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BWIP HOLDING AND FERROFLUIDICS INTRODUCE NEW ENVIRONMENTAL SEALING SYSTEM THAT ELIMINATES TOXIC PUMP EMISSIONS IN REFINERIES (Product Announcement)

BWIP HOLDING AND FERROFLUIDICS INTRODUCE NEW ENVIRONMENTAL SEALING
 SYSTEM THAT ELIMINATES TOXIC PUMP EMISSIONS IN REFINERIES
 LONG BEACH, Calif., Dec. 11 /PRNewswire/ -- BWIP Holding Inc. (NASDAQ-NMS: BWIP) and Ferrofluidics Corp. (NASDAQ-NMS: FERO) announced today a revolutionary new sealing system for emissions control.
 The new sealing system, which is the result of a two-year cooperative development, effectively contains petroleum derivatives and eliminates emissions from a broad range of pumps and other rotating equipment used in the refinery, chemical and other processing industries.
 Extensive tests of the new sealing system conducted by BW/IP, Ferrofluidics and a major petroleum company under the simulated pump services conditions have resulted in less than one part per million of volatile organic compounds (VOCs) being emitted.
 "We believe this product is capable of achieving emission performance levels that will allow refinery and chemical processing companies to exceed the strictest regulations," said Al Chorney, vice president and general manager of the components division of Ferrofluidics.
 The 1990 amendments to the Clean Air Act mandate the most sweeping environmental changes ever to impact United States industry, resulting in a critical and immediate need for products that can bring existing equipment into conformance with the amendments. This new sealing system will facilitate compliance with the increasingly stringent requirements of the Clean Air Act, violations of which bear significant penalties.
 "The ability to achieve cost-effective solutions to the tighter emission requirements of new regulations is economically critical to the processing industries," added Richard Testwuide, general manager of the BW/IP Seal Division. "The new system can be retrofitted to existing pump installations, and can be utilized in the United States, Europe and wherever low VOC emissions are required."
 Field trials of this new patent-pending sealing system have already commenced and will include both major refineries and chemical processing plants.
 Ferrofluidics Corp. is an international leader in the development and application of ferrofluid technology and Ferrofluidic (R) rotary seals. The company's seal division has a long history of providing zero leakage gas and vapor seals.
 "We have set as one of our strategic priorities the application of our technology and products to solving growing environmental problems," said Dr. Ronald Moskowitz, Ferrofluidics' chief executive officer.
 The Seal Division of BW/IP is a leader in the development of low- emission mechanical seal technologies. "The exclusive marketing of this jointly developed technology extends our leadership position," according to Testwuide. BWIP Holding is the parent company of BW/IP International, a worldwide supplier of advanced-technology pump, seal and fluid control equipment and services.
 -0- 12/11/91
 /CONTACT: Dan Peoples of BWIP Holding, 213-435-3700, ext. 2307; or Patricia Hopper of Ferrofluidics, 603-883-1213/
 (BWIP FERO) CO: BWIP Holding Inc.; Ferrofluidics Corp. ST: California IN: CHM SU: PDT


CH-AL -- SD002 -- 1518 12/11/91 13:40 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Article Type:Product Announcement
Date:Dec 11, 1991
Words:461
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