Emission & Power Solutions Plc
EMISSION & POWER SOLUTIONS SIGNS LETTER OF INTENT FOR POTENTIOMETRIC SENSOR TARGETING MULTI-BILLION DOLLAR HIGH TEMPERATURE INDUSTRY ESTIMATED TO ADD MORE THAN EUR5 MILLION IN REVENUE PER YEAR OVER THE NEXT 3 YEARS
Emission & Power Solutions Inc. / Letter of Intent 01.12.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- EMISSION & POWER SOLUTIONS SIGNS LETTER OF INTENT FOR POTENTIOMETRIC SENSOR TARGETING MULTI-BILLION DOLLAR HIGH TEMPERATURE INDUSTRY ESTIMATED TO ADD MORE THAN EUR5 MILLION IN REVENUE PER YEAR OVER THE NEXT 3 YEARS LONDON, 1 December 2009 Emission & Power Solutions, Plc ('EPS', 'the Company'), a clean tech company, announced today that it signed a Letter of Intent with European Industrial Group targeting the high temperature emission control and monitoring market for power plants. Erik Ulsteen, CEO & Chairman of EPS stated, 'We are excited to announce this LOI. It is our goal to have a final contract signed early in 2010. This shows the significant potential in our technologies, and we are pleased to expand the market reach for our sensor technology. EPS is targeting the gasoline and diesel automobile and heavy equipment industry. We are pleased to add partners which will help us reach new markets and add additional income in years to come' EPS recently went public on the Börse Frankfurt and trades under the symbol EPI (Yahoo Finance ticker: EPI.F, Bloomberg ticker: EPI:GR). About EPS: EPS is a 'clean tech' company that licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while also reducing environmentally harmful exhaust emissions. Using advanced fuel treatment devices, EPS has developed a proprietary multi-phase process utilizing engineered flow patterns in order to restructure fuel hydrocarbons. This increases fuel efficiency and produces a cleaner burn during the engine's combustion cycle. EPS has a portfolio of technologies in production and development and continues to expand its patented product line. EPS' primary product is the FX Reactor In Line Device that reduces fuel consumption, increases horsepower, and significantly reduces emissions. The FX Reactor is an aftermarket apparatus that can be added directly into the fuel line of any diesel engine. EPS is also developing a Potentiometric Sensor that selectively detects and measures combustion gases, allowing for a further reduction in emissions and improved fuel efficiency. The third technology EPS is developing is an On Board Distillation System that vaporizes fuel in order to produce a cleaner engine start and reduce total hydrocarbon emissions. For more information about EPS and its technologies, please visit the Company website at www.epsaves.com, or please contact: Ross Silver Investor Relations North America + 1 310.744.5268 www.vistap.com Christian Klingebiel Investor Relations Europe + 41 415 000 727 01.12.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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