Concord, ON – August 23, 2011 – Environmental Solutions Worldwide Inc. (OTCQB: ESWW) (Frankfurt Stock Exchange FWB: EOW) announced today that its wholly owned subsidiary ESW Canada Inc. (“ESWC”) received notification from the United States Environmental Protection Agency (“EPA”) that the Company’s XtrmCat Kit is now certified for 2 stroke, Category 2 Marine engines. The issuance of the ‘remanufacturing certificate’ is a significant milestone for the Company as it validates the DOC technology for the marine market sector.
are applicable to EMD 710 and 645 engines. The XtrmCat can achieve Tier 0 and Tier I compliance as per 40 CFR 1042 when retrofitted to EMD 710 and 645 engines. During the emission test program at an independent EPA approved test facility, the XtrmCat Kit exceeded the minimum regulatory requirements with significant margins throughout the complete test program. In particular, the Particulate Matter (PM) reduction efficiency noted total reductions of up to 46%.
The XtrmCat certifications have meaningful benefits to the end user, as the kit can be deployed without the need to remanufacture the engine, resulting in significant cost savings. Additionally, the technology is maintenance free and cost effective. The application design considerations are based on ‘real life’ examples performed alongside with Ingram Barge Company to ensure that vessels can be operated without negative impact on fuel economy and safety; bringing the regulatory
requirements and industry needs together in a meaningful way.
The Certifications are a meaningful addition to the company’s product lines of CARB verified diesel particulate filters, applicable to on-road and off-road applications. Mark Yung, ESW’s Chairman of the Board of Directors stated, “Today’s announcement speaks volumes about ESW’s ability to develop market leading emission catalytic solutions that meet stringent EPA standards. This set of EPA certificates for ESW Canada helps broaden our markets into the attractive marine sector and solidifies ESW’s position in the growing diesel retrofit market. ”
About Environmental Solutions Worldwide Inc.
Headquartered in Concord, Ontario, Environmental Solutions Worldwide, Inc. is a publicly traded company engaged through its wholly owned subsidiaries ESW Canada, Inc. and ESW America, Inc. (the ESW Group of Companies) in the design, development, ISO 9001:2000 certified manufacturing and sales of technologies for both the environmental control and military sectors. The ESW Group of Companies currently manufacture and market a diversified line of catalytic emission control products and support technologies for diesel, gasoline and alternative fueled engines. The ESW Group of Companies also operates a comprehensive EPA/CARB & MSHA recognized emissions testing and verification laboratory.
For updated information, please visit ESW’s website at: www.cleanerfuture.com
This press release and any related calls or discussions may contain forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements
about matters such as: future prices and sales of and demand for ESW’s products; future industry market conditions; future production, operating and overhead costs; operational and management restructuring activities; future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on ESW; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.
The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by ESW’s management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in ESW’s SEC filings and the following: current global economic and capital market uncertainties; potential inability to complete the rights offering; potential dilution to ESW’s stockholders from the rights offering; potential inability to continue to comply with government regulations such as CARB and EPA; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to or pursued by ESW; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to unexpected equipment failures; changes in generally
accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against ESW; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to ESW or persons acting on its behalf are expressly qualified in their entirety by these factors. ESW undertakes no obligation to publicly update or revise any forward-looking statement.
Contact information for Environmental Solutions Worldwide, Inc.: Investor Relations