More newsALTER NRG CORP. ANNOUNCES $1.9 MILLION SALE OF PLASMA TORCHES
Apr. 28, 2011 (Canada NewsWire Group) --
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CALGARY, April 28 /CNW/ - (TSX: NRG) (OTCQX: ANRGF) Alter NRG Corp.("Alter NRG" or the "Company") announces that it has signed a contractto deliver three of its Marc 11 Westinghouse Plasma torch systems forapproximately USD$1.9 million. The torches are expected to beginassembly in the second quarter with final delivery in the fourthquarter of 2011. The same customer ordered three torches in 2010, andis now ordering additional torches for their industrial application.
Westinghouse Plasma Corporation ("Westinghouse Plasma"), a wholly ownedsubsidiary of Alter NRG, has sold plasma torch systems for more than 20years as a clean and efficient source of intense heat. With risingmetallurgical coal and oil prices as well as more stringent carbonpolicies, companies are looking for ways to reduce costs and reducetheir carbon footprint with alternatives like the plasma torches.Westinghouse Plasma torches produce intense heat that can be greaterthan 5000 degrees Celsius and have very low carbon emissions.Westinghouse Plasma has sold torches since the 1980's for metalsrecycling, testing programs, mining and smelting, waste destruction andother industrial applications.
Mark Montemurro, CEO of Alter NRG believes that "the plasma torch marketis a promising opportunity for our Company as customers look to reducetheir cost structure and carbon footprint. The plasma torch sales havea much shorter sales cycle without the regulatory hurdles of a fullenergy facility, as well as being a mature product offering withsignificant commercial history. We are currently in discussions withseveral large metallurgical recyclers, steel producers and otherindustrial companies regarding plasma torch systems effectiveness fortheir industrial application."