MONTREAL, Sept. 19, 2012 /CNW Telbec/ - Sofame Technologies Inc. (TSXV:
SDW) (OTC.PK: SFMGF), has reached an agreement with SYNERGY Entech
(Shanghai) to sell industrial energy efficiency systems in the People's
Republic of China. Sofame is a leading manufacturer of environmentally
efficient and cost effective heat recovery systems for traditional
fossil-fuel fired equipment, CO2 and NOx reduction technologies, and
50,000,000 BTU/Hr DIRECT-CONTACT water heaters. SYNERGY Entech
(Shanghai) began to market Sofame's award winning water heating systems
earlier this year. Strong interest from end-users led to the
arrangement with SYNERGY. To enter the Chinese market, Sofame has
agreed to source key components of its systems in China, and will
sub-contract and oversee manufacturing of Sofame heat recovery units
for the Chinese market by qualified Chinese manufacturers.
Light fuel oil in China currently costs $1.20 per US gallon, and natural
gas costs $5.50 per Dekatherm, about double the US price. Saving energy
reduces production costs, and direct contact waste heat recovery offers
more savings than standard indirect contact heat exchangers used in
China for decades. The Chinese government considers industrial energy
efficiency a profit center, and is readily encouraging adoption of new
technologies from the West, and wider distribution of domestically
produced natural gas. The current five year plan addresses environment
and clean energy priorities by boosting non-fossil fuel use up to 11.4
percent of primary energy consumption, water consumption per unit of
value-added industrial output is to be cut by 30 percent, energy
consumption per unit of GDP is to be cut by 16 percent, and carbon
dioxide emissions per unit of GDP are to be cut by 17 percent. Sofame's
engineered products contribute to achieving all of these objectives set
by the Chinese government.
Edward Wu, Sales Director for SYNERGY stated "We are eager to bring
Sofame's proven 94-99% efficiency rates to industrial energy users
across China. SYNERGY has already developed the first opportunities to
sell Sofame systems in the People's Republic of China. By supplying
components sourced in China, a significant cost barrier is eliminated.
SYNERGY's new and existing customers will benefit from rapid deliveries
and the lowest costs."
According to John Gocek, Sofame's President and CEO, "Chinese plants,
boiler rooms, central heating and cogen stations can save fuel costs
and reduce emissions by contacting SYNERGY, which is initially focusing
on turn-key projects offering financial payback in under one year,
SYNERGY has five offices in Shanghai, Beijing, Hong Kong, Guangzhou and
two more are planned in southwest and central China. Sofame now has
representation in China, Mexico and France, in addition to nineteen
highly skilled and qualified representative firms promoting and selling
Sofame commercial, institutional, and industrial waste heat recovery
and water heating solutions across North America. www.sofame.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SOFAME TECHNOLOGIES INC.
For further information:
Sofame Technologies Inc.
President & CEO
(514) 523-6545 x200
SYNERGY Entech (Shanghai)
Tel : +86 21- 6230 0929/ 6140 5869