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Alter NRG Corp. Announces a Strategic Alliance With a Leading Engineering Firm in Southeast Asia

Posted on: Wednesday, 8 July 2009, 08:29 CDT

CALGARY, Alberta, July 8 /PRNewswire-FirstCall/ -- (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce that it has signed an alliance agreement with Uhde Engineering Consulting (Shanghai) Co. Ltd ("UHDE Shanghai"). Under the terms of the agreement Uhde Shanghai will provide engineering services, marketing services and jointly pursue business opportunities in the Asia Pacific region, Mexico, Central America and South America using the Westinghouse Plasma Technology owned by Alter NRG.

Under the terms of the non-exclusive alliance agreement Uhde will license, market as well as promote the Alter NRG technology in Waste to Energy projects and other developments. The alliance agreement includes a preferred engineering relationship for engineering and procurement support for the projects requiring the syngas conditioning and gasification expertise that Uhde Shanghai and Alter NRG, respectively, can provide its customers.

Mark Montemurro, President and CEO of Alter NRG states, "This alliance agreement will provide Alter NRG presence on the ground in China and Southeast Asia through a well respected and capable engineering firm. This has numerous benefits including increasing our sales pipeline but also working with Uhde Shanghai to reduce the capital cost of our plasma gasification systems worldwide."

Uhde is one of the world's leading engineering companies in the design and construction of chemical, refining and other industrial plants with over 2000 plants to its credit. Their worldwide network has over 4,900 employees and is active in a number of different fields including fertilizers, electrolysis, gas technologies, oil, coal and residue gasification, refining technologies, organic intermediates, polymers and synthetic fibres as well as coke plant and high-pressure technologies.

Uhde Shanghai is part of the regionally operating Uhde Asia Pacific, which employs over 1,000 staff in seven offices in Australia, Thailand, Mexico and China, providing technology, engineering, procurement and project delivery services to the process and resource industries in the Asia Pacific Region.

ABOUT ALTER NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to be a senior energy producer by becoming the world's leading supplier of plasma gasification technology and developing environmentally sustainable and economically viable gasification projects. The Company's objective is to further commercialize the Westinghouse Plasma technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs - including hydrogen, liquid fuels like diesel, and ethanol, power, and syngas.

For additional information please contact:

Advisory Respecting Forward-Looking Statements:

This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: currency exchange rate fluctuations; environmental risks; unanticipated reclamation expenses; ability to finance; risk of obtaining regulatory approvals; ability to find joint venture partners; engineering and design risk; fluctuation in commodity prices and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties including but not limited to:, unexpected events during construction, and start-up; variations in feedstock grade,; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of commodities; failure of plant, equipment or processes to operate as anticipated; delays in the completion of development or construction activities, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2009 available at www.sedar.com which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

SOURCE Alter NRG Corp.

Source: PR Newswire

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