Report Highlights Results of Revolutionary Mercury Remediation Technology
CHARLOTTE, N.C., Feb. 3 /PRNewswire-FirstCall/ -- CoaLogix, owned by Acorn Energy, Inc. (Nasdaq: ACFN), and EnerTech Capital, announced that a presentation titled, "Metallifix: A Novel Scrubber Additive for the Capture and Sequestration of Oxidized and Elemental Mercury" will be presented at the EUEC conference in Phoenix, AZ on February 4 at 3:50pm MST by CoaLogix's Michael Cooper PhD and Brandon Pavlish of The Energy & Environmental Research Center (EERC).
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Bill McMahon, CEO of CoaLogix stated, "Metallifix is a critical initiative of our CoalVision 360 program to help power plants reduce their environmental footprint and cost of compliance. To present the results of this customer funded trial with EERC at the most important industry environmental forum is a tremendous opportunity. We are also excited to announce the first meeting of the Mercury Users Group, a forum where power plant operators can help shape our commercialization of this technology."
John A. Moore, CEO of Acorn Energy said, "This presentation marks an early success of CoaLogix expansion beyond SCR catalyst regeneration into one of the most challenging areas of environmental compliance for power plant owners. We are excited to see our world-wide exclusive collaboration with SoluCorp bear fruit so quickly."
About EERC
The Energy & Environmental Research Center (EERC) is recognized as one of the world's leading developers of cleaner, more efficient energy and environmental technologies to protect and clean our air, water, and soil.
The EERC is a high-tech, nonprofit branch of the University of North Dakota (UND). The EERC operates like a business; conducts research, development, demonstration, and commercialization activities; and is dedicated to moving promising technologies out of the laboratory and into the commercial marketplace.
About CoaLogix
CoaLogix provides cutting edge services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix owns SCR Tech, LLC which is a leading provider of catalyst regeneration technologies and management services for selective catalytic reduction (SCR) systems used by coal-fired power plants to reduce nitrogen oxide (NOx) emissions. CoaLogix integrates leading edge technologies and a highly skilled workforce with more than 100 years of combined experience in the environmental and power generation industries to provide innovative, cost-effective SCR catalyst management and regeneration services that help our customers achieve and maintain compliance with increasingly stringent NOx regulations. Currently, coal-fired power plants in the United States contain approximately $1 billion of catalyst in their SCR systems which will need to replaced or regenerated at some point in its life cycle. CoaLogix also provides its MetalliFix(TM) technology which captures and remediates mercury emissions from coal-fired plants. For more information visit www.coalogix.com .
About Acorn Energy, Inc.
Acorn Energy, Inc. is a publicly traded holding company focused on improving the efficiency and environmental impact of the energy infrastructure, fossil fuel and nuclear industries. Our operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in CoaLogix, Comverge, Coreworx, DSIT and Gridsense. For more information visit www.acornenergy.com
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. These risks and uncertainties include (i) competition in the market for catalyst and regeneration, (ii) judicial challenges and decisions related to the Clean Air Interstate Rule, (iii) modification or replacement of the Clean Air Interstate Rule with regulations having a negative effect upon the market for catalyst and regeneration, and (iv) possible changes in other governmental regulations. For disclosure of additional risks and uncertainties which may affect CoaLogix's business and prospects and Acorn Energy's business generally, see the information under "Risk Factors" in Acorn's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K as filed with the Securities and Exchange Commission.
Contact:
Lloyd Swaringer
CoaLogix Inc.
Marketing Manager
(704) 812-4068
Julia Davis
Acorn Energy, Inc.
Marketing Manager
+1 (302) 656 1707
jdavis@acornenergy.com
