| June 18, 2002
TURBOSONIC TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA), a leader in air pollution control technology, today
announced its receipt of a new systems order totaling approximately US$1
Million subsequent to the close of the third fiscal quarter.
The order is for a system to control sub-micron particulate and condensible
Volatile Organic Compounds (“VOC”) emissions from a major corn processing
operation in Illinois. The products include TurboSonic’s
Turbotak Wet Scrubber and SonicKleenTM Wet Electrostatic Precipitator.
Edward Spink, TurboSonic’s Chairman and CEO, said, “This order was won
in a very competitive bidding process and is a 'first of' in the industry.
We expect that this order will set the new standard, together with thermal
oxidation, for emissions control in corn milling/ethanol production plants.
We believe this order opens a new emerging market for our proprietary products
and represents a major growth opportunity for TurboSonic.” Mr. Spink added,
“I think the EPA will be watching this installation, and may use it to set
new BACT (Best Available Control Technology) standards for the industry, which
has 75 plants in production or under construction.”
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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