BOCA RATON, Fla., Nov. 28, 2006 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for Catalytica Energy Systems, Inc. (Nasdaq:CESI). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive: "The Company announced today that it has secured a contract totaling approximately $1.0 million from a leading Midwestern utility customer to provide SCR catalyst regeneration services."
Under the terms of the purchase order, SCR-Tech will clean and regenerate catalyst from an SCR system located at one of the customer's coal-fired power plants. This process will extend the useful life of the existing catalyst, providing a lower cost alternative to purchasing new catalyst and eliminating the costs and environmental concerns associated with land filling spent catalyst. The work will be performed in 2007 for delivery in 2008.
SCR-Tech, based in Charlotte, North Carolina, is the North American leader in catalyst regeneration technologies and management services for selective catalytic reduction (SCR) systems used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. The Company offers a wide variety of services, including SCR catalyst cleaning, rejuvenation and regeneration, as well as SCR system management and consulting services, to help power plant operators optimize their SCR system operation while reducing overall operating and maintenance costs. SCR-Tech is a wholly owned subsidiary of Catalytica Energy Systems, Inc. (Nasdaq:CESI), a leading provider of innovative emissions solutions for combustion-related applications in the power generation and transportation industries. For more information on SCR-Tech, please visit www.SCR-Tech.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created therein. These statements include, but are not limited to, those regarding the timing associated with SCR-Tech's completion of catalyst cleaning and regeneration services and delivery of the regenerated catalyst; the ability of SCR-Tech's cleaning and regeneration process to successfully extend the useful life of SCR catalyst, provide a lower cost alternative to catalyst replacement, and eliminate the costs and environmental concerns associated with land filling spent catalyst; and SCR-Tech's ability to continue forming strong alliances with its customers and build confidence in its service capabilities. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, among others, the risks associated with the development, generally, of the Catalytica Energy Systems' overall strategic objectives; possible fluctuations in economic conditions affecting the markets for the Company's products and services; the risk that a market may not develop or be maintained for the Company's products and services; the existence of unanticipated technical, commercial or other setbacks related to the Company's products and services that could result in termination of one or more of its customer contracts; unanticipated events that could impact the Company's ability to manage the SCR-Tech business; difficulties or delays in executing SCR-Tech's business strategy; changes in the environmental requirements relating to certain emissions; the uncertainty of project completion and delivery time lines; the possibility that the Company may be unable to maintain current or develop future strategic relationships for its products and services, including with utility customers; and the other risks set forth in the Company's most recent Form 10-K and subsequent Forms 10-QSB filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances occurring after the date of this release.
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