LITTLE ROCK, Ark., Sept. 21 /PRNewswire/ -- ThermoEnergy Corporation (Pink Sheets: TMEN) a leading supplier of wastewater recovery technology and systems, today announced a strategic alliance with Contego Systems. Headquartered in Newark, NJ, Contego Systems provides complete, EPA approved, aircraft deicing services to more than 30 airline companies located at major airport hubs around the U.S.
Contego's deicing process utilizes a spray solution of glycol, an organic compound that is used in a variety of applications such as antifreeze, moisturizers, or lubricants in common household and pharmaceutical applications. Once the deicing process is completed, Contego collects the excess deicing fluid from the surface of the ground using specialized vacuum equipment. Under the new alliance with ThermoEnergy, Contego will use ThermoEnergy's CASTion® Aircraft Deicing Fluid Recovery System to recover and recycle 98-99% purity glycol from the collected fluid.
"We are extremely pleased with the opportunity to add value and sustainability to Contego's state-of-the-art aircraft deicing services in this $1 billion new potential market," said ThermoEnergy CEO, Cary Bullock. "We look forward to not only working with Contego in the aircraft deicing fluid recovery market, but also forming relationships with other top tier companies to provide our wastewater and power generation technologies to other markets. Our goal is to increase value for our shareholders and partnering with companies like Contego is a major part of our strategic plan."
ThermoEnergy's proprietary CAST (Flash Vacuum Distillation) technology is a physical-chemical process that uses temperature and reduced pressure to separate water from glycols and then separate the glycols from their additive packages. The system may be combined with other technologies, such as filters or softeners, depending on the characteristics of the waste-water.
"ThermoEnergy 's CASTion® Aircraft Deicing Fluid Recovery Systems will help Contego eliminate glycol disposal costs, recover and recycle the value of the glycol in the wastewater fluids we collect, lower the overall carbon footprint of our deicing operations, and help us continue to meet or exceed EPA regulations," said Ronald DeLucia, Partner and COO at Contego systems.
Founded in 1988, ThermoEnergy, is a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com, or www.castion.com.
About Contego Systems
Contego Systems, LLC is owned by parent company Group One, LLC. Based in Newark, NJ, Contego is in the business of proudly and responsibly providing complete deicing services for the airline industry. It was organized by individuals with more than 25 years' experience in the private and commercial airlines business. Contego's workforce of more than 750 employees provides its clients with the highest-quality services, equipment, and technology. For more information, visit www.contego.us
THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
SOURCE ThermoEnergy Corporation