New energy saving services help energy intensive industries become green

    International energy efficiency leaders join together for programs to
    reduce energy costs, consumption and emissions. Access to energy saving
    technologies now available with no capital investment required.

    DONGUANG, China, March 27 /CNW Telbec/ - An alliance of international
leaders in energy efficiency and energy financing will launch a new energy
savings services program early next month targeting energy intensive
industries in China.
    The "Asia Energy Efficiency Alliance" (AEEA) - a consortium led by
Honeywell Building Solutions (HBS) and Asia Clean Capital Limited - will offer
an innovative Energy Saving Solutions (ESS) program which combines the
engineering and project implementation excellence of Honeywell with project
funding expertise of Asia Clean Capital. Alliance members Solar Turbines Inc.
(a Caterpillar Company) and Thermal Energy International Inc. are also
important contributors and will provide their leading equipment solutions to
the program.
    The ESS program offers state-of-the-art energy savings technologies
focusing on energy recovery, steam system efficiency, co-generation and
tri-generation solutions. Host companies participating in this program can
benefit from reduced energy costs, stable energy supply and lower emissions
resulting from the combined effects of the technology solutions. The
partnership program also features funding and project ownership which will
allow host companies to finance the program without up-front capital
    "The customer experiences significant and tangible benefits through our
joint ESS program," said Jeffrey Heung, of Honeywell Building Solutions. "The
most immediate benefit will be achieving instant energy savings while
maintaining a positive cash flow. This program also helps the customer become
more environmentally responsible as the new technologies reduce the
consumption of fossil fuels, improve environmental performance through reduced
greenhouse gases and other emissions, and provide a stable, long-term access
to green energy."
    The full details of the ESS program will be unveiled to a select group of
business executives at an invitation-only, half-day seminar on April 2, 2008
at the Sheraton Dongguan Hotel. The first launch event will focus on the pulp
and paper and textile sectors. Additional seminars are anticipated for future
dates, with each session focusing on other segments of energy-intensive
industries in China.
    Companies wishing to find out more about this event or future seminars
are welcomed to contact any of the company representatives listed below.

    Asia Energy Efficiency Alliance (AEEA)

    Honeywell Building Solutions (HBS) is the prime contractor for AEEA and
provides the solutions expertise to facilitate the energy saving technologies
of the Alliance partners. Honeywell is one of the leading multinational energy
efficiency solutions and serves China from 12 locations. To date, Honeywell
has completed or has under development over $4 Billion in facility energy
infrastructure and comprehensive energy projects worldwide.
    Financing for projects undertaken by AEEA will be provided by Asia Clean
Capital Ltd. Asia Clean Capital specializes in funding of energy enhancement
infrastructure that converts waste streams from large scale industrial
facilities into forms of green energy for essential utilities such as heating,
cooling and electricity.

    Solar Turbines Inc., of San Diego, California, is a world leading
producer of mid-range industrial gas turbines for use in power generation,
natural gas compression, and pumping systems.

    Thermal Energy International Inc., of Ottawa, Canada, is an innovative
technology company with award winning energy recovery, conservation and
bioenergy solutions which provide significant financial and environmental
benefits to customers. Thermal Energy recently established a regional office
in Guangzhou.

    NOTE TO EDITORS: Executives from the member companies of AEEA will be
available to media following the conclusion of the conference at approximately
12 p.m., at the Sheraton Dongguan Hotel, S256 Provincial Highway Houjie Town
Dongguan City. Material on the ESS program will be available for the media at
that time. The conference itself will be closed to media.
    %SEDAR: 00007994E

For further information:

For further information: Company contacts: Honeywell Building Solutions
(China), Energy Business, Jeffrey Heung, 86 139 2374 0387, Fax: 0755 2518
1219,; Asia Clean Capital, Peter Heber Percy, 852
9187 4616,; Media contact: Honeywell Building
Solutions, Energy Business, Jeffrey Heung, 86 139 2374 0387, Fax: 0755 2518

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