VYCON Partners with Leading Crane Manufacturer ZPMC to Market & Sell Regen Flywheel Energy Systems
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12880 Moore St.
Cerritos, CA, 90703
Press release date: November 29, 2007
LOS ANGELES, Nov. 29 -- VYCON, http://www.vyconenergy.com/, an innovator in the design and manufacture of green-tech, energy storage flywheel systems, today announced that it has begun to work with Shanghai Zhenhua Port Machinery Co., Ltd. (ZPMC). ZPMC is a major manufacturer of cranes and large steel structures in operation in 62 countries and regions spanning over 120 terminals around the world.
After several field tests conducted by VYCON on ZPMC cranes worldwide and the recent California Air Resources Board (CARB) emission reduction verification, it has been determined that VYCON's REGEN System is a viable solution providing fuel savings and lower emissions to ZPMC's growing RTG customer base. As agreed to by both parties, ZPMC will further validate the REGEN system on selected new RTG projects and will start to promote the product with their customers after achieving positive results. ZPMC has over 2000 RTG cranes in operation worldwide and is producing new cranes at a rate of approximately 300 per year.
"Port operators are actively seeking lower fuel consumption cranes to offset the rising costs of diesel fuel and to minimize emissions. Evident by their significant market share, port operators are trusting ZPMC with their new crane purchases. We at VYCON will be very pleased to become a standard option on ZPMC's products" said Tony Aoun, President and CEO of VYCON.
About VYCON VYCON is an innovator in the design and manufacturing of technologically advanced, flywheel based, energy storage systems that enable a highly reliable, cost effective and "Green" energy storage solution for a variety of applications. VYCON's products are applied in the power quality markets to provide back-up power in mission critical applications and in the energy re-cycling markets for capturing and regenerating energy in crane, electric rail and distributed generation applications. VYCON is a publically listed company on the AIM market of the London Stock Exchange and is headquartered in Orange County, CA.
For more information visit: http://www.vyconenergy.com/
About ZPMC Shanghai Zhenhua Port Machinery Co., Ltd. (ZPMC) is a world-famous manufacturer of cranes, large steel structures, off-shore heavy industries and special engineering vessels. Its main products include: quayside container cranes, rubber tyred gantry cranes (RTG), bulk-material ship loaders and unloaders, bucket-wheel stackers and reclaimers, portal cranes, floating cranes, engineering vessels and large steel bridge structures.
CONTACT: Kande Hall of Grabiner-Hall, +1-310-364-1100, ext. 106, Kande@grabinerhall.com, for VYCON