ThermoEnergy Announces Start of $750,000 Federal Climate Change Grant Program.LITTLE ROCK, Ark. -- ThermoEnergy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TMEN TMEN N,n,n',n'-Tetraethylethylenediamine ) announced the start of a $750,000 federally funded program designed to fast track development of its patented new zero air emission technology known as the ThermoEnergy Integrated Power System, or TIPS process. This project is being conducted in conjunction with the engineering research and development department of the University of Nevada University of Nevada could refer to either of the universities in the Nevada System of Higher Education:
TIPS is an advanced new power plant design that eliminates the atmospheric emissions of mercury, acid gases and particulates from fossil fuel burning power plants. In addition, TIPS captures and recovers carbon dioxide (CO2) in liquid form ready for sequestration sequestration In law, a writ authorizing a law-enforcement official to take into custody the property of a defendant in order to enforce a judgment or to preserve the property until a judgment is rendered. or beneficial reuse. With TIPS, harmful air emissions from power plants, which endanger lives and as well as the environment, will become a thing of the past. "We are pleased to be working with the University of Nevada, Reno The University of Nevada, Reno (Nevada or UNR) is a university located in Reno, Nevada, USA, and is known for its programs in agricultural research, animal biotechnology, and mining-related engineering and natural sciences. to accelerate the development and commercialization of the TIPS process," said Dennis Cossey, 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 ThermoEnergy Corporation. "Their expertise in this area adds a new dimension to the Company's internal development program and we look forward to working with them on this important and historic project." The project, which will be based on the UNR UNR University of Nevada, Reno UNR Universidad Nacional de Rosario UNR Unreal Map (a map for Unreal-engine games) UNR Ukrainian National Republic, 1918 UNR Urgent Needs Request (purchase requirements) campus in Reno, NV, officially got underway on August 10, 2005. "The University of Nevada, Reno is pleased to work with ThermoEnergy in developing the new oxy-fuel based technology for recovering energy from different sources. We are excited about the potential of the TIPS process. We thank ThermoEnergy for their financial support for students working on this project," said Mano Misra, chairman of the Engineering department. This project is the first of three separate TIPS development projects funded in the FY 2005 federal budget. Two sponsored by the US Department of Energy under its Clean Air Initiative, and the third sponsored by the US EPA Clean Air Program. The Company expects the next two projects, totaling approximately $1.8M, to commence in coming weeks. With two US patents and four foreign patents already in the company's intellectual property portfolio, TIPS is the realization of over five years of basic research and development work by Alex Fassbender, ThermoEnergy's Principal Technology Officer. According to Fassbender, "Once commercialized, TIPS could significantly impact the way the world generates electric and industrial power." About ThermoEnergy Founded in 1988, ThermoEnergy is an infrastructure technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment Industrial wastewater treatment A group of unit processes designed to separate, modify, remove, and destroy undesirable substances carried by wastewater from industrial sources. and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com. |
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