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For Immediate
Release:
CLEAN AIR ENGINEERING, INC. SIGNS AGREEMENT WITH KFX INC.
SUSIDIARY TO DISTRIBUTE CONTOL & OPTIMIZATION TECHNOLOGY TO
US/CANADA AND EUROPEAN INDUSTRIAL BOILER MARKET.
Mentor, OH, September 13th, 2002 – KFx Inc.’s (Amex:
KFX - news) majority-owned subsidiary, Pegasus Technologies, Inc.,
the leading source of combustion optimization solutions for the
electric power and industrial utility industry, and Clean Air Engineering,
Inc. (CleanAir), the leading provider of air quality products and
services to the industrial market, have entered into a value-added
reseller agreement for Pegasus’ OS2003 Control and Optimization
solutions. This Agreement will result in broadening the delivery
capability for Pegasus solutions into the rapidly expanding market
of industrial boiler control and optimization.
CleanAir will offer Pegasus OS-2003 applications and solutions
for combustion control and optimization to the industrial boiler
market in North America and Europe. Pegasus products covered under
this agreement include Ultramax® (and its derivative technology or
products), and as the market needs expand, other Pegasus products
including NeuSIGHTTM, PowerPerfecterTM, OS-2003, Environmental Portfolio
LeaderTM, and SoftwareCEM®.
" We are very pleased to be working with Pegasus, whom we consider
to be the world leader in combustion control system management.
Pegasus products will provide substantial environmental and economic
benefits to our industrial clients. This Agreement furthers our
aim of delivering the highest value products and services for air
quality management," said Bill Walker, President and founder
of Clean Air Engineering.
" We at Pegasus are extremely pleased and excited entering
into this VAR agreement with CleanAir," said Gary Nicholson,
CEO of Pegasus Technologies. "Teaming with CleanAir is consistent
with Pegasus’ strategy of partnering with the best. CleanAir
has provided high quality products and services to the utility
market for several years. CleanAir now offers our complementing
technologies to provide the potential for control and optimized
performance for an even broader client base in the industrial market."
" Bringing together Pegasus’ range of products and services
with those of Clean Air Engineering puts the Pegasus-CleanAir Team
in the position of providing even more efficient services as the
industry leaders in size, technology, installed base, client results
and intellectual portfolio. Entering into this Agreement with Pegasus
will double our market size and expand the array of new technologies
we offer. We are working closely with Pegasus to aggressively apply
these powerful technologies to a broader range of combustion equipment," said
Allen Kephart, Vice President of Clean Air Engineering.
About KFx/Pegasus
KFx provides total fuel solutions for the power industry. Its patented
K-Fuel process converts low heating value coal into clean,
high-energy fuel. The KFx website address is www.kfx.com.
Pegasus Technologies, Inc., a majority-owned subsidiary of KFx,
is a leading provider of neural network based optimization and control
applications for the power generation market. The Pegasus OS-2001
suite of combustion optimization solutions enables customers to
reduce emissions and increase the efficiency of their fossil-fueled
electric generating units. Pegasus is headquartered in Mentor, OH
and also has an office in Austin, TX. The Pegasus website address
is www.pegasustec.com.
For further information on KFx, please contact Larry Chroman at
303-293-2992. For further information on Pegasus, please contact
Gary Nicholson at 440-357-7794 or Dr. Graham Bird at 281-633-2622.
About Clean Air Engineering
Clean Air Engineering is an engineering service company comprised
of a team of highly dedicated engineers, scientists, and support
staff with over 33 years experience focusing on air quality
management. Headquartered in Palatine, Illinois the company’s
other domestic and international offices are located in Pennsylvania,
Texas, and France.
Since its founding in 1972, CleanAir has an established reputation
for excellence on projects of all sizes. This reputation stems
from our focus on reliability, responsiveness, individual client
attention, and pride in our work. The strength of CleanAir’s
organization is its solid base of over 100 professionals with boiler
and air emissions testing, flue gas cleaning, engineering, regulatory,
and analytical experience.
CleanAir routinely provides a number of services to the power generation
market including:
- ASME boiler
and air heater efficiency testing
- Electrostatic
precipitator optimization
- Evaluation
of baseline emissions to evaluate reduction schemes such as low
NOx burner retrofits and process modifications
- SCR performance
testing and optimization
- Gas turbine
emissions testing
- FGD performance
guarantee testing
- Baghouse
collection efficiency
- Fabrication
of multi-point grid probes
- CEMs certification
testing
- Fuel switching
studies
- Regulatory
consulting and training
- Instrument
rental and equipment sales
For more information
about any of CleanAir’s services, go to our website at www.cleanair.com,
or contact Allen Kephart at 800-723-0362 or by email at akephart@cleanair.com.
The discussion
above contains, in addition to historical information, forward-looking
statements that include various risks and uncertainties. Such forward-looking
statements include statements regarding the Company’s expectations.
The Company’s actual results may differ materially from those
anticipated in such statements. Factors that might cause such a
difference include matters discussed in "Business Risk Factors"
at Item I and in "Management’s Discussion and Analysis
of Financial Condition and Results of Operations" at Item 7
of the Company’s Annual Report on Form 10-K/A for the year
ended December 31, 2001 and in "Management’s Discussion
and Analysis of Financial Condition and Results of Operations"
at Part I, Item 2 of the Company’s Quarterly Report on Form
10-Q for the quarter ended June 30, 2002.
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