China Energy Recovery Files a New Patent of Waste Heat Recovery Technology to Capture and Reuse Waste Energy in Cement Manufacturing
(OTC Bulletin Board: CGYV) (ISIN: US16943V2060; “CER”), a leader in the waste
heat energy recovery sector of the industrial energy efficiency industry,
today announced that as part of its strategic initiative to strengthen
protection of its intellectual properties for energy efficiency, the company
has filed a new patent application with the Intellectual Property Office of
manufacturing is one of the fastest growing industries in
estimates of up to a single new factory opening every 1-2 weeks throughout the
country, and they are among the country’s biggest consumers of power and
polluters.
This technology streamlines the structure of the waste heat recovery
boiler for cement manufacturing to improve the reliability and recovery
efficiency of the equipment while reducing the equipment size to save costs.
“This patent application is the result of the core technical know-how for
waste heat recovery that China Energy Recovery has developed over the years
and which can be replicated and applied to different industries,” commented Mr.
Qinghuan Wu, Chairman and CEO of China Energy Recovery. “The cement industry
in
stimulus package passed by the Chinese government. It is also one of the
industries in which there exists enormous potential for improvement in areas
such as energy efficiency and the reduction of harmful emissions and CO2.
This piece of technology developed by CER’s engineers is expected to optimize
the efficiency of recovering the waste heat released from the cement
manufacturing process and open up enormous opportunities for CER within the
cement industries in
What is Waste Heat Energy Recovery?
Industrial facilities release significant amounts of excess heat into the
atmosphere in the form of hot exhaust gases or high-pressure steam. Energy
recovery is the process of recovering vast amounts of that wasted energy and
converting it into usable heat energy or electricity, dramatically lowering
energy costs. Energy recovery systems are also capable of capturing harmful
pollutants that would otherwise be released into the environment. It is
estimated that if energy currently wasted by all the U.S. industrial
facilities could be recovered, it could produce power equivalent to 20% of U.S.
electricity generation capacity without burning any additional fossil fuel,
and could help many industries to meet stringent environmental regulations.
About China Energy Recovery, Inc.
CER is an international leader in designing, manufacturing and installing
waste heat energy recovery systems which provide facilities with greater
energy efficiency. The company’s primary focus is on the Chinese market.
CER’s technology captures industrial waste energy to produce low-cost
electrical power, enabling industrial manufacturers to reduce their energy
costs, shrink their emissions footprint, and generate sellable emissions
credits. CER has deployed its systems throughout
international markets as
numerous industries in which a rapid payback on invested capital is achieved
by its customers, including: chemical, paper manufacturing, refining
(including methanol refining), etc. CER continues to invest in R&D and plans
to build
fabrication facility to allow it to meet the increased demand for its products
and services. For more information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER’s website
does not comprise a part of this press release.
Forward-Looking Statement Disclaimer
This press release includes “forward-looking statements” within the
meaning of the Securities Litigation Reform Act of 1995, as amended. All
statements, other than statements of historical fact, included in the press
release that address activities, events or developments that CER believes or
anticipates will or may occur in the future are forward-looking statements.
These statements are based on certain assumptions made based on experience,
expected future developments and other factors that CER believes are
appropriate under the circumstances. Such statements are subject to a number
of assumptions, risks and uncertainties, many of which are beyond the control
of CER and may not materialize, including, without limitation, the efficacy
and market acceptance of CER’s products and services, CER’s ability to execute
on its business plan and strategies and CER’s ability to successfully complete
orders and collect revenues therefrom. Investors are cautioned that any such
statements are not guarantees of future performance. Actual results or
developments may differ materially from those projected in the forward-looking
statements as a result of many factors. Furthermore, CER does not intend (and
is not obligated) to update publicly any forward-looking statements, except as
required by law. The contents of this release should be considered in
conjunction with the warnings and cautionary statements contained in CER’s
filings with the Securities and Exchange Commission, including CER’s Annual
Report on Form 10-K filed with the Securities and Exchange Commission on
30, 2009
For more information, please contact:
Media
Sean Mahoney
Tel: +1-310-867-0670
Email: seamah@gmail.com
Investor Relations
Jim Blackman
Tel: +1-713-256-0369
Email: jim@prfmonline.com
SOURCE China Energy Recovery, Inc.