Emission & Power Solutions Signs New Distributor for FX Reactor in Australia and New Zealand
January 28, 2010 at 02:00 AM EST
LONDON, Jan. 28 /PRNewswire/ -- Emission & Power Solutions, Plc ("EPS", "the Company"), a clean tech company, announced today that it signed a new distributor for territories in New Zealand and the territories of New South Wales and Victoria in Australia. According to the most recent data from the Australia Bureau of Statistics, freight vehicles in Australia travelled an estimated 184,072 million tonne-kilometres in 2007. This is an increase of 31,295 million tonne-kilometres (20.5%) since 2003. The growth in commercial fleets and kilometers traveled presents a significant opportunity for the Company.
Erik Ulsteen, CEO & Chairman of EPS stated, "We are excited to begin working with Marian Gatefield and her company for distribution of our products in these new territories. Based on the fuel savings our products have shown with existing customers, such as multi-billion dollar company Martin Marrieta, we are confident our products will be well received."
EPS recently went public on the Borse Frankfurt and trades under the symbol EPI (Yahoo Finance ticker: EPI.F, Bloomberg ticker: EPI:GR).
EPS is a "clean tech" company that licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while also reducing environmentally harmful exhaust emissions. Using advanced fuel treatment devices, EPS has developed a proprietary multi-phase process utilizing engineered flow patterns in order to restructure fuel hydrocarbons. This increases fuel efficiency and produces a cleaner burn during the engine's combustion cycle. EPS has a portfolio of technologies in production and development and continues to expand its patented product line.
EPS' primary product is the FX Reactor In Line Device that reduces fuel consumption, increases horsepower, and significantly reduces emissions. The FX Reactor is an aftermarket apparatus that can be added directly into the fuel line of any diesel engine. EPS is also developing a Potentiometric Sensor that selectively detects and measures combustion gases, allowing for a further reduction in emissions and improved fuel efficiency. The third technology EPS is developing is an On Board Distillation System that vaporizes fuel in order to produce a cleaner engine start and reduce total hydrocarbon emissions.
For more information about EPS and its technologies, please visit the Company website at www.epsaves.com, or please contact:
SOURCE Emission & Power Solutions, Plc