To: jmhollen who wrote (1831 ) 11/30/2004 9:24:44 AM From: dkgross Respond to of 1878 (BSNS WIRE) GreenMan Technologies, Inc. Completes $1 Million Installation Of eorgia Waste Wire Processing Equipment Line GreenMan Technologies, Inc. Completes $1 Million Installation Of Georgia Waste W re Processing Equipment Line Business Editors / Environment Writers LYNNFIELD, Mass.--(BUSINESS WIRE)--Nov. 30, 2004-- GreenMan Technologies, Inc. (AMEX: GRN) today announced completion of the re-installation of the waste wire processing equipment line in its Georgia facility which was damaged in a March 2003 fire. The upgraded, state-of-the art rubber and steel separation system is estimated to reduce annual disposal expense by over $500,000 per year, while providing new capacity to produce over 20 million pounds of rubber feedstock per year and over 7 million pounds of high alloy clean steel which collectively could generate new accretive revenues exceeding $1 million annually. "All waste wire processing equipment damaged in the March 2003 fire has been replaced in our Georgia plant," said Tom Carter, Vice President of the Southeast Region. Mr. Carter added, "Valuable lessons learned at our other waste wire processing installations in Iowa and Minnesota regarding optimal equipment configuration, productivity and material handling systems has been incorporated and will greatly benefit our Georgia system. Demand for our high quality rubber and steel products is very high. The completion of the Georgia project continues our 'slaughter-house' approach which is to realize more revenue from each scrap tire we manage while simultaneously reducing our waste disposal costs." GreenMan was founded in 1992 and today is comprised of six operating locations that collect, process and market scrap over 30 million scrap tires in whole, shredded or granular form. We are headquartered in Lynnfield, Massachusetts and currently operate tire processing operations in California, Georgia, Iowa, Minnesota, Tennessee and Wisconsin and operate under exclusive agreements to supply whole tires used as alternative fuel to cement kilns located in Alabama, Florida, Georgia, Illinois, Missouri, Tennessee and Texas. "Safe Harbor" Statement: Under the Private Securities Litigation Reform Act With the exception of the historical information contained in this news release, the matters described herein contain 'forward-looking' statements that involve risk and uncertainties that may individually or collectively impact the matters herein described, including but not limited to our need to seek additional working capital, the possibility that we may not realize the benefits expected from our new Tennessee operations or the reconfiguration of our Wisconsin operations, product acceptance, economic, competitive, governmental, seasonal, management, technological and/or other factors outside the control of the Company, which are detailed from time to time in the Company's SEC reports, including the quarterly report on Form 10-QSB for the fiscal quarter ended June 30, 2004. The Company disclaims any intent or obligation to update these "forward-looking" statements. KEYWORD: NORTH AMERICA GEORGIA MASSACHUSETTS UNITED STATES INDUSTRY KEYWORD: NATURAL RESOURCES ENVIRONMENT SOURCE: GreenMan Technologies, Inc. CONTACT INFORMATION: GreenMan Technologies Chuck Coppa, 781-224-2411 CFO or Bob Davis, 781-224-2411 CEO *** end of story ***