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Long Beach Container Terminal Places Second Order for VYCON's REGEN System

Posted on: Thursday, 8 May 2008, 12:00 CDT

LOS ANGELES, May 8 /PRNewswire/ -- VYCON, http://www.vyconenergy.com/, the designer and manufacturer of environmentally friendly, high-speed flywheel energy storage systems, today announced that Long Beach Container Terminal (LBCT) has placed their second order for REGEN systems. LBCT has purchased four additional REGEN units for their RTG cranes in the Port of Long Beach.

Based on the performance of their first two REGEN systems, in operation since December of 2007, and the California Air Resource Board's verification of VYCON's flywheel technology, LBCT is retrofitting the remainder of their AC powered RTG cranes. These units will make a significant impact in reducing the emissions generated by the cargo handling equipment at LBCT, while also providing fuel savings and a strong return on investment.

"We have been impressed by the results and multiple benefits that we have achieved using the REGEN system on our RTGs," said Kevin Hayes, Senior Vice President for Long Beach Container Terminal. "Our goal is to be leaders in the movement to green the Port and our community. The REGEN system is the type of new technology that I like to support as it benefits the environment as well as our financial reports by reducing fuel costs."

"We are very pleased that LBCT has recognized the value of our technology and that they are the first at the Port of Long Beach to make this level of commitment to improving the environment," said Louis Romo, Vice-President Sales - REGEN. "With the recent funding from the Port of LA we expect that other local operators will follow LBCT's lead with our equipment."

About VYCON

VYCON is an innovator in the design and manufacturing of technologically advanced, flywheel based, energy storage systems that enable a highly reliable, cost effective and "Green" energy storage solution for a variety of applications. VYCON's products are applied in the power quality markets to provide back-up power in mission critical applications and in the energy re-cycling markets for capturing and regenerating energy in crane, electric rail and distributed generation applications. VYCON is a publicly listed company on the AIM market of the London Stock Exchange and is headquartered in Orange County, CA.

DISCLAIMER

This announcement does not constitute, or form any part of, any offer or invitation to sell, allot or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment for securities, which should only be made on the basis of information contained in the admission document issued in connection with the Placing.

The issuance of securities in the Placing has not been and will not be registered under the applicable securities laws of the United States, Canada, Australia or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions.

VYCON

CONTACT: Kande Hall, +1-310-364-1100, ext. 106, Kande@grabinerhall.com,or Victoria Rierdan Hurley, +1-310-993-1840, Victoria@grabinerhall.com, bothof Grabiner-Hall, for VYCON

Web site: http://www.vyconenergy.com/

Source: PRNewswire

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