Cemtrex Expanding Production Capacity for Mercury Monitors
2006年11月10日 - 12:00AM
PRニュース・ワイアー (英語)
FARMINGDALE, N.Y., Nov. 9 /PRNewswire-FirstCall/ -- Cemtrex Inc.
(OTC: CTEX) announced today that it is expanding its current
facility for assembling and production of its SM4 compliance
mercury monitor in response to the increased number of inquiries
and the anticipated demand for the monitor. Cemtrex plans to
allocate greater manpower and facility area for assembly,
warehousing and shipment of the SM4 monitor. "We are expanding our
current capabilities so that we can ship over 15 monitors per month
from our facility," said Mr. Aron Govil, CEO & President of
Cemtrex. "We are also planning to stock an exhaustive spare parts
inventory to provide same-day shipment and feel confident in
meeting the increased demand in the coming years for our mercury
monitors." On March 15, 2005, the EPA adopted the Clean Air Mercury
Rule (CAMR), which progressively decreases mercury emissions
nationally from coal-fired power plants. As a result, the mercury
output will be reduced from 54 tons in 2004 to 38 tons per year by
2010 and 15 tons per year by 2018. The demand for mercury monitors
is expected to rise substantially to accurately establish baseline
emission levels necessary to develop a trading market. Federal
enforceable penalties could be as high as $25,000 per day for each
excess ounce of mercury emitted and not covered through a trading
system. Thus many utilities seeking a continuous and reliable
emissions reading could consider installing two monitors on the
same stack, each costing $150,000, to save on fines. The EPA
predicts that only 31 tons of mercury will be emitted in the first
year although the allowance will be held for 38 tons thus allowing
a bank to build up early on. The EPA model predicts the price of
the first-year allowance of approximately $1450 per ounce and to
steadily increase to about $3875 per ounce in 2030 (in 1999
dollars). Safe Harbor Statement This press release contains
forward-looking statements. Actual results could differ materially
from those projected in the forward-looking statements as a result
of a number of risks and uncertainties. Statements made herein are
as of the date of this press release and should not be relied upon
as of any subsequent date. For further information, please contact:
Cemtrex Inc. URL: http://www.cemtrex.com/ Email: Aron Govil, CEO @
(516) 816-1400 This release was issued through eReleases(TM). For
more information, visit http://www.ereleases.com/. DATASOURCE:
Cemtrex Inc. CONTACT: Aron Govil, CEO, Cemtrex Inc.,
+1-516-816-1400, Email: Web Site: http://www.cemtrex.com/
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