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VYCON REGEN FLYWHEEL TECHNOLOGY AWARDED ETL LISTING MARK
Los Angeles – February 6, 2008 – VYCON, , the designer and manufacturer of high-speed flywheel based, environmentally friendly, energy storage systems, today announced that their REGEN System has passed product safety testing by Intertek ETL SEMKO, an independent third-party testing lab and certification agency. The ETL Listing mark is equivalent to the UL Listed mark as a symbol of having met the requirements of rigorous safety and standards testing.
As evidence of its compliance, the REGEN System will bear Intertek’s proprietary and universally accepted ETL Listed mark in the applicable markets. “We are very pleased to have received the ETL Listing, in addition to the list of other certifications showing our product to be safe, such as the UL Listed mark. We view this as another important validation of our REGEN flywheel technology,” said Tony Aoun, VYCON’s president and CEO. “This certification will give Port Operators around the world added confidence in our product as they realize the benefits of using the REGEN System on their RTG cranes.”
The ETL Listed mark comes on the heels of the REGEN System obtaining the California Air Resources Board (CARB) verification as an emission reduction technology. CARB confirmed that the REGEN system reduces diesel particulate matter (PM) emissions by 25-50% while also meeting the defined NO2 limits required to be met by January 2009. It also reduces Nitrogen Oxides (NOX) by 30% and Carbon Dioxide (CO2) by 25%. As a result, the Port of Los Angeles has agreed to fund multiple units for use in three of its terminals.
“As a relatively new entrant in this market, we have already developed a solid reputation in the industry. The cumulative effect of highly respected safety and standards verification, strategic alliances with major crane manufactures, and the ongoing validation of fuel savings in day to day operations by leading port operators, gives us substantial credibility with our flywheel technology,” continued Aoun.
About ETL SEMKO
The ETL SEMKO division of Intertek Group plc (LSE: ITRK), an international testing, inspection and certification organization, operates in 273 laboratories and 521 offices in 100 countries throughout the world. The company assesses customers’ products and commodities against a wide range of safety, regulatory, quality and performance standards and in some cases, certifies the management systems of customers. For more information, contact icenter@intertek.com or visit www.intertek-etlsemko.com.
About VYCON
VYCON is an innovator in the design and manufacturing of technologically advanced, flywheel based, energy storage systems that enable a highly reliable, cost effective and “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 applications. VYCON is a publicly listed company on the AIM market of the London Stock Exchange and is headquartered in Orange County, CA.
For more information visit: http://www.vyconenergy.com
Media inquiries: Victoria Rierdan Hurley, Grabiner/Hall, victoria@grabinerhall.com or +1-310-993-1840.
DISCLAIMER
This announcement does not constitute, or form any part of, any offer or invitation to sell, allot 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, 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. |