Zolo, Siemens Optimizing Coal-Based Power GenerationMarch 2, 2007
Zolo Technologies and Siemens Power Generation to cooperate in the field of combustion optimization for coal-fired power plants.
BOULDER, CO /PRNewswire/ -- Siemens Power Generation (PG) and Zolo Technologies Inc., have signed a business agreement to introduce advanced combustion optimization solutions in coal-fired power plants. The solutions will reduce harmful emissions—including greenhouse gases—and will increase the efficiency of the generation process.
"The combination of the ZoloBOSS sensor system and the world-class Siemens optimization technology allow the Zolo/Siemens team to offer unique solutions to address common coal-fired operational faults. Furthermore, these solutions will enable efficiency increases and emissions reductions," said Henrik Hofvander, CEO of Zolo Technologies, Inc.
"We believe that there is a significant business opportunity for such technology solutions in the coal-fired power generation market. Zolo's sensor technology and Siemens' world-class control systems and market presence will allow the Zolo/Siemens team to address customers' needs immediately," added Dr. Rainer Speh, CTO and VP Marketing & Strategy at Siemens PG.
The common solution consists of a ZoloBOSS sensor system combined with Siemens SPPA-P3000 process optimization modules. It will be compatible both with Siemens control systems and with control systems supplied by other vendors.
About Zolo Technologies, Inc.
Zolo Technologies, Inc. is the leading supplier of high technology sensor and monitoring equipment designed to improve the efficiency and reduce harmful emissions (including greenhouse gasses) from large combustion sources such as coal-fired power plants and gas turbines. Existing customers include: TVA, PRPA, PacifiCorp, Texas NRG, Xcel Energy, Constellation, CPS Energy, and the Department of Defense.
The Power Generation Group (PG)
The Power Generation Group (PG): The Power Generation Group (PG) of Siemens AG is one of the premier companies in the international power generation sector. In fiscal 2006 (which ended September 30), Siemens PG posted sales amounting to more than EUR10 billion and received new orders totaling EUR12.5 billion. Group profit amounted to EUR782 million. On September 30, 2006, PG had a work force of approximately 36,400 worldwide. Further information is available at the company's Web site.
CONTACT: Ronald Zimmerman, Zolo Tech Media, +1-303-604-5818, email@example.com.
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