| May 23, 2002
TURBOSONIC TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA), a leader in air pollution control technology, today
announced its receipt of new systems orders totaling US$ 1.6 million
(CDN$ 2.5 million) subsequent to the close of the third fiscal quarter.
The orders include systems to control particulate and CO2 emissions from a
power boiler at a pulp mill in the southeast USA, to control SO2 emissions at
a Canadian cement plant, and to provide evaporative gas cooling at two US
cement plants. The products involved include TurboSonic’s
Turbotak Wet Scrubber,
TurboSorb Semi-dry Scrubber and
SoniCoolTM Evaporative
Gas Cooling systems.
Edward Spink, TurboSonic’s Chairman and CEO, said “we are very pleased
to have received these new orders for a range of our products.
They provide further evidence that most aspects of our business are recovering
from the effects of the recent worldwide recession, which will in turn
contribute to our expected return to profitability in fiscal 2003."
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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