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Catalytic Solutions (Reg S) (CTS)

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New Order Wins - Foster Wheeler

RNS Number : 4558F
Catalytic Solutions, Inc.
09 October 2008
 



For immediate release

9 October 2008



Catalytic Solutions, Inc.


(The "Company")


NEW ORDER WINs - foster wheeler


Catalytic Solutions, Inc. (AIM:CTS and CTSU), the company behind Mixed Phase Catalyst (MPC®technology, is pleased to announce that its energy systems business through its wholly owned subsidiary, Applied Utility Systems, Inc., has won orders valued at U.S. $1.7 million from Foster Wheeler Ltd. to supply a total of five of the Company's selective catalytic reduction (SCR) systems.  Implementation of the projects has commenced and they are expected to be completed by early 2009.


Three of the SCR systems are to be supplied to operate in conjunction with refinery process heaters supplied by Foster Wheeler's fired heater division, to a refinery in Whiting, Indiana. The remaining two systems are to operate in conjunction with Foster Wheeler supplied process heaters at a refinery conversion project in Port Arthur, Texas.


Foster Wheeler Ltd. is a global engineering and construction contractor and power equipment supplier based in the USA.  


Commenting on the order win, Gary Hessenauer, President of Catalytic Solutions, Inc. energy systems business, said:

"We are delighted with these orders which continue to endorse our technology and strategy to focus our sales drive at the refining companies, which demand emission solutions on a large scale. Following the Flying J contract in 2007 and the recently announced Jacobs contract, the company is rapidly developing a track record in this space."


Charles F. Call, Chief Executive Officer of Catalytic Solutions, Inc. commented:

"Our energy systems business' success in securing these orders validates the strategy to diversify the Catalytic Solutions technology into the new market segments of power generation and refining. We have gained significant traction over the past year and we anticipate further progress in the short term."  

  For further details, please contact:


Catalytic Solutions, Inc.

Charlie Call, Chief Executive Officer

Steve Golden, Chief Technical Officer

Nikhil Mehta, Chief Financial Officer


Tel: +1 (805) 486-4649

Canaccord Adams

Robert Finlay

Bhavesh Patel



Tel: 020 7050 6500


Buchanan Communications

Charles Ryland

Ben Willey

Christian Goodbody


Tel: 020 7466 5000


About Catalytic Solutions, Inc.


Catalytic Solutions operates in the field of catalysis, offering catalyst-based solutions for clean utilization of fossil fuels. Catalytic Solutions was successfully admitted to AIM (AIM:CTS and CTSU), a market operated by the London Stock Exchange plc, in November 2006. The Company is focused on the creation, manufacture and supply of emission control catalysts for motor vehicle (gasoline and diesel engines) and energy applications (gas turbines, boilers, gensets). Catalytic Solutions' catalysts are designed to deliver high value to customers while benefiting the global environment through air quality improvement, sustainability and energy efficiency. With over eight million parts supplied to customers since 1996, Catalytic Solutions' proven technical and manufacturing competence meets auto makers' most stringent requirements. In December 2007, the Company acquired Engine Control Systems (ECS), a manufacturer of technology-based emission control systems giving Catalytic Solutions access to European manufacturing, product testing and development. ECS develops, manufactures and supplies a full range of custom-built technology-based and standard emission control products for original equipment, aftermarket and retrofit applications. The products are used for treating harmful exhaust emissions primarily in the heavy-duty diesel market. ECS' technology-based products change or modify the nature of the exhaust gases, thereby reducing hazardous elements rather than simply attenuating noise. In August 2006, the Company acquired certain tangible and intangible assets from Applied Utility Systems (AUS) and established Applied Utility Systems, Inc. (a wholly owned subsidiary of the Company) as the operating company for the new business. AUS is engaged in designing and installing systems related to the clean and efficient use of fossil fuels outside of their use in motor vehicles. The Company currently has operations in the USA, Canada, France, Japan, Sweden and an Asian Joint Venture.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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