American Alternative Energy Systems Corp. Announces Waste to Energy Rights Acquisition
August 25 2008 - 11:08AM
Marketwired
American Alternative Energy Systems Energy Corp. (PINKSHEETS: AATV)
company president Jeff Kulman announced today that the Company has
reached an agreement in principle with Waste to Energy (Canada)
Gasification Systems Inc. of Toronto, Ontario to obtain the
distribution rights to the patented Waste to Energy ("WTE")
downdraft gasifier technology for the Americas. The system was
developed in the mid 90s in the UK, and was originally designed to
produce energy from sewage sludge and other toxic organic wastes.
Please feel free to visit www.waste-to-energy.co.uk for more
details regarding this technology.
Recently the technology has been significantly upgraded so that
it can process virtually any type of municipal solid waste stream,
plus commercial and industrial wastes.
The WTE system is modular, with the biggest module capable of
processing up to one dry tonne per hour of waste. This makes it
ideal for processing small local waste streams, and in particular
sewage sludge that has already been "digested" to remove most of
the volatile organic materials. The WTE gasifier can convert sewage
sludge, especially combined with other dry wastes such as municipal
solid waste streams, to produce efficient engineered fuels for
local power and steam production.
Dr. Wayne Maddever, Chief Executive Officer of Waste to Energy
(Canada) Limited, said, "This is an exciting time in the renewable
energy business, and we feel fortunate to have teamed up with a
visionary company in American Alternative Energy Systems that
understands the huge potential of our gasifier to revolutionize the
waste to energy sector." Dr. Maddever added, "The WTE technology
represents a significant breakthrough in the way we will destroy
troublesome waste streams while producing local renewable energy.
The focus of the waste to energy sector has evolved over the past
few years away from incineration with waste heat recovery towards
very efficient, low-emission gasification systems that produce a
combustible gas, rather than simply burning the material to
generate heat to produce steam." Dr. Maddever emphasized, "This
relatively low BTU 'syngas' works extremely well with the new breed
of specialized combined heat and power ('CHP') systems and
maximizes the overall usage of the stored energy in the waste,
while minimizing the huge volumes of NOx (nitrous oxides) produced
by incineration of waste streams with free-flowing air."
As a result, Dr. Maddever contemplates a huge market for these
small, modular systems, which can be multiplexed to service all but
the largest waste processing facilities. "We at WTE Canada see an
opportunity to provide a clean, inexpensive way of converting the
most difficult and noxious waste streams into the maximum possible
amount of energy, with no impact on the environment except a
positive one."
www.aaenergysystems.com
About American Alternative Energy Systems Corp.
American Alternative Energy Systems Corp. (AAESC) is a company
focused on reducing greenhouse gas emissions and making a more
sustainable environment through renewable energy. There are three
different types of renewable energy in the market: wind, solar, and
biomass. Of the three, biomass is the most economical and can solve
other issues, making it a superior energy source.
AAESC will produce Anaerobic Digesters that will turn manure and
other bio-waste into electricity and heat. The digester will solve
the farmers' manure disposal problems, and will produce
electricity, heat, and income for the farm (the excess electricity
will be sold to the hydro grid).
AAESC's goal is to become Canada's market leader in digesters.
It plans to become the leader by offering farmers the digester at
no cost, simplifying the purchase process.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Statements in this release that are forward-looking
statements are based on current expectations and assumptions that
are subject to known and unknown risks, uncertainties, or other
factors which may cause actual results, performance, or
achievements of the company to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements. Actual results could differ
materially because of factors such as the effect of general
economic and market conditions, entry into markets with vigorous
competition, market acceptance of new products and services,
continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this
release is as of the date of this release. The company undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's
expectations.
Contact: Jeffrey Kulman President American Alternative Energy
Systems Corp www.aaenergysystems.com 940-634-1912
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