AirPol Receives Major Orders.PARSIPPANY, N.J. -- MPM MPM Multi-Processing Module (Apache) MPM Manufacturing Process Management MPM Milwaukee Public Museum MPM MMW (Millimeter Wave) Power Module MPM Master of Project Management (degree) Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MPML MPML Multimodal Presentation Markup Language MPML Minor Planet Mailing List (asteroids and comets) MPML Main Profile/Main Level MPML Modified, Perfectly Matched Layer MPML Manual of Pakistan Military Law MPML Mid-Pacific Marine Laboratory ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. AirPol, Inc., has recently received two major orders for air pollution control equipment and systems. The first order was from a major industrial company in the Southwest for a new air pollution control system. The AirPol contract, valued over $1 million, is for the design, supply, installation and startup of a Wet Electrostatic Precipitator system to clean the exhaust from a textile manufacturing process. The second order, value at $.7 million, was from a repeat customer in the South, for a wet scrubber system to be used for a thermo soil remediation project in Australia. Michael J. Luciano, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MPM, stated: "AirPol's capability in executing major projects was again recognized with the award of these important orders. The selection of AirPol for these projects not only reaffirmed AirPol's position in the marketplace but also proved the superiority of our Wet Electrostatic Precipitator and Wet Scrubber Systems over those of our competitors." MPM Technologies, Inc. is a holding company with three subsidiaries; AirPol, Inc., which design, build, install and service industrial air pollution control systems, Nupower, Inc. which is engaged in the development and marketing of Skygas, a patented waste-to-fuel technology, and MPM Mining Inc. a development and exploration company with gold an silver properties in Montana. Further information about MPM Technologies, Inc. may be obtained on the Internet at http://www.mpmtech.com. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , technological and/or other factors which are outside the control of the company. |
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