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Press Release Source: KleenAir Systems, Inc.
KleenAir Systems, Inc. at the Forefront with Their Automotive Emission Technology as Featured on CEOcast.com Thursday September 16, 10:41 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Sept. 16, 2004--KleenAir Systems, Inc.. (OTCBB:KAIR - News) is pleased to announce that KleenAir Systems, Inc. President Lionel Simons has been featured on CEOcast.com. Mr. Simons explained in his interview that KleenAir Systems Selective Catalytic Reduction (SCR) technology has already been tested in the UK where their technology is reducing Nitrogen Oxides. He went on to explain that there are high medical costs in the UK due to NOx inhalation. "KleenAir System's technologies will reduce deaths and medical expense burdens related to NOx inhalation on UK taxpayers," stated Lionel Simons, President of KleenAir Systems, Inc.
In the United States, KleenAir Systems, Inc. has been working with the various federal and state agencies such as the Environmental Protection Agency (EPA) to finalize testing protocols. In the First quarter of 2005, the company expects to have completed the EPA retrofit verification and then they can start generating direct revenues. KleenAir Systems, Inc. should be generating income through their UK affiliate in the Fourth quarter of this year.
KleenAir is at the cutting edge of automotive emission reduction technology including Selective Catalytic Reduction (SCR), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide, hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease.
About CEOcast
CEOcast is the premier source of original and syndicated streaming broadcast interviews of CEOs of public companies. CEOcast is distributed to millions of on-line investors at over 700 financial websites as well as to more than 20,000 portfolio managers, buy side analysts and traders at more than 3,300 North American Institutions.
Safe Harbor Statements
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Placement Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings.
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Press Release Source: KleenAir Systems Inc.
KleenAir Systems Inc. Reviews CARB Trading Credit Certification Program Wednesday September 15, 8:30 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Sept. 15, 2004--KleenAir Systems Inc. (OTCBB:KAIR - News) announced today that the California Air Resource Board (CARB) reviewed plans for Retrofit Verification of KleenAir's NOxMaster(TM) NOx Reduction System (SCR), including its Diesel Particulate Filter. KleenAir received an Executive Order in April 2002, enabling it to sell its SCR system in California, as well as select other states. However, that certification procedure did not allow for the issuance of Emission Trading Credits to users of the systems. Such credits would contribute to offsetting the cost of the system.
"It was decided to wait for a Retrofit Verification program in order to qualify for credits. Testing protocols for this program have now been accepted by both CARB and the Environmental Protection Agency (EPA)," stated Lionel Simons, president of KleenAir Systems Inc.
During the meeting it was agreed that, under newly established arrangements governing the relationship between CARB and EPA, KleenAir Systems Inc. could complete its current EPA program application and have the results accepted by CARB for the purposes of acquiring emission credits in California.
KleenAir Systems Inc. recently announced that their U.K. affiliate recently signed a contract for a pre-IPO equity of $2.25 million with Hoodless Brennan, a London corporate broker and major fund-raiser active on the Alternative Investment Market (AIM). This agreement will be in effect shortly.
About KleenAir
KleenAir is at the cutting edge of automotive emission reduction technology including Selective Catalytic Reduction (SCR), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide, hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
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KleenAir Systems Inc. Receives Mayor's Emission Strategy For London Taxis Friday September 10, 8:30 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Sept. 10, 2004--KleenAir Systems Inc. (OTCBB:KAIR - News) announced today that the company has received a draft of the Emission Strategy for London Taxis published in support of the Mayor's Air Quality Strategy. The letter indicates implementation plans for the upgrade of London Taxis to meet Euro 3 standards by 2007, starting in 2005. The letter stated that: "As of 1st April 2005 all taxis in service that are Pre-Euro emissions standard, will be required to have Public Carriage Office/Energy Savings Trust approved emissions reduction equipment fitted or a Public Carriage Office/Energy Savings Trust approved conversion to run on alternative fuels as a requirement of licensing."
KleenAir's NOxMaster(TM) NOx Reduction System and Diesel Particulate Filter (SCRF) has been on the EST CleanUp register since December 2002, along with LPG, the preferred alternative fuel solution. "I believe that initial capital costs and installation requirements will give KleenAir a significant advantage in meeting the taxi upgrade program and will be the product of choice," stated Lionel Simons, president of KleenAir Systems Inc.
As of April 1, 2006, Euro 1 taxis will have to meet Euro 3 standards, and as of April 1, 2007, Euro 2 taxis will have to meet the Euro 3 standards. The total number of vehicles impacted are estimated at 17,500.
KleenAir Systems Inc. recently announced that their U.K. affiliate recently signed a contract for a pre-IPO equity of $2.25 million with Hoodless Brennan, a London corporate broker and major fund-raiser active on the Alternative Investment Market (AIM).
About KleenAir
KleenAir is at the cutting edge of automotive emission reduction technology including Selective Catalytic Reduction (SCR), Diesel Particulate Filters, Diesel Oxidizing Catalysts and advanced catalytic technology that significantly reduces nitrogen oxides, carbon monoxide, hydrocarbon and particulates. These pollutants have been shown to be a major contributor to heart and lung disease.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.