CALGARY, June 3 /CNW/ - Empire Industries Ltd. (TSX-V: EIL) ("Empire" or
the "Company"), a provider of steel fabrication and installation services and
specialized engineered products, today announced that one of its subsidiaries,
Tornado Technologies Inc. ("Tornado"), recently secured orders for
350 proprietary combustion equipment units with specific customers.
"This represents $5.25 million (USD) in orders that will be completed in
the second and third quarters of 2008," said Bill Rollins, President and Chief
Executive Officer of Tornado. "Our sales order backlog for the summer months,
typically our slowest period, is already significantly stronger than
A total of 650 of the units have now been ordered since the initial unit
was prototyped in March of 2007 for a major North American oil and gas
The combustion equipment units are referred to as the TEC series of
thermal oxidizers and were designed to address more stringent air quality
venting regulations being imposed by regional governments. Rather than release
raw, harmful production gases directly to the atmosphere, the TEC units
convert waste gases to carbon dioxide and water vapor through an enclosed
combustion process, resulting in a reduction in greenhouse gases of
approximately 95%. Additional sales are anticipated as other major companies
recognize the benefits of Tornado's technology in the face of similar
regulatory operating challenges.
Tornado is a wholly owned subsidiary of Empire and is an Alberta-based
designer and manufacturer of innovative industrial combustion systems, oil and
gas processing equipment and Hydro Vac trucks. Tornado's strategy is to focus
on developing cost-effective, technologically superior combustion systems and
move into new markets internationally.
About Empire Industries Ltd.
Empire Industries Ltd. is a leading, Western Canadian steel fabricator
and engineered products manufacturer. The Company owns several steel
fabrication shops and manufacturing facilities, each with longstanding track
records of success. Empire's mission is to increase shareholder value by
adding value to steel through a combination of organic growth and strategic
acquisitions. Empire's common shares are listed on the TSX Venture Exchange
under the trading symbol EIL.
This press release contains forward-looking statements, within the
meaning of applicable securities legislation, concerning Empire's business and
affairs. In certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", ""budget"",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
These forward looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking information is
provided as of the date of this press release, and Empire assumes no
obligation to update or revise them to reflect new events or circumstances,
except as may be required under applicable securities laws.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: visit our web-site at: www.empind.com or
contact: Guy Nelson, Chairman & CEO, Empire Industries Ltd., Phone: (416)
366-7977, Email: email@example.com; Trevor Heisler, Investor Relations, The
Equicom Group Inc., Phone: (416) 815-0700 x 270, Email: firstname.lastname@example.org