GOLDEN, Colo., Sept. 30, 2013 /PRNewswire/ -- MV Technologies, a SEER (OTC - SENR) Company, today announced that in 2013 it has realized record revenue year-to-date, primarily from its renewable energy solution, and is continuing aggressive marketing in the biogas space. John Combs, CEO of SEER, said, "Last year MV had total revenues of approximately $1.4 million across all of its markets. In the past 12 months, it has completed or been awarded multiple projects in the landfill gas (LFG) segment alone, several of which combine to total more than $3.0 million and remove nearly 350,000 pounds of deadly hydrogen sulphide gas per year."
These projects are part of a nationwide effort to reduce harmful greenhouse gases and utilize the biogas stream as renewable energy. "Capturing market share in the rapidly growing biogas market, recently estimated by Global Industry Analysts, Inc., to be a $9.0 billion global business by 2017, is a key component of MV's growth plan and is expected to add significant value for SEER stockholders," said Combs.
MV will be exhibiting at the U.S. Environmental Protection Agency's Landfill Methane Outreach Program (LMOP) Annual Conference and Product Exposition on January 21-23, 2014, in Baltimore, MD. The LMOP conference is recognized as the premier annual event for participants in the business of recovering and converting landfill gas to beneficial use as a renewable energy resource. Combs added, "This is our second year at LMOP and it is an important part of our strategy to gain recognition of MV's proprietary products and services in the growing LFG segment of the renewable energy market."
"We expect to continue increasing MV sales and revenue by establishing that our products provide safe, reliable and highly cost-effective solutions to the challenges and regulatory pressures that developers and operators must address in their efforts to make use of this important renewable energy source," Combs concluded.
About MV Technologies:
MV designs, builds, installs and maintains patented and proprietary products that remove hydrogen sulfide (H2S) and other unwanted components from landfill gas, digesters, and other biogas sources so it can be used as clean energy for power generation and conversion to compressed natural gas.
About Strategic Environmental & Energy Resources, Inc.
Strategic Environmental & Energy Resources, Inc. is a leading provider of products and services to the renewable energy, oil and gas E&P, refining, and waste management industries. The Company has three wholly-owned operating subsidiaries: REGS, LLC, Tactical Cleaning Company, and MV Technologies, LLC; and a majority-owned subsidiary, Paragon Waste Solutions, LLC, with its proprietary and patent-pending CoronaLux™ emission and waste destruction technology.
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. Specifically, statements about demand for, and effectiveness of, the Company's products and services are forward looking statements. 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. 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.
SOURCE Strategic Environmental & Energy Resources, Inc.
Released September 30, 2013