Emission and Power Solutions Signs Letter of Intent with European Industrial Group

Emission & Power Solutions (EPS), which helps in reducing greenhouse gas emissions, announced on 1 December that it has signed a Letter of Intent with European Industrial Group that studies the market for power plants, and it also checks on the high temperature emission control.

The CEO and Chairman of Emissions & Power Solutions, Erik Ulsteen, remarked that the company will be signing a final contract in the year 2010, which will indeed project the efficiency of the technologies used by the company. It will also result in further expansion of its sensor technology in the market. The heavy equipment industry, and the diesel and automobile industry are the areas that Emissions & Power Solutions intends to expand the use of its technologies. Hence, Ulsteen concludes that the company will take on more partners to add additional revenue and reach new markets in the future years. Recently Emissions & Power Solutions started to trade under the symbol EPI and it also went public on the Borse Frankfurt.