Headquarters to Massachusetts ThermoEnergy Moves Corporate

ThermoEnergy Moves Corporate

Headquarters to Massachusetts

WORCESTER, Mass., Sept. 27, 2011 /PRNewswire/ -- ThermoEnergy Corporation (OTCBB:

TMEN), a diversified technologies company engaged in the municipal and industrial wastewater

treatment and power generation technologies industries, today announced that it has relocated

its corporate headquarters from Little Rock, Arkansas to the Company's existing combined

Research & Development and manufacturing facility in Worcester, Massachusetts. The Company

has maintained offices at the Worcester facility since ThermoEnergy's acquisition of CASTion

Corporation in 2007.

(Logo: )

Commenting on the move, Massachusetts Governor Deval Patrick said, "We are committed to

growing our innovation economy ¨C and creating the quality jobs that go along with it ¨C in every

corner of the Commonwealth. ThermoEnergy Corporation is a welcome addition to Worcester's

burgeoning technology cluster."

"Relocating our corporate headquarters to Worcester allows us to consolidate Senior

Management, R&D, and Manufacturing all in the same location," said Cary Bullock, Chairman

and Chief Executive Officer of ThermoEnergy. "This will enhance our ability to respond to new

project opportunities by better integrating our engineering, sales and business development

teams. Additionally, we expect to realize cost savings by consolidating our operations to a central

facility."

"It's terrific that ThermoEnergy has decided to relocate its corporate headquarters to Worcester,"

said Massachusetts Congressman, Jim McGovern. "ThermoEnergy is at the cutting edge of

clean technology. I will continue to advocate for ThermoEnergy and other businesses at the

federal level. In order to compete effectively in the 21st Century economy, we must invest in new,

green technology. Massachusetts can and should be at the forefront of that effort."

ThermoEnergy Corporation has also announced that it is in the process of acquiring an

additional 28,000 square feet of space in Worcester to support the manufacturing phase of the

company's $27 million contract with the City of New York to deploy a state-of-the-art ammonia

recovery system at the City's 26th Ward Wastewater Treatment Plant. This will result in new jobs

in Worcester.

Worcester, Massachusetts Mayor Joseph C. O'Brien commented, "We are excited that this

dynamic company has decided to move their headquarters to our great city and be part of our

growing green economy. Worcester is striving to become a model green and sustainable

community and we are grateful that ThermoEnergy will be a part of this movement here in

Worcester."

About ThermoEnergy

Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the

worldwide development, sales and commercialization of patented and/or proprietary municipal,

industrial, and agricultural wastewater treatment and recovery, as well as clean power generation

technologies. Additional information on the Company and its technologies can be found on its

website at .

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD

LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT",

"EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS

INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL

RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING

THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO

OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.

SOURCE ThermoEnergy Corporation

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download