| April 26, 2001
TURBOSONIC TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA), a leader in air pollution control technology, today
announced the receipt of new systems orders totaling US$ 2.5 million (CDN$ 3.8
million) in the three month fiscal period ended March 31, 2001. Additional new
systems orders totaling US$ 750,000 (CDN$ 1.1 million) have been received
subsequent to the close of our third fiscal quarter.
Orders that have been placed include SoniCool®
Evaporative Gas Cooling and Conditioning systems to be installed at
cement plants in Canada and South Africa and at a SuperFund site hazardous
waste incinerator in Florida. Orders have also been placed for
Turbotak Wet
Scrubbers to control emissions at a pulp & paper mill and at a wood
products plant.
"These new orders improve our already strong order
backlog as we continue our record sales pace", stated Patrick Forde,
TurboSonic’s President. "We anticipate that our sales for fiscal 2001
will exceed US$ 12 million (CDN$ 18.4 million), more than double fiscal
2000."
Mr. Forde went on to say, "We believe the market for
our products and services will remain strong as new industrial air emission
regulations, such as the U.S. EPA MACT II rules, come into force. Based on the
size and number of projects we are currently bidding on, we are confident that
demand will remain steady and that our sales and earnings will continue to
grow throughout the next fiscal year".
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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