''2008 was undoubtedly China Energy Recovery's most successful year to date, and we're very pleased with the energy generation capacity we were able to help our clients achieve from what would otherwise be wasted energy resources,'' stated CER's CEO, Mr. Qinghuan Wu.
CER recognizes that most industrial customers directly utilize the waste heat energy captured in the form of steam and return it back into their production processes to achieve the highest energy utilization efficiency possible, and save on their costs of energy. The benefit is, therefore, more about energy efficiency than it is as a replacement source for additional energy generation. If measured on a cost-per-MW-produced basis against other ''clean tech'' energy generation sources such as wind or solar energy, the investment costs would be significantly higher than those for energy recovery systems. Waste energy recovery systems have even been deemed to be cost-competitive when compared against large-scale conventional power sources such as coal, fossil fuel and nuclear power.
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
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, 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 SEC, including CER's Current Report on
Form 8-K filed with the Securities and Exchange Commission on
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.