Quiet Cat Catalyst-Muffler Continues to be Granted EPA/CARB Certifications
TELFORD, Penn.--Oct. 24, 2002--Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW), a company that develops, manufactures and markets environmental technologies, today announced that the Company continues to provide certification services and acquire EPA/CARB certifications for its customers using the ESW proprietary catalyst/muffler system branded Quiet Cat(TM). ESW has obtained seven full certifications to date for its customers as part of a complete utility engine certification package using the Quiet Cat(TM) to reduce the toxic exhaust emissions.
The seven EPA/CARB certifications include two that were previously reported this year. These certifications were granted on behalf of ESW's utility engine customers from emissions tests filed with the U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) after positive engine emissions results with ESW's Quiet Cat(TM) installed on their engine configuration.
Since the beginning of the year, ESW has sold and delivered over 10,200 Quiet Cat's(TM) and has received Purchase Orders for 9,500 Quiet Cat(TM) catalyst/muffler systems to be delivered by the end of the year, further validating the benefits of ESW's catalyst research, development and emissions testing programs.
"Although revenue generated from these units is in itself, not significant ($50 to $125 per unit), the continued sale, certification and acceptance through a small and under-penetrated customer-base, further validates our recent entry into this marketplace. We are pleased that ESW is able to provide the testing services and catalyst products that enable our customers to comply with stringent Federal and State regulations, as well as the subsequent ESW product orders that have followed," stated John Donohoe, the Company's Chairman, Chief Executive Officer and President. "We consider these EPA/CARB certificate programs for engine packages that include our products an essential part of the Company's future, and we continue to work diligently towards these large market opportunities".
EPA/CARB certification is a mandatory U.S. Government requirement for any manufacturer or importer to sell their engines into the North American market. Also EPA/CARB recertification is a mandatory U.S. Government requirement for any company that adapts an existing engine design to a different application other than that which it was initially certified for. EPA/CARB certification is a benchmark validation of performance and is recognized worldwide.
About Environmental Solutions Worldwide Inc.
With headquarters in Telford, Pennsylvania Environmental Solutions Worldwide is a publicly traded research and development company engaged through its subsidiaries in the design, development, manufacture and sale of environmental technologies currently focused on the international automotive and transportation industries. ESW manufactures and markets a line of catalytic emission control products and catalytic conversion technologies for a multitude of applications.
For updated information, please visit the Company's Web site at: www.cleanerfuture.com.
Safe Harbor
This news 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 "pleased" "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.
