WORCESTER, Mass., May 31, 2012 /PRNewswire/ -- ThermoEnergy Corporation (OTCBB: TMEN) ( www.thermoenergy.com) President and CEO Cary Bullock said rising demand for clean air, clean water and food are the keys to the company's growth as it deploys its unique technology solutions in these key areas. Bullock made his remarks in an interview with CEONews.Tv, a financial news network. The interview is available at: http://www.ceonews.tv/tmen/
Bullock noted the company's turnaround milestones, including a $27 million wastewater contract with the City of New York, the elimination of $14 million in debt, and a 90 percent increase in revenues over the past year.ThermoEnergy's Ammonia Recovery Process is being deployed by the City of New York to remove ammonia/nitrogen from wastewater and recycle it into fertilizer. The technology is being marketed globally and the recycled nitrogen fertilizer will help feed a growing world population. Bullock said ThermoEnergy's zero emissions boiler system uses pressurized oxy-combustion (POXC ™) to capture CO2 from coal-fired power plant boilers for re-use or sequestration. In addition, ThermoEnergy's system eliminates unhealthy air emissions and captures water that is embedded in coal for re-use. In terms of opportunity for ThermoEnergy, Bullock pointed out that the total power generation market is more than $1 trillion. ThermoEnergy recently announced that it will collaborate on pressurized oxy-combustion projects through its newly formed company, The Unity Power Alliance. The Unity Power Alliance will partner with other power industry participants to accelerate the commercialization of pressurized oxy-combustion technology. A veteran of many years in the clean technology sector, Bullock said he is encouraged by a new generation of global management that sees the value of preserving clean and water and the inherent business opportunities.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts