AquaCell Selected For Raytheon Project
16 11월 2005 - 5:18AM
PR Newswire (US)
RANCHO CUCAMONGA, Calif., Nov. 15 /PRNewswire-FirstCall/ --
AquaCell Technologies, Inc. (AMEX:AQA) announced today that its
Aquacell Water, Inc. subsidiary, a manufacturer of water treatment
and purification systems for municipal, industrial and commercial
applications, has been selected as a sub-contractor for a
comprehensive water treatment project for existing equipment at a
Raytheon Missile Systems facility. The Raytheon Company (NYSE) with
2004 sales of $20.2 billion, is a world leader in developing
defense technologies and converting those technologies for use in
commercial markets. Dennis Tharan, Vice President of Operations for
Aquacell Water stated, "We are thrilled to have been selected to
provide services for this Raytheon facility, which has six filters,
each operating at approximately 350-400 gallons per minute, that
require inspection and service. These rapid sand filters are the
primary filtration of ground water to supply water to a major part
of the Raytheon facility. The first filter is required to be
completed and recommissioned by mid December 2005. The remaining
five filters are budgeted for the first and second quarters of
2006." Mr. Tharan continued, "The scope of this project fits in
well with our focus to provide a broad spectrum of water treatment
equipment and services for municipal, industrial and large
commercial projects. As indicated by this project, Aquacell
continues to garner a greater recognition as a quality provider of
a variety of water treatment projects, and anticipates a continued
growth pattern in the upcoming quarters." AquaCell Technologies
recently filed to spin-off the Aquacell Water subsidiary to its
stockholders. After the filing has been declared effective by the
Securities and Exchange Commission, the Company intends to
distribute the common stock of Aquacell Water to the then holders
of record of AquaCell Technologies, and Aquacell Water will trade
as a separate public entity. About AquaCell Technologies: AquaCell,
based in Rancho Cucamonga, CA, through its Aquacell Water, Inc.
subsidiary, manufactures products for water filtration and
purification. Its products address various water treatment
applications for municipal, industrial, commercial, and
institutional applications. These applications range from providing
purified drinking water to processing water for industrial and
commercial manufacturing. Through its AquaCell Media, Inc.
operating subsidiary, the Company installs its patented
self-filling Aquacell 1000 Bottled Water Cooler Systems free of
charge into various locations, including retail establishments.
AquaCell Media retains ownership of the coolers, and revenue is
generated through the sale of targeted advertising on the band of
the cooler's permanently attached five-gallon bottle of products
and/or services pertinent to the location, similar to the concept
of billboard advertising. Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995. Certain statements in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performances or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements include, but are not limited
to, statements about: our ability to continue relationships with
customers; our ability to offer our products at competitive prices;
our ability to maintain our listing on the American Stock Exchange;
and our ability to use the most current technology for our
products. DATASOURCE: AquaCell Technologies, Inc. CONTACT: Tim
Clemensen, Rubenstein Investor Relations, +1-212-843-9337; or Karen
Laustsen, AquaCell, +1-909-987-0456 Web site:
http://www.aquacell.com/
Copyright
Aquacell (AMEX:AQA)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Aquacell (AMEX:AQA)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Aquacell Technologies (아메리카 증권거래소)의 실시간 뉴스: 최근 기사 0
More Aquacell Tech News Articles