Hutchison's Yantian International Container Terminal Orders Multiple VYCON REGEN(R) Crane Energy Storage Systems.Extensive Testing Confirms Fuel Savings and Emissions Reduction LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- VYCON (http://www.vyconenergy.com), the designer and manufacturer of high-speed flywheel based, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] energy storage systems, today announced that Yantian International Container Terminal A container terminal is a facility where cargo containers are transhipped between different transport vehicles, for onward transportation. The transhipment may be between ships and land vehicles, for example trains or trucks, in which case the terminal is described as a (YICT) located in Shenzhen, China and a part of the Hutchison Wampoa Port, has agreed to buy additional units of VYCON's innovative REGEN Crane Energy Storage systems due to favorable test results. Test results conducted at YICT show that retrofitting a Rubber Tired Gantry Gantry A name for the couch or table used in a CT scan. The patient lies on the gantry while it slides into the x-ray scanner portion. Mentioned in: Computed Tomography Scans (RTG RTG abbreviation for ready to go; used in medical records. ) crane with the VYCON REGEN system and optimizing the generator can provide up to 38 percent in fuel savings. At the operational rates found at YICT of approximately 10 moves per hour, the REGEN system reduced fuel consumption by 30 percent. These results have been presented at the recent Terminal Operators Conference (TOC) Asia in Shanghai and subsequently a white paper has been released. With this documented savings in fuel, VYCON provides a compelling return on investment to port operators wishing to reduce escalating fuel costs. In addition, the REGEN system has proven to reduce emissions by up to an impressive 90 percent during the lift cycles and 35 percent during overall operation. "We are very proud that our positive test results have encouraged YICT to place new orders for the REGEN system. As we continue to demonstrate our performance and reliability, we have indication that more orders will be placed. Our goal is to supply customers with technology that will help them reduce escalating fuel costs while also meeting emissions reduction standards," said Frank DeLattre, VYCON's chief marketing officer. RTG cranes are mobile cranes designed for the movement of shipping containers once they are placed into the distribution channels from the ship. VYCON's high recycling capabilities optimize the crane's diesel generator A diesel generator is the combination of a diesel engine with an electrical generator (often called an alternator) to generate electric energy. Diesel generators are used in places without connection to the power grid or as emergency power-supply if the grid fails. operation by storing energy during lowering cycles (regeneration) and quickly releasing this regenerated energy for lift cycles. The transitions are seamless and instantaneous. The fuel savings are significant -- and so is the reduction of emissions. Hutchison Port Holdings has been using the YICT port operation to evaluate the REGEN system technology and based on these positive results will encourage their other 40 worldwide operators to implement the REGEN system in their yard. Yantian is a preferred port of call for mega-container vessels in South China. Shipping lines, including Maersk, Evergreen, Hyundai and OOCL OOCL Orient Overseas Container Line (container shipping company; Hong Kong) OOCL Object-Oriented Change and Learning method (Arthur D. Little Inc.) , have become some of YICT's major clients. A total of 35 well-known shipping lines have opened over 80 weekly shipping services at Yantian, thus establishing an extensive shipping network throughout the world. About VYCON VYCON is an innovator in the design and manufacturing of advanced, flywheel based, energy storage systems that enable a reliable, cost effective, "Green" energy storage solution for a variety of applications. VYCON's products are applied in the power quality markets to provide back-up power in mission critical applications and in the energy re-cycling markets for capturing and regenerating energy in crane, electric rail and 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 applications. VYCON is a publicly listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → on the AIM of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and is headquartered in Orange County, CA. Media inquiries: PJ Jennings Jennings and Associates Communications, Inc pj@jandacommunications.com (760) 431-7466 DISCLAIMER This announcement does not constitute, or form any part of, any offer or invitation to sell, allot al·lot tr.v. al·lot·ted, al·lot·ting, al·lots 1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame. 2. or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment for securities, which should only be made on the basis of information contained in the admission document issued in connection with the Placing. The issuance of securities in the Placing has not been and will not be registered under the applicable securities laws of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Australia or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdictions. |
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