GOLDEN, Colo., Sept. 24, 2015 /PRNewswire/ -- Strategic Environmental & Energy Resources, Inc. ("SEER") (OTC:SENR) announced today that MV Technologies ("MV"), a wholly owned subsidiary of SEER, has been awarded a new order to supply a large capacity version of its proprietary H2SPlus™ System to a large landfill operator in the Northeastern United States. The order has an initial value of approximately $1.0 million and the system is designed to easily accommodate future site expansion and will generate recurring revenue from media replacement of MV's BioActive Media™ (BAM) for the life of the system that is expected to exceed 10 years.
This H2SPlus™ System, utilizing MV's proprietary highly efficient, consumable BAM™, with a capacity of 5500 standard cubic feet per minute, will serve as a critical component in the user's program to improve dramatically the efficiency of current power generating operations and address increasingly stringent emissions control limits.
John Jenkins, President of MV said, "This order demonstrates our continued success in providing cost effective solutions for landfill gas management. We are now providing continuous H2S removal across multiple, large capacity sites across the U.S. and plan to more aggressively market worldwide. This new order, in a demanding performance environment, once again corroborates the strong value proposition we bring to this growing market."
"We see the landfill gas market growing significantly nationwide and abroad and MV's share of that growth also increasing as we continue to establish our value proposition and demonstrate our superior efficiencies and performance," said J. John Combs, CEO of the company. "In addition to our aggressive growth expectations for the landfill gas, renewable energy segment, we continue to see strong positive response to our technology for application in all biogas markets, ranging from waste water treatment, to food and agricultural processing. The current MV pipeline of outstanding project proposals stands at a record high level. This order and the recurring revenue stream derived from media replacement sales is a good step forward in converting this pipeline into sustainable revenue and increasing future earnings for the benefit of our shareholders," said Combs.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. (SEER) identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has three wholly-owned operating subsidiaries: REGS, LLC; Tactical Cleaning Company, LLC; MV Technologies, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and ReaCH4biogas ("Reach").
For more information about the Company visit: www.seer-corp.com
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding the cost effectiveness, impact and ability of the Company's products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Strategic Environmental & Energy Resources (SEER)
J. John Combs III
Chief Executive Officer
Darrow Associates, Inc.
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SOURCE Strategic Environmental & Energy Resources, Inc.
Released September 24, 2015