FOR IMMEDIATE RELEASE
New Refrigerant Will Allow Montreal Protocol to Expedite CFC Ban
Search for 'Cooler' Refrigerant Alternatives Advantageous for Solpower
Corporation's SP34E
June 22, 1999, Scottsdale, Arizona - Solpower Corporation (NASD OTC BB:
SLPW), a worldwide leader in environmental technology, announces projected
benefits resulting from Chlorofluorocarbon (CFC) global banning
initiatives. Europe, Canada and Japan have recently introduced more
effective usage bans on CFCs that has significantly increased the market
opportunities for Solpower Corporation's SP34E, a direct drop-in
replacement gas for R12 and R134A refrigerants.
"We are extremely excited about the increased market potential for SP34E
as a result of these new initiatives for the usage bans on CFCs and have
revised our revenue projections accordingly. You could say SP34E is the
new generation R134A and that our product has taken over where they left
off. It is no wonder SP34E has captured almost 15% of the Australian
refrigeration market in less than a year." says James H. Hirst, President
and CEO of Solpower Corporation.
For some years the refrigeration industry and government bodies have been
addressing the environmental and other associated problems concerning the
banning of R12/CFCs and other ozone depleting products. Until now,
progress has been impeded because of the absence of suitable replacement
products for R12/CFCs. Solpower Corporation is pleased to say that its
refrigerant gas SP34E is the solution to the Montreal Protocol initiatives
for implementation of CFC bans which can now be expedited. In addition to
being a direct drop-in replacement for R12 and R134A, Solpower's SP34E
also:
. will not damage the ozone layer
. requires minor system modification
. requires no special system handling equipment
. is compatible with mineral oils and PAG/POE oils
. outperforms both R12 and R134A in most cases; and
. is more efficient than R134A with more capacity and lower head pressures.
James Flowers, President of Protocol Resource Management Inc. of Ontario,
Canada, says, "As a founding member of the Air-Conditioning Refrigeration
Institute's "Reclaimers Division", based in Washington, DC, I have
researched every EPA/SNAP listed alternative to R12 in the automotive
aftermarket. I can honestly say no product available has the potential of
the SP34E as a drop-in replacement for R12" Protocol is Solpower's
Canadian SP34E manufacturing and distribution joint venture partner and is
the largest R134A repackaging operation in Canada.
Solpower Corporation manufactures, markets, distributes and sells
environmentally friendly products and technologies including Soltron, the
enzyme that enhances fuel and SP34E, a drop-in alternative refrigerant gas
to R12 and R134a.
Protocol Resource Management Inc. is dedicated to preservation of
stratospheric ozone through responsible refrigerant management, utilizing
the most environmentally-friendly technologies available. It is a
specialist in the cost effective management of both corporate and trade
refrigerant services and is Canada's largest refrigerant reclamation
company and is a joint venture partner with Solpower Corporation for the
manufacture and distribution of SP34E in Canada and other territories.
This news release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable,
it can give no assurance that such expectations will prove correct.
- End -
For further information please contact Dominion Capital Securities, Inc. at
(877) 432-7462 or Solpower Corporation at (888) 289-8866.
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