The Motley Fool Discussion Boards

Previous Page

Stocks C / Catalytica Energy Sys, Inc.


Subject:  CESI gets award from Calif Energy Commission Date:  9/25/2001  12:08 PM
Author:  JohnQuixote Number:  107 of 112

> Our latest press release crossed the wires at 5:42 a.m. PT Today,
> September 25, 2001.
> Please visit our website at:
> Megan Ravel
> Investor Relations
> 650-960-3000, ext. 6253
> MOUNTAIN VIEW, Calif. (September 25, 2001) Catalytica Energy Systems,
> Inc. (Nasdaq: CESI) announced today that the California Energy Commission
> (CEC) has released a Notification of Proposed Award of $3 million to
> Catalytica Energy Systems to help fund application of the Company's Xonon*
> Cool Combustion system to a multi-combustor gas turbine engine.
> Catalytica Energy Systems was one of three companies to receive the top
> score out of 47 proposals received by the Environmentally Preferred
> Advanced Generation Program sponsored by the CEC's Public Interest Energy
> Research (PIER) Program.
> This award will help fund a new program, which the Company expects to
> launch in the fourth quarter this year, focusing on the design and
> integration of Xonon into a small, under 15 megawatt (MW), multiple
> combustor "multi-can" gas turbine. Catalytica Energy Systems expects to
> partner with a gas turbine manufacturer who has demonstrated an interest
> in commercializing Xonon on one of its multi-can turbine models to
> participate in this effort. Successful completion of the development work
> for this program will culminate in an engine test under full-scale
> operating conditions, followed by commercialization of the Xonon-equipped
> multi-combustor gas turbine.
> "This award will enable us to further pursue and accelerate our
> application of Xonon to a broader range of gas turbine sizes and
> configurations," stated Craig Kitchen, president and CEO of Catalytica
> Energy Systems. "A great number of gas turbine models in the market
> today, from the smallest to the largest, employ a multi-can combustor
> configuration. Developing Xonon for small gas turbines with multiple
> combustors is the next logical step in our strategy to expand the
> addressable market for our product."
> Kitchen continued, "The California Energy Commission has been a long-time
> supporter of our Xonon technology. In fact, prior funding from its PIER
> Program made possible the initiation of our field demonstration of Xonon
> at Silicon Valley Power, which has successfully demonstrated ultra-low
> emissions of NOx while operating on a 1.4 MW gas turbine for over 8,000
> hours, supplying clean power to the electric utility grid. We are pleased
> that the CEC continues to value the potential of our technology and are
> gratified to have received this latest award."
> The PIER Program was created by the CEC in 1997 to conduct public interest
> energy research that seeks to improve the quality of life for California
> citizens by providing environmentally sound, safe, reliable and affordable
> energy services and products. For more information regarding the PIER
> Program and these awards, please visit the CEC's website at
> Catalytica Energy Systems designs and develops advanced products for
> more effective energy production. Its proprietary technologies include
> the use of catalysts to create solutions to ease the environmental impact
> of power generation. The Company's first product, Xonon Cool Combustion,
> is a breakthrough combustion technology that achieves ultra-low emissions
> levels for gas turbine power production. Xonon prevents the formation of
> pollution, particularly nitrogen oxides (NOx), a primary contributor to
> smog, through a proprietary catalytic combustion process. Additional
> technology development efforts include work on fuel processing for fuel
> cells, as well as adaptation of Xonon technology to micro-turbines, hybrid
> gas turbine fuel cells, and diesel applications. Find Catalytica Energy
> Systems on the Worldwide Web at
> This news release contains forward-looking statements regarding the timing
> of receipt of funding from the California Energy Commission, the
> successful development of Xonon for a gas turbine with a multiple
> combustor configuration, the timing of such development, the ability of
> Catalytica Energy Systems to partner with an OEM on this program, the
> potential for engine testing and commercialization of a Xonon-equipped
> multi-can engine, Catalytica Energy Systems' ability to broaden the
> application of its Xonon technology to a broader range of gas turbine
> sizes and configurations, the market demand for Xonon-equipped gas
> turbines, and the growth prospects for Catalytica Energy Systems'
> business. These statements are subject to risks and uncertainties that
> could cause actual results and events to differ materially from those
> expressed in the forward-looking statements. These risks and
> uncertainties include, among others: the fact that there may be
> unanticipated technical, commercial or other factors related to the
> development and application of Xonon to multi-can gas turbines, possible
> fluctuations in the demand for Catalytica Energy Systems' products,
> possible fluctuations in economic conditions affecting the markets for
> Catalytica Energy Systems' products, the risk that a market may not
> develop or be maintained for Catalytica Energy Systems' products, and that
> results may differ from those stated and the other risks set forth in the
> Catalytica Energy Systems' prospectus filed with the Securities and
> Exchange Commission on August 8, 2001. Catalytica Energy Systems
> undertakes no obligation to update any forward-looking statements to
> reflect new information, events, or circumstances occurring after the date
> of this release.
> # # # #
> Editor's Note: Xonon and Xonon Cool Combustion are registered trademarks
> of Catalytica Energy Systems, Inc. Mountain View, CA, USA
Megan Ravel
Manager, Investor Relations
Catalytica Energy Systems, Inc.
430 Ferguson Drive
Mountain View, CA 94043-5272
Tel. 650/940-6253
Fax 650/960-0127

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us