Southern States Power Co. Conducts Successful Biofueled Power Generation Demonstration; Generators Are Permitted By Air Quality Control Agency.Business Editors ONTARIO, Calif.--(BUSINESS WIRE)--Aug. 9, 2001 Southern States Power Co. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SSPC SSPC Society for Protective Coatings (formerly Steel Structures Painting Council) SSPC Steel Structures Painting Council (now Society for Protective Coatings) ) held a demonstration Wednesday in Riverside, Calif. of its standby back up power generation project for the University of California, Riverside The University of California, Riverside, commonly known as UCR or UC Riverside, is a public research university and one of ten campuses of the University of California system. (UCR (Under Color Removal) A method for reducing the amount of printing ink used. It substitutes black for gray color (equal amounts of cyan, magenta and yellow). Thus black ink is used instead of the three CMY inks. See GCR and dot gain. ) utilizing 100% biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi . Guests at the event included some of SSPC's current fuel clients, officials from the City of Riverside Public Utilities, UCR and a variety of potential customers and industry contacts. The three units were started, and invitees were able to observe the absence of visible particulate matter emissions produced by the units. C. Michael Webster, vice chancellor of administration with the University of California, Riverside, which is funding the project, commented, "We are proud to be associated with this undertaking. It is a win-win proposition for the community as well as university and we are especially impressed with how well the team of UCR, Riverside Public Utilities and Southern States Power Company worked together to bring this project to fruition." "This project serves as an example of how efficient and cost-effective energy production can be achieved using an environmentally-friendly product," commented William O. Sheaffer, vice president of marketing for SSPC. "It is critical that the company continue to educate alternative fuel clients about the advantages of biodiesel over other fuels, particularly non-renewable petroleum products. This demonstration allowed Southern States to inform our guests of the vast potential for biodiesel, not only for standby back up stationary power generation, but also for other applications such as heavy duty equipment and trucks currently using petroleum-based diesel." South Coast Air Quality Management District The South Coast Air Quality Management District (SCAQMD), formed in 1976, is the air pollution agency responsible mainly for regulating stationary sources of air pollution for most of Los Angeles, San Bernardino, Riverside County, and all of Orange county. (SCAQMD SCAQMD South Coast Air Quality Management District SCAQMD Southern California Air Quality Management District ), the largest air quality regulatory body in the United States, permitted the three 2-megawatt biofueled generators to provide standby backup electrical power to the University of California, Riverside and to feed energy to the Riverside power grid. This is the first time that SCAQMD has issued a permit authorizing stationary power generation running exclusively on 100% biodiesel. The recent deployment of diesel engines throughout California in response to power shortages in the state has caused concern for air quality officials. Biodiesel, with its lower emissions profile, can significantly reduce the amounts of carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. , carbon monoxide and particulate matter released into the air by diesel generators. The Company Southern States Power Co. is a fully reporting publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , whose core business is to develop, produce and distribute alternative fuels, particularly its OXyG Biodiesel. There are nearly 27 billion gallons of diesel consumed annually in the United States alone, and an additional volume is consumed internationally. It is the goal of the United States Department of Energy The United States Department of Energy (DOE) is a Cabinet-level department of the United States government responsible for energy policy and nuclear safety. Its purview includes the nation's nuclear weapons program, nuclear reactor production for the United States Navy, that 30% of petroleum-based motor fuel is replaced by alternative fuels by the year 2010. Southern States Power is poised to capture a significant portion of the rapidly expanding biodiesel market through an aggressive marketing plan as well as contacts in government, business and industry. An alliance with soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been farmers in the midwest can supply the company with an ample supply of soybean oil feedstock for use in production of its OXyG Biodiesel. Tightening clean air standards and growing fossil fuel costs are forcing private commercial fleets to look toward alternative fuel products. Major biodiesel initiatives have been passed at the state level across the United States. More information can be found at the company's Web site: www.sspowerco.com. Safe Harbor This news release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of 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 of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies and other factors described in the company's filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risk and uncertainties. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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