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Aqua care in stock repurchase
Filtration Industry Analyst
FIRST ENVIRONMENTAL SPENDING GROWTH IN 7 YEARS The BTI Consulting Group’s annual survey of environmental managers shows a 6 per cent increase in environmental spending planned for 1999.
This marks the first time in sevenyearsthat US industry is increasing its environmental spending. “Industrial companies are making real headway in improving their environmental performance and finding it is reducing their costs,” observes Michael Rynowecer, president of Boston-basedBTI Consulting Group. “We also see the economy driving companies against permit limits sooner than they anticipated due to strong underlying business. This is driving more strategic spending to support businessneeds.”
EVTN’S VENEZUELAN VENTURE Enviro Voraxial Technology (EVTN) recently hosted a team of Venezuelan environmental and oil spill experts, at its Deerfield Beach facility.
The Venezuelan team viewed demonstrations of EVTN’s patented voraxial separator, which could be used to clean up an extremely toxic chemical spill in Venezuelan ocean water. During the twoday meeting, the team inspected ready to use equipment and witnessed true simulation of solid and liquid separation,set to the local hazard conditions and materials. EVTN reports that the visitors have recommended the use of its separation technology to the Venezuelan government, to clean the present spill as well as deal with other contamination problems.
November 1998
from time to time at its discretion and buy up to 280 000 shares of its common stock. The company may discontinue the programme at any time. William K Mackey, chairman and CEO, said the directors Microbar, the independent felt that this was an approprisupplier of chemical manate time becausethey believed agement systems for the the stock representedgood valglobal semiconductor indusue at its current pricing. try, has launched EnMackey said a buyback propolyChemm, a proprietary gramme had been discussed mer process enabling before. With added liquidity selective filtration of both from the sale of its Midwest dissolved and suspended Water Technologies subcontaminants for semiconsidiary, it seemedlike the right ductor manufacturers using time to initiate this prochemical mechanical plagramme, he said. narisation, fluorinated Aqua Care Systems,based chemistries or copper interin Coral Springs, Florida, connects. designs, manufactures and Microbar recently ac- sells fluid handling, filtration quired this technology from and water purification systems Environmental Chemistries, and products, and is a reseller and has since engineered for Ryko Manufacturing EnChem to address the semi- Company, the vehicle wash conductor industry’s need for a equipment manufacturer. reliable and safe water reclamation process that would SEPRAGEN LINKS reduce water consumption, UP WITH operating costs and valuable CARBERY FOOD fab footprint. According to Bruce M INGREDIENTS Juhola, Microbar’s president Sepragen Corporation has and chief executive officer, signed a definitive licensing shrinking device geometries agreement for its Sepralac@ are creating process and proProcess with Carbery Food ductivity challenges,as well as Ingredients, of Ballineen, water consumption and filtra- Ireland, a manufacturer of tion issues critical to the suc- high-end dairy-based food cess of semiconductor manu- ingredients. facturers. “Water is no longer a Under the agreement, single-pass resource, and the Carbery will have manufacturindustry need for smaller and ing and marketing rights to faster devices is introducing certain products produced additional toxic materials into from the Sepralac Process.In the production line and thus return, Sepragen will receive into wastewater streams,” not- nearly US$500 000 in license ed Juhola. and initial equipment purchase. Sepragen will also AQUA CARE IN receive on-going royalties for its technology. STOCK The patented Sepralac REPURCHASE Process extracts added value ingredients from whey, a byAqua Care Systems’ board of directors has authorised a product of cheesemanufacturstock buyback programme. ing currently used to make The repurchase pro- low-value commodity prodgramme will allow the compa- ucts. According to Sepragen’s Zahid scientist ny to enter the open market senior
MICROBAR UNVEILS WASTEWATER TREATMENT TECHNOLOGY
Mozaffar PhD, the company’s process technology “could play a particularly key role as a significant step toward the development of an infant formula that most closely approximates mother’s milk.” The Sepralac-extracted high-value ingredients are also expected to find increaseduse in healthenhancing nutraceuticals, sports and performance foods and fat-free specialtydiets.
PEERLESSMAKES PROGRESS Dallas-based Peerless Manufacturing Co, the manufacturer of separators and filters used in the petroleum, natural gas, petrochemical and electric utility industries and environmental protecequipment, has tion announced fiscal 1999 first quarter results ended 30 September 1998.
Earningswere US$199 753 or US$O.14 per share, compared with breakevenin 1998’s first quarter. Revenue for the quarter was US$9.4 million, up from US$7.2 million for the same period a year earlier. New orders for the quarter were approximately US$8.2 million, down on US$l 0.1 million a year ago.
WARMAN WINS ATP AERATOR CONTRACT In Australia, Warman International’s Separation Equipment Group is to provide eight surface aerators to Sydney Water’s Penrith sewage treatment plant in a contract worth more than A$350 000.
The sewageworks is being upgraded from trickle filter tanks to aerobic digestors, to achieve greater nitrogen and phosphorous removal from the effluent. The 37kW, 18SkW and 15kW units will be manufactured at Warman’s Artarmon headquarters.
