Metalimpex S.A. de C.V., a major supplier to the Mexican metal industry. DynaMotive Technologies develops and markets environmental technologies that provide clean, competitive alternatives to traditional industrial processes. The Company's DynaPower, Inc. subsidiary markets its patented ultrasonic and electrolytic cleaning systems to the wire manufacturing industry. The process removes 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 wire industry to clean its products. Systems have been sold in 11 countries to date. This press release may contain forward-looking statements, within the meaning of the United States Securities Act of 1933, as amended, and the United States Securities Exchange Act of 1934, as amended, regarding DynaMotive Technologies Corporation. Actual events or results may differ materially from the Company's expectations, which are subject to a number of known and unknown risks and uncertainties including but not limited to changes and/or delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, and general economic and market conditions. Other risk factors discussed in the Company's filings with the United States Securities and Exchange Commission may also affect the actual results achieved by the Company.