Catalytica Energy Systems Ships Commercial-Scale Xonon Test Modules for GE10 Gas Turbines.Business Editors/Energy Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 25, 2001 Catalytica Energy Systems, Inc. (Nasdaq:CESI CESI Centro Elettrotecnico Sperimentale Italiano (Italy) CESI Chauffe-Eau Solaire Individuel CESI Centre d'Etudes Superieures Industrielles (French) CESI Canadian Educational Standards Institute ) today announced that it has shipped its first two full-size, pre-commercial Xonon catalyst modules to GE Power Systems. These modules will undergo testing in support of commercial delivery of GE10 (11 MW) gas turbines incorporating the Company's Xonon(TM) Cool Combustion combustion, rapid chemical reaction of two or more substances with a characteristic liberation of heat and light; it is commonly called burning. The burning of a fuel (e.g., wood, coal, oil, or natural gas) in air is a familiar example of combustion. system, a breakthrough pollution prevention technology that achieves ultra-low emissions in gas turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. power generation. "Our program with GE to integrate Xonon into the GE10 is progressing nicely," stated Craig Kitchen, president 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 Catalytica Energy Systems. "This shipment constitutes an important milestone for us and signals that we are on track to deliver a unique emissions control Emissions control may refer to:
Catalytica Energy Systems has been working closely with GE Power Systems in the ongoing effort to bring Xonon-equipped GE10 gas turbines to the market. Preliminary orders for six GE10 turbines specifying Xonon as the preferred emissions control technology were announced last year. These turbines are currently on schedule to enter commercial service in the second half of 2002 at various distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or project sites. Distributed generation, or power production at the point of use, has emerged as an attractive alternative to utility generated power. On-site power generation provides a means for high-quality, reliable power while at the same time reducing reliance on expensive peak power and avoiding the need for new transmission lines. The DOE forecasts tremendous growth in distributed generation, accounting for as much as 20% of new U.S. generating capacity additions by 2010. The Company believes that Xonon offers a unique NOx control alternative that could facilitate the siting of gas turbines for distribution generation, which demands ultra-low emissions. GE Power Systems (www.gepower.com) is one of the world's leading suppliers of power generation technology, energy services and management systems with 2000 revenue of $15 billion. The business has the largest installed base of power generation equipment in the global energy industry. GE Power Systems provides equipment, service and management solutions across the power generation, oil and gas, distributed power and energy rental industries. Catalytica Energy Systems develops proprietary technologies that use catalysts to create energy solutions for essentially pollution-free, reliable power. Its first product, Xonon(TM) Cool Combustion, is a breakthrough combustion technology that achieves ultra-low emissions levels for gas turbine power production. Xonon essentially prevents pollution, particularly nitrogen oxides Noun 1. nitrogen oxide - any of several oxides of nitrogen formed by the action of nitric acid on oxidizable materials; present in car exhausts pollutant - waste matter that contaminates the water or air or soil (NOx), a primary contributor to smog, through a proprietary catalytic cat·a·lyt·ic adj. Of, involving, or acting as a catalyst: "Deregulation's catalytic power . . . is still reshaping the banking, communications, and transportation industries" Ellyn E. combustion process. Find Catalytica Energy Systems on the worldwide web at www.CatalyticaEnergy.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the incorporation of Catalytica Energy Systems' Xonon Cool Combustion system into GE10 gas turbines, the timeline for commercial availability of Xonon-equipped GE10s, the scheduled delivery of six Xonon-equipped GE10 gas turbines by Catalytica Energy Systems and GE Power Systems for distributed generation projects to enter service beginning in 2002, Xonon's ability to enable ultra-low NOx emissions, the market demand for distributed power projects, and the competitive position of Catalytica Energy Systems. Actual results could differ and such differences could be material. These statements involve risks and uncertainties, including without limitation, the risk that there may be unanticipated technical, commercial, or other factors related to the incorporation of Xonon into GE10 gas turbines, the arrangements between GE Power Systems and Catalytica Energy Systems for the supply of Xonon-equipped GE10 gas turbines, that marketing, project development, and installation timelines and regulatory review outcomes are uncertain, and that results may differ from those stated and the other risks set forth in the Catalytica Energy Systems' Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ending December 31, 2000, filed with the Securities and Exchange Commission. Catalytica Energy Systems undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release. Investors are encouraged to review Catalytica Energy Systems' Form 10-K for the year ending December 31, 2000, filed with the Securities and Exchange Commission, for additional factors that could affect Catalytica Energy Systems' future performance. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Xonon and Cool Combustion are registered trademarks of Catalytica Energy Systems, Inc., Mountain View, CA, USA. |
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