Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (3324)	7/15/1999 12:48:00 AM
From: mark calgary	Read Replies (1) \| Respond to of 4605

Recieved this promo item tonight - wouldn't it be an incredble fit if the two companies could combine. - What a powerhouse it would be in the area of diesel development. Major Railway Interested in TER Thermal Retrieval Systems Ltd. (Formerly "Ashdod Systems Ltd.") (ASE: ASN) ter.ca July 12, 1999 FOR IMMEDIATE RELEASE ============================================================= Major Railway Interested in TER Montreal, Quebec, Canada - TER Thermal Retrieval Systems Ltd. today announced receipt of a written expression of interest in its TER system - from a major railway company. No details have been provided at this time. -------------------------------------------------------------- TER THERMAL RETRIEVAL SYSTEMS LTD., headquartered in Montreal, focuses on the development of its TER technology. TER (thermal energy retrieval) technology converts extracted waste heat from an engine cooling system into mechanical energy, for reuse in the engine as added power. Preparations are now under way to produce and distribute systems based on the technology for heavy-duty trucks and mobile off-road diesel engine applications, such as construction vehicles, locomotives, and mining trucks, and stationary power generators. Future applications of the TER technology may also include fossil-fuelled power stations. For further information, please contact: Marian Kellerman C.A., Chief Financial Officer, at (514) 985-9632, fax (514) 985-9719, or email mailto:yoda@proxyma.net. You may also visit our web site at ter.ca ON BEHALF OF THE BOARD OF DIRECTORS OF TER THERMAL RETRIEVAL SYSTEMS LTD. Eli Hay Eng. President & CEO The Alberta Stock Exchange has neither approved nor disapproved of the information contained in this release. This News Release may contain certain forward-looking statements. THERMAL RETRIEVAL SYSTEMS LTD. "Cleaner air from diesel engines" ASE:ASN ter.ca July 1999 Founded in 1998, TER Thermal Retrieval Systems Ltd. is an Alberta-listed, Montreal-based junior public company. The company has been granted an exclusive worldwide license to complete the development, manufacture and marketing of the TER(tm) technology - attachment to diesel engines. Up to the 1990's, diesel engines were perceived to have relatively "clean" exhaust. When environmental requirements became more onerous, exhaust from diesel engines was found to contain a large amount of pollutants that should be watched. The result was new requirements in the US Clean Air Act that made it necessary to actively reduce pollutants from diesel engines. TER(tm) is the culmination of 7 years of research and development. Natural Resources Canada sponsored a major portion of the research and development activities leading to blueprints of the TER(tm) system. Recently, Natural Resources Canada has confirmed their continued interest by offering support to test the TER(tm) prototype at Environment Canada laboratories in Ottawa. As a general comment, in internal combustion engines, the fuel energy is equally split: 33.3% is used as motive power, 33.3% is wasted through hot exhaust gases, and 33.3% is wasted to the engine coolants. The Thermal Energy Retrieval ("TER(tm)") represents a new technology in the diesel engine field: TER(tm) is designed to recuperate the heat wasted in engine coolants, and to transform it efficiently into engine output shaft. A microprocessor-based system is intended to permit TER(tm) to work at or near design conditions, as well as ensure its safe operation. The TER(tm) technology will lead to a substantial reduction in pollutants discharged into our atmosphere. The multi patent-pending technology culminates a lengthy research program that was begun in 1992. TER(tm) is at the pre-commercial prototype stage. The manufacture and field-testing of the commercial prototype is now proceeding. During the next 12 months, the system will go through a series of performance tests as the company prepares for the manufacture of its first generation units. This is a giant, multi billion-dollar market, consisting of road and off-road stationary diesel engines. Our prime users will be road vehicles (heavy-duty trucks), mobile off-road vehicles (construction, locomotives, mining trucks.) and stationary power generators. The company has a high degree of efficiency; decision-making process is extremely fast and innovation is attained more rapidly. Our team has established a cost-efficient development process: corrections are made quickly, alternative actions are readily implemented. The TER senior management group comprises at present 7 members. Their exposure and involvement with the technology for a number of years is a great asset for the timely design and test completion of the prototype. Other members of the team are handpicked to fit into the group. Management is highly diversified: engineering, finance and legal. Diesel engines are basic prime movers that are reliable, and which provide steady power relatively cheaply. TER(tm) is a system aimed at leading to a significant reduction in emitted pollutants. The company is poised to make TER(tm) a front-runner technology in the diesel engine field. TER will also address the low-grade heat energy found in fossil-fuelled power stations for electricity production. TER Thermal Retrieval Systems is actively discussing strategic alliances with major diesel engines companies, heavy-duty truck manufacturers, locomotive railway transport companies and power producers. Further information: -------------------- Rachel Kellerman Tel: (514) 985-9632 Fax: (514) 985-9719 Email: mailto:yoda@proxyma.net Stock information: ------------------ Public float: 2,750,000 Escrow shares: 5,700,000