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China Energy Recovery Files a New Patent of Waste Heat Recovery Technology to Capture and Reuse Waste Energy in Cement Manufacturing
Tuesday, April 14, 2009
Shanghai, China -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that as part of its strategic initiative to strengthen protection of its intellectual properties for energy efficiency, the company has filed a new patent application with the Intellectual Property Office of China for its waste heat recovery technology for cement manufacturing. Cement manufacturing is one of the fastest growing industries in China, with estimates of up to a single new factory opening every 1-2 weeks throughout the country, and they are among the country's biggest consumers of power and polluters.
This technology streamlines the structure of the waste heat recovery boiler for cement manufacturing to improve the reliability and recovery efficiency of the equipment while reducing the equipment size to save costs.
"This patent application is the result of the core technical know-how for waste heat recovery that China Energy Recovery has developed over the years and which can be replicated and applied to different industries," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "The cement industry in China is one of the major industries intended to benefit from the recent stimulus package passed by the Chinese government. It is also one of the industries in which there exists enormous potential for improvement in areas such as energy efficiency and the reduction of harmful emissions and CO2. This piece of technology developed by CER's engineers is expected to optimize the efficiency of recovering the waste heat released from the cement manufacturing process and open up enormous opportunities for CER within the cement industries in China and abroad."
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable heat energy or electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing harmful pollutants that would otherwise be released into the environment. It is estimated that if energy currently wasted by all the U.S. industrial facilities could be recovered, it could produce power equivalent to 20% of U.S. electricity generation capacity without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.
About China Energy Recovery, Inc.
CER is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market. CER's technology captures industrial waste energy to produce low-cost electrical power, enabling industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER has deployed its systems throughout China and in such international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on numerous industries in which a rapid payback on invested capital is achieved by its customers, including: chemical, paper manufacturing, refining (including methanol refining), etc. CER continues to invest in R&D and plans to build China's first state-of-the-art energy recovery system research and fabrication facility to allow it to meet the increased demand for its products and services. For more information on CER, please visit: http://www.chinaenergyrecovery.com/s/Home.asp. Information on CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that CER believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors that CER believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of CER and may not materialize, including, without limitation, the efficacy and market acceptance of CER's products and services, CER's ability to execute on its business plan and strategies and CER's ability to successfully complete orders and collect revenues therefrom. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors. Furthermore, CER does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in CER's filings with the Securities and Exchange Commission, including CER's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2009.
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