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China Energy Recovery Board Member, Roger Ballentine, Discus

发布时间:2018-12-19 编辑:admin

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 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: seamah@gmail.com

Investor Relations

Jim Blackman

Tel: +1-713-256-0369

Email: jim@prfmonline.com

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