| April 26, 2000
TURBOSONIC TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA), a leader in air pollution control technology, today
announced today announced the receipt of new orders exceeding US$1 million
($1.5 million Canadian) for its proprietary air pollution control equipment.
Sales for the three quarters ended March 31, 2000 have already exceeded sales
for all of last year and are now at record levels. The backlog of orders at
March 31, 2000 is also at an all time high of $2 million ($2.9 million Canadian).
The orders include two proprietary SoniCoolTM
Evaporative Gas Cooling systems to be installed at a steel mill and a copper smelter,
a proprietary TurbotakTM Scrubber system
to control chlorine dioxide emissions and a retrofit of an existing scrubber system
with state-of-the-art TurboSonic equipment.
Sales for fiscal 2000 are on track to exceed $6 million
($8.8 million Canadian), more than double the sales volume for fiscal 1998
and a 50% increase over fiscal 1999.
In response to the increase in sales, Patrick Forde,
TurboSonic’s President, announced that "The future looks bright. To help
educate investors, we are currently meeting with the investment community to
provide more information on our existing products and new technologies,
as well as new business opportunities and our vision for the future of the company."
TurboSonic Technologies designs and markets proprietary air pollution
control technologies to industrial customers worldwide. Its products are
designed to meet and exceed the strictest emissions regulations, improve
performance, reduce operating costs and recover valuable by-products.
Industries served include Pulp & Paper, Metals and Mining, Cement, Waste
Processing & Incineration, Power Generation and Petrochemicals.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and involve known and unknown risks, uncertainties and
other factors that may cause the Company’s actual results, performance or
achievements to be materially different from the results, performance or
achievements expressed or implied by the forward-looking statement. Factors
that impact such forward-looking statements include, among others, changes in
worldwide general economic conditions, changes in interest rates, government
regulations, and worldwide competition.
For further information, contact:
Patrick Forde, President
TurboSonic Technologies, Inc.
550 Parkside Drive, Suite A-14, Waterloo, Ontario, Canada N2L 5V4
Phone: (519) 885-5513, Fax: (519) 885-6992
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