ENGlobal (NASDAQ: ENG), a leading provider of engineering and
related project services, and Greenline Industries, Inc., the world's
largest supplier of small-to-medium scale biodiesel production
equipment, today announced a strategic alliance to pursue opportunities
in the sustainable energy and biodiesel marketplace. This alliance will
offer the alternative energy sector with a single source for delivering
fully operational biodiesel production facilities.
ENGlobal's Construction group expects to provide Greenline with EPC and
asset management resources for Greenline's "waterless" modular biodiesel
process. Greenline's process and modular design eliminates wastewater
streams and volatile organic emissions, resulting in significant cost
savings and shorter lead time to production when compared to traditional
water/solvent based systems.
In addition to process technology and project delivery, the alliance is
expected to offer a wide range of consulting services, including site
selection, permitting assistance, business case consulting, and
long-term operations and maintenance of facilities. Greenline currently
has an installed base of 33 biodiesel processing lines located in four
countries, with an annual production capacity in excess of 250 million
gallons.
"Our partnership with Greenline, developed by our Construction group,
greatly enhances our position in this fast-growing, global marketplace,"
said William A. Coskey, P.E., Chairman and Chief Executive Officer of
ENGlobal. "Our two companies can now offer 'end-to-end' biodiesel
execution services, starting from project inception
(design/build/commission), to continuing operations and maintenance
services."
Donn Tice, Greenline's Chief Executive Officer, added, "We are excited
about this strategic alliance with ENGlobal, which provides us with a
strong and uniquely capable partner in several markets of interest. As
an example, both companies are uniquely positioned to pursue the
co-location of biodiesel production with existing refineries enabling
both logistical and economic advantages in production and distribution."
About Greenline Industries
With over 33 biodiesel processing lines in 4 countries, providing our
clients with an excess of 250 million gallons of capacity, Greenline is
the world leader of proven, EPA award-winning, waterless modular
processing technology. With offices in the USA, Brussels, Romania,
India, Argentina, and China, Greenline offers proven expertise on a
global scale. For more information, visit Greenline's Web site at www.GreenlineIndustries.com
or contact Ted Lavoie, Vice President of Strategic Development, at t.lavoie@greenlineindustries.com
or (415) 526-7600 ext. 625, or cell (415) 309-8025.
About ENGlobal
ENGlobal provides engineering, construction, automation, land and
regulatory services principally to the energy sector throughout the
United States and internationally. The Company has over 2,300 employees
in 20 offices and occupies about 500,000 square feet of office and
fabrication space. ENGlobal has been named one of the fastest growing
engineering firms in the United States and Canada by ZweigWhite in each
of the last five years. Further information about the Company and its
businesses is available at www.ENGlobal.com.
For more information on ENGlobal's capabilities in the Alternative and
Sustainable Energy Markets please contact Roy Dowd, Vice
President-Business Development, at roy.dowd@englobal.com
or (765) 832-3675, cell (661) 303-4140 or 281-335-5544.
Safe Harbor for Forward-Looking
Statements Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal securities
laws and are subject to risks and uncertainties including, but not
limited to: (1) the Company's ability to continue profitable operations
in the current economic downturn; (2) fluctuations in the price of oil;
(3) the continued strong interest in biodiesel as an alternative form of
energy; (4) the Company's ability to achieve its business strategy while
effectively managing costs and expenses; (5) the successful financial
performance of each business unit; and (6) the Company's ability to
successfully acquire and complete the projects described in this press
release as well as its other projects. Actual results and the timing of
certain events could differ materially from those projected in or
contemplated by the forward-looking statements due to a number of
factors detailed from time to time in ENGlobal's filings with the
Securities and Exchange Commission.In addition, reference is
hereby made to cautionary statements set forth in the Company's most
recent reports on Form 10-K and 10-Q, and in its other SEC filings.Also,
the information contained in this press release is subject to the risk
factors identified in the Company's most recent Form 10-K.
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Greenline Industries, Inc.
Wendy Smith, 415-526-7633
w.smith@greenlineindustries.com
or
ENGlobal
Natalie
S. Hairston, 281-878-1000
ir@englobal.com |
