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Thermoenergy Earns Prestigious Frost & Sullivan Award For Innovative Wastewater Treatment Technologies New York City ARP Project Selected One of the Most Innovative Water Projects of 2005 LITTLE ROCK, AR., October 19, 2005—ThermoEnergy Corporation (OTC:TMEN), an infrastructure technologies company that provides cost-effective and environmentally-responsible solutions for problems associated with industrial and municipal wastewater treatment and air emissions from power plants, today announced that Frost & Sullivan has bestowed on the company its 2005 Municipal and Industrial Wastewater Treatment Technology Innovation of the Year Award. The Award recognizes ThermoEnergy's Ammonia Recovery Process (ARP) and ThermoFuel process as having brought significant contributions to the industry in terms of adoption, change, and competitive posture. ARP is an adsorption process designed to remove and recover ammonia from a variety of waste streams. The ammonia is concentrated and converted to ammonium sulfate, a commercial grade fertilizer, and sold to agriculture markets worldwide. ARP is a dramatic improvement over traditional biological methods for ammonia removal because it requires approximately one-third of the capital investment and can be operated at up to 40 percent less. New York City's Department of Environmental Protection recently awarded ThermoEnergy a contract to design, build and operate a 500,000 gallon per day ARP system at the Bowery Bay Water Pollution Control Plant. Once operational, this facility will significantly reduce nitrogen discharge into Long Island Sound. This project was singled out by Frost & Sullivan as one of the most innovative wastewater treatment projects in their 2005 report entitled "Advances in Water Treatment Technology." ThermoFuel is an innovative renewable energy process that converts waste activated sludge into a low-moisture, high-energy fuel that meets EQ Class A standards and can be used to create power on-site or as a low-cost energy resource by local industry such as cement manufacturers, municipal solid waste incinerators and utility power plants. "ThermoEnergy is delighted that such a prestigious organization as Frost & Sullivan has recognized the impact our technology will have in the wastewater treatment industry," said Dennis Cossey, CEO of ThermoEnergy. The Award traditionally recognizes the quality and depth of a company's research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavor. ThermoEnergy has spent over 17 years and $20 million developing ARP, ThermoFuel and several other proprietary technologies that aim to offer cost-effective solutions for some of the world's most challenging environmental issues. "ThermoEnergy's innovations in wastewater treatment have significant environmental benefits while also providing cost effective and higher quality wastewater treatment. For these reasons, it is without reservation that Frost & Sullivan recognized ThermoEnergy with this Technology Innovation Award," said Miriam Nagel, Industry Analyst at Frost & Sullivan. About Frost & Sullivan Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com About ThermoEnergy ThermoEnergy Corporation is a publicly traded company established to engage in the worldwide commercialization of technically advanced, cutting-edge technologies providing cost-effective and environmentally responsible solutions for air and water pollution problems. The Company's overall business model is predicated on (i) the design, construction and operation of process facilities dedicated to the treatment of municipal and industrial wastewater, (ii) the design and fabrication of key process components relevant to its core technologies, and (iii) marketing emission credits and commodity by-products generated by its suite of renewable energy and power production technologies. Each of these technologies is more fully described on the Company's website at www.thermoenergy.com This press release includes statements that may constitute "forward looking" statements, usually containing the word "believe," "estimate," "project," "expect" or similar expressions. Forward looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the company's products and services in the marketplace, competitive factors, changes in regulatory environments and other risks detailed in the company's peridoic report filings with the securities and exchange commission. By making these forward looking statements, the company undertakes no obligation to update these statements for revisions or changes. KEY WORDS: Arkansas, New York, Wastewater Treatment, Renewable Energy |
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