LITTLE ROCK, AR, July 22, 2008 -- ThermoEnergy Corporation's CASTion subsidiary announced that a leading US aerospace and military supplier has purchased an additional CASTion custom-designed, proprietary chemical recovery and water conservation system to enhance the supplier's existing wastewater treatment process. The additional custom designed system is in keeping with the client's goal of minimizing its environmental impact on land, water, air, and human health through the beneficial reuse of water as well as recycling of primary manufacturing by-products. In total, the contract represents $1.1 million in revenue to ThermoEnergy's subsidiary.
"This contract is a strong example of the type of success our CASTion sales team is having in capitalizing on our robust 2008 pipeline," commented ThermoEnergy's CEO Dennis Cossey, "After spending the first two quarters focusing on building potential sales leads, we believe our pipeline is approaching $10M year to date and expect to close on a good portion of these sales in 2008. CASTion continues to prove itself as a market leader in industrial wastewater treatment and water conservation solutions, and we look forward to the rapidly improving ramp-up at CASTion, both from a revenue and profitability perspective."
The advanced wastewater treatment system being installed is one of the Company's CAST 2500 Systems; which will be coupled with a reverse osmosis unit and microfilter to treat various wastewaters produced during the manufacture of printed circuit boards. Virtually all the metals recovered from production rinse waters will either be reused or recycled. The new CAST 2500 unit will be an add-on to the initial reverse osmosis system purchased by the client in 2007.
ThermoEnergy is a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies.
CASTion is a fast growing developer and manufacturer of innovative wastewater treatment and recovery systems for industrial and municipal clients.
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