FIRST ENVIRONMENTAL SPENDING GROWTH IN 7 YEARS The BTI Consulting Group’s annual survey of environmental managers shows a 6 per cent increase in environmental spending planned for 1999.
This marks the first time in sevenyearsthat US industry is increasing its environmental spending. “Industrial companies are making real headway in improving their environmental performance and finding it is reducing their costs,” observes Michael Rynowecer, president of Boston-basedBTI Consulting Group. “We also see the economy driving companies against permit limits sooner than they anticipated due to strong underlying business. This is driving more strategic spending to support businessneeds.”
EVTN’S VENEZUELAN VENTURE Enviro Voraxial Technology (EVTN) recently hosted a team of Venezuelan environmental and oil spill experts, at its Deerfield Beach facility.
The Venezuelan team viewed demonstrations of EVTN’s patented voraxial separator, which could be used to clean up an extremely toxic chemical spill in Venezuelan ocean water. During the twoday meeting, the team inspected ready to use equipment and witnessed true simulation of solid and liquid separation,set to the local hazard conditions and materials. EVTN reports that the visitors have recommended the use of its separation technology to the Venezuelan government, to clean the present spill as well as deal with other contamination problems.
November 1998
from time to time at its discretion and buy up to 280 000 shares of its common stock. The company may discontinue the programme at any time. William K Mackey, chairman and CEO, said the directors Microbar, the independent felt that this was an approprisupplier of chemical manate time becausethey believed agement systems for the the stock representedgood valglobal semiconductor indusue at its current pricing. try, has launched EnMackey said a buyback propolyChemm, a proprietary gramme had been discussed mer process enabling before. With added liquidity selective filtration of both from the sale of its Midwest dissolved and suspended Water Technologies subcontaminants for semiconsidiary, it seemedlike the right ductor manufacturers using time to initiate this prochemical mechanical plagramme, he said. narisation, fluorinated Aqua Care Systems,based chemistries or copper interin Coral Springs, Florida, connects. designs, manufactures and Microbar recently ac- sells fluid handling, filtration quired this technology from and water purification systems Environmental Chemistries, and products, and is a reseller and has since engineered for Ryko Manufacturing EnChem to address the semi- Company, the vehicle wash conductor industry’s need for a equipment manufacturer. reliable and safe water reclamation process that would SEPRAGEN LINKS reduce water consumption, UP WITH operating costs and valuable CARBERY FOOD fab footprint. According to Bruce M INGREDIENTS Juhola, Microbar’s president Sepragen Corporation has and chief executive officer, signed a definitive licensing shrinking device geometries agreement for its Sepralac@ are creating process and proProcess with Carbery Food ductivity challenges,as well as Ingredients, of Ballineen, water consumption and filtra- Ireland, a manufacturer of tion issues critical to the suc- high-end dairy-based food cess of semiconductor manu- ingredients. facturers. “Water is no longer a Under the agreement, single-pass resource, and the Carbery will have manufacturindustry need for smaller and ing and marketing rights to faster devices is introducing certain products produced additional toxic materials into from the Sepralac Process.In the production line and thus return, Sepragen will receive into wastewater streams,” not- nearly US$500 000 in license ed Juhola. and initial equipment purchase. Sepragen will also AQUA CARE IN receive on-going royalties for its technology. STOCK The patented Sepralac REPURCHASE Process extracts added value ingredients from whey, a byAqua Care Systems’ board of directors has authorised a product of cheesemanufacturstock buyback programme. ing currently used to make The repurchase pro- low-value commodity prodgramme will allow the compa- ucts. According to Sepragen’s Zahid scientist ny to enter the open market senior
MICROBAR UNVEILS WASTEWATER TREATMENT TECHNOLOGY
Mozaffar PhD, the company’s process technology “could play a particularly key role as a significant step toward the development of an infant formula that most closely approximates mother’s milk.” The Sepralac-extracted high-value ingredients are also expected to find increaseduse in healthenhancing nutraceuticals, sports and performance foods and fat-free specialtydiets.
PEERLESSMAKES PROGRESS Dallas-based Peerless Manufacturing Co, the manufacturer of separators and filters used in the petroleum, natural gas, petrochemical and electric utility industries and environmental protecequipment, has tion announced fiscal 1999 first quarter results ended 30 September 1998.
Earningswere US$199 753 or US$O.14 per share, compared with breakevenin 1998’s first quarter. Revenue for the quarter was US$9.4 million, up from US$7.2 million for the same period a year earlier. New orders for the quarter were approximately US$8.2 million, down on US$l 0.1 million a year ago.
WARMAN WINS ATP AERATOR CONTRACT In Australia, Warman International’s Separation Equipment Group is to provide eight surface aerators to Sydney Water’s Penrith sewage treatment plant in a contract worth more than A$350 000.
The sewageworks is being upgraded from trickle filter tanks to aerobic digestors, to achieve greater nitrogen and phosphorous removal from the effluent. The 37kW, 18SkW and 15kW units will be manufactured at Warman’s Artarmon headquarters.