I would have thought someone would have posted this by know, but I said I
owed you guys one--so here goes
Tuesday April 15 8:02 AM EDT
ALANCO's CDSI technology receives approval
Hangzhou steel plant certifies SO2 compliance
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 15, 1997-- Alanco Environmental
Resources Corp Tuesday announced receipt of compliance approval for its Charged Dry
Sorbent Injection (CDSI) industrial air pollution control system from Hangzhou Iron & Steel Co.,
the largest steel producing factory in China's Zheijiang Province.
ALANCO's CDSI systems was installed and placed in operation in December 1996 in the
Hangzhou Iron & Steel. Independent laboratory testing conducted in January established that the
system's SO2 removal efficiency met Chinese national standards. The contract with Hangzhou
Iron & Steel calls for four additional CDSI systems to be installed at the plant, including two
CDSI systems to be designed for new boilers.
ALANCO Chairman Dennis Schlegel said, "The acceptance of our CDSI system by Hangzhou
Iron & Steel represents a major milestone in ALANCO's development of the Chinese market.
We are now in our second plant in China, have cleared every hurdle and met every compliance
standard, and have contracts for additional systems in both plants."
In January ALANCO announced that it had received a Certificate of Final Acceptance for the
CDSI system installed in the Dezhou Thermal Power Plant in China. That certification was issued
after the Shandong Province EPA Monitoring Center completed over a year of tests of emissions
from the CDSI system and found the system met China's national emissions standards.
The ALANCO CDSI system is one of only five environmental technologies listed in China's
Agenda 21, the country's environmental cleanup plan for the next century. ALANCO currently
has a marketing agreement in China for its CDSI technology with China National Environmental
Protection Co., one of the country's largest environmental enforcement companies.
ALANCO's patented CDSI system uses an electrostatically charged sorbent to remediate and
remove noxious gases such as sulfur dioxide from a hot exhaust gas stream. The CDSI system is
notable for being more efficient and cost effective than competing technologies.
CONTACT: Alanco Environmental Resources Corp., Scottsdale
Investor Relations, 602/607-1010 |
