China Energy Recovery Board Member, Roger Ballentine, Discusses Advancements in Global Energy Efficiency on RenewableEnergyWorld
24 February 2009 - 11:00PM
PR Newswire (US)
Climate change and environmental expert offers insight on how China
is leading the way toward a more energy efficient tomorrow
SHANGHAI, Feb. 24 /PRNewswire-Asia/ -- China Energy Recovery, Inc.
(OTC Bulletin Board: CGYV; ISIN: US16943V2060; "CER"), a leader in
the waste heat energy recovery sector of the industrial energy
efficiency industry, reported today that Roger Ballentine, a member
of the company's Board of Directors and President of Green
Strategies, Inc., was published this week as the author of an
article entitled, "China Offers Tips on Using Energy More
Efficiently." The article focuses on the need for energy efficiency
on a global level, and the great opportunity energy efficiency
provides entrepreneurs. The article discusses the importance for
creating that efficiency where it's needed most -- in developing
nations. It's there that the benefits can be felt as those
economies grow into new, energy efficient economies. The article
appears at http://www.renewableenergyworld.com/ as part of the
website's RE Insider column. "While some may look at the explosive
growth of energy use in China and fear its eventual impact on the
global climate, energy efficiency advocates and entrepreneurs look
at that same growth and see opportunity," writes Ballentine.
Witnessing the mounting evidence that China is developing those
opportunities into growing businesses, as in the case of China
Energy Recovery, he continues, "China��could provide a few tips on
energy efficiency and it's turning out that for the Chinese at
least, wasted energy is fast becoming an energy source." The timing
of the article falls on the heels of the recent visit to China by
U.S. Secretary of State, Hillary Clinton, who visited an energy
efficient power generation facility -- making headlines about the
importance of the US and China working closely on advanced
clean-energy technology and energy efficiency. The article also
compliments Ballentine's scheduled appearance this Thursday
(February 26) at the RETECH 2009 Conference in Las Vegas. There he
will join other industry experts discussing the topic of "Green
Companies" For more information about the RETECH Conference visit:
http://www.retech2009.com/ . Roger Ballentine Director and Chairman
of the Compensation Committee Mr. Roger Ballentine is the President
of Green Strategies Inc., a consulting company that assists clients
in the energy and environmental arena with domestic and
international public policy matters, investment guidance in the
"clean tech" marketplace, marketing and business development
strategies, a position that he has held since February 2001. Mr.
Ballentine is also a Venture Partner with Arborview Capital LLC, a
private equity firm focused on the clean technology market place, a
position he has held since May 2008. Additionally, Mr. Ballentine
serves as both a Lecturer on Law at the Harvard Law School,
teaching in the area of energy and climate policy, a position he
has held since May 2007, and as a Senior Fellow at the Progressive
Policy Institute in Washington, D.C. Prior to holding these
positions, from June 1999 to January 2001, Mr. Ballentine served
under President Clinton as Chairman of the White House Climate
Change Task Force and as Deputy Assistant to the President for
Environmental Initiatives. Prior to being named Deputy Assistant to
the President, from January 1998 to June 1999, Mr. Ballentine was
Special Assistant to the President for Legislative Affairs, where
he focused on energy and environmental issues. Mr. Ballentine is a
graduate of the University of Connecticut and Harvard Law School,
and is a member of the Connecticut, Washington, D.C. and the United
States Supreme Court bars. Mr. Ballentine currently serves on the
Board of directors of Environmental Power Corporation (a NASDAQ
listed company), Perillon Software Inc., ENpartners Corp. and on
the Advisory Boards of Stratos Renewables Corporation, Pure
Biofuels Corporation and Safe Renewables Corporation. Mr.
Ballentine is a founding Board Member of the American Council on
Renewable Energy and serves on the Board of Directors of the
Biomass Energy Resource Center and the International Fund for
China's Environment. What is Waste Heat Energy Recovery? Industrial
facilities release significant amounts of excess heat into the
atmosphere in the form of hot exhaust gases or high-pressure steam.
Energy recovery is the process of recovering vast amounts of that
wasted energy and converting it into usable heat energy or
electricity, dramatically lowering energy costs. Energy recovery
systems are also capable of capturing harmful pollutants that would
otherwise be released into the environment. It is estimated that if
energy currently wasted by all the U.S. industrial facilities could
be recovered, it could produce power equivalent to 20% of U.S.
electricity generation capacity without burning any additional
fossil fuel, and could help many industries to meet stringent
environmental regulations. About China Energy Recovery, Inc. CER is
an international leader in designing, manufacturing and installing
waste heat energy recovery systems which provide facilities with
greater energy efficiency. The company's primary focus is on the
Chinese market. CER's technology captures industrial waste energy
to produce low-cost electrical power, enabling industrial
manufacturers to reduce their energy costs, shrink their emissions
footprint, and generate sellable emissions credits. CER has
deployed its systems throughout China and in such international
markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on
numerous industries in which a rapid payback on invested capital is
achieved by its customers, including: chemical, paper
manufacturing, refining (including methanol refining), etc. CER
continues to invest in R&D and plans to build China's first
state-of-the-art energy recovery system research and fabrication
facility to allow it to meet the increased demand for its products
and services. For more information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp . Information on
CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer This press release includes
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995, as amended. All statements, other
than statements of historical fact, included in the press release
that address activities, events or developments that CER believes
or anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made
based on experience, expected future developments and other factors
that CER believes are appropriate under the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of CER and may
not materialize, including, without limitation, the efficacy and
market acceptance of CER's products and services, and CER's ability
to successfully complete orders and collect revenues therefrom.
Investors are cautioned that any such statements are not guarantees
of future performance. Actual results or developments may differ
materially from those projected in the forward-looking statements
as a result of many factors. Furthermore, CER does not intend (and
is not obligated) to update publicly any forward-looking
statements, except as required by law. The contents of this release
should be considered in conjunction with the warnings and
cautionary statements contained in CER's filings with the SEC,
including CER's Current Report on Form 8-K filed with the
Securities and Exchange Commission on April 21, 2008. For more
information, please contact: Media Sean Mahoney Tel:
+1-310-867-0670 Email: Investor Relations Jim Blackman Tel:
+1-713-256-0369 Email: DATASOURCE: China Energy Recovery, Inc.
CONTACT: Media, Sean Mahoney, +1-310-867-0670, ; or Investors, Jim
Blackman, +1-713-256-0369, , both for China Energy Recovery, Inc.
Web site: http://www.chinaenergyrecovery.com/s/Home.asp
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