Strategic Environmental & Energy Resources, Inc. Announces New $900,000 Contract with INGENCO
Landfill Gas Electricity Developer Has Ordered Two Additional H2SPlus™ Systems with Delivery Slated for Delivery in Early 2015
GOLDEN, Colo., Nov. 6, 2014 /PRNewswire/ -- Strategic Environmental & Energy Resources, Inc. (SEER) (OTC: SENR), a provider of next-generation clean technologies, renewable fuel and waste management innovations, today announced that its wholly owned subsidiary, MV Technologies (MV), has been awarded a contract to supply two additional H2SPlus™ systems to INGENCO, a rapidly-growing pioneer in the green energy field of landfill gas electricity generation. The contract has an initial value of approximately $900,000 and represents the second contract awarded to SEER in the past 15 months with INGENCO.
John Jenkins, President of MV Technologies, said, "These two new systems were awarded as the result of INGENCO's very positive experience with our initial deployment with them at their facility in New Bern, North Carolina. It is a welcome validation of our value proposition to be awarded repeat business from a well-established leader in the field such as INGENCO."
With nearly 20 sites designed, built, and managed throughout the mid-Atlantic region, INGENCO currently operates the largest landfill gas electricity generation portfolio on the East Coast, with renewable energy facilities in Virginia, North Carolina, Maryland, Pennsylvania, and Washington, with additional projects being developed. The H2SPlus™ systems remove corrosive hydrogen sulfide from the landfill gas streams used to fuel generator sets, which have generated significant cost savings and efficiencies for INGENCO at their original H2SPlus™ deployment site.
Tom Kennedy, Chief Operating Officer of INGENCO, noted, "We are very pleased with the significant improvement in the operating performance of our generating equipment that we experienced after installing the H2SPlus System at our New Bern facility. Everything just plain ran much better, which means greater uptime and lower costs for us."
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has three wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas ("Reach").
For more information about the Company visit: www.seer-corp.com
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding the cost effectiveness, impact and ability of the Company's products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Contacts:
J. John Combs III
Chief Executive Officer
720-460-3522
Investors:
Peter Seltzberg, Managing Director
Darrow Associates
516-510-8768
[email protected]
SOURCE Strategic Environmental & Energy Resources, Inc.
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