Energy Composites Corporation Delivers the First of Sixteen Tanks under $2.5 Million Chlor-Alkali Transformation Contract
December 04 2008 - 10:17AM
Business Wire
Energy Composites Corporation (OTCBB:ENCC) announced today that it
has delivered and installed a large-bore, vertically-wound
fiber-reinforced plastic tank to a large North American
manufacturer of chlorine and caustic soda. This 30-foot diameter by
43-foot high tank is the first in a series of 16 tanks that ECC is
manufacturing and will deliver over the next several months in
order to enable the transformation of manufacturing at a
significant chlor-alkali plant to the environmentally-friendly
membrane cell process. ECC fabricated the oversized tank using a
custom vertical winding apparatus that was designed and
manufactured by the Company for its own use at less than 20% of the
cost of a commercially-manufactured winder. Sam Fairchild, ECC�s
CEO, praised the creativity and innovative spirit of the Company�s
production staff, noting that �Our production team, when confronted
with the reality that delivery of a new, commercial vertical winder
would not happen in time to meet the client�s production
requirements, designed and built our own vertical winder at record
pace. Not only did the winder perform flawlessly, it produced tank
segments that we were able to assemble on the customer�s site
without adjustment. I have never seen such �zero-tolerance� results
before -- it is really quite remarkable!� Fairchild added that
�This tank was our largest in-plant vessel to date, and our new
in-house winder gives us the capability to retool quickly in order
to deliver the rest of the oversized tanks required under this
contract in advance of deadlines. We also have our horizontal
winders working overtime in order to complete the smaller tanks on
time and within budget as well.� Jamie Mancl, ECC�s President,
noted, �This and other chlor-alkali tanks are being made using
Derakane 411 and Derakane 470 vinylesters. Our use of the premium
grade Derakane 411 is particularly important since the material
contains a BPO/DMA double veil corrosion barrier that will
increase, significantly, the service life of these tanks. Our
corrosives customers depend on us to innovate in this and similar
ways across all segments � tank design, material selection and
manufacturing process -- in order to deliver lower costs, higher
functionality and shorter production cycles.� Fairchild underscored
that �This contract, and our performance to date under it, is
another example of how ECC is facilitating the clean-tech
revolution. By enabling one of our chlor-alkali customers to move
expeditiously to the membrane cell manufacturing paradigm, we are
contributing to reducing the generation of hazardous wastes such as
mercury or asbestos and reducing the amount of energy required to
manufacture chlorine. And, because of the quality of our tanks, we
also are helping to reduce, sharply, the risk that any of the
remaining byproducts will contaminate the environment.� About
Energy Composites Corporation Energy Composites Corporation
operates a world-class, automated 73,000 sq. ft. climate-controlled
manufacturing facility in Wisconsin Rapids, WI, employing advanced
composite materials to design, engineer and manufacture complex
composite structures, vessels and processing systems for a range of
clean-tech applications that include: flue gas desulfurization for
power plants, infrastructure for biofuel storage and processing,
wind energy system components, infrastructure for managing waste
water and drinking water storage, advanced municipal utilities
infrastructure, and caustic material storage and handling systems
for the petrochemical, mining and the pulp and paper industries.
ECC also provides 24/7 field service crews nationwide for
industrial retrofit, shutdown and maintenance, system installation
and repair and inspection services. For additional information
visit our website at www.energycompositescorp.com or contact Sam
Fairchild at 1-800-787-5439. Certain statements found in this press
release may constitute forward-looking statements. Forward-looking
statements are based on current expectations and include any
statement that does not directly relate to a current or historical
fact. Such statements are generally identifiable by the terminology
used, such as "anticipate," "believe," "intend," "expect," "plan,"
or other similar words. Our forward-looking statements in this
release generally relate to our expectations and beliefs with
respect to our growth and expansion activities and plans. Although
it is not possible to foresee all of the factors that may cause
actual results to differ from our forward-looking statements, such
factors include, among others, the following: (i) unforeseen
delays, costs or liabilities associated with our growth and
expansion plans; (ii) our ability to successfully remediate
internal control deficiencies; (iii) fluctuations in general
economic conditions; and (iv) those risks described from time to
time in our reports to the Securities and Exchange Commission
(including our Annual Report on Form 10-K). Investors should not
consider any list of such factors to be an exhaustive statement of
all of the risks, uncertainties or potentially inaccurate
assumptions that could cause our current expectations or beliefs to
change. Shareholders and other readers should not place undue
reliance on "forward-looking statements," as such statements speak
only as of the date of this release. We undertake no obligation to
update publicly or revise any forward-looking statements, other
than as required by law.
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