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Dalian RINO Receives Initial Orders for its new Cleantech Product: The Electric and Cloth Bag Dust Catching System



DALIAN, China, Feb 19 /Xinhua-PRNewswire-FirstCall/ -- Jade Mountain Corporation (OTC Bulletin Board: JDMC), through its operating subsidiaries, including Dalian RINO Environmental Engineering Science and Technology Co., Ltd., a PRC company ("RINO"), today announced that it has recently commercialized and received initial purchase orders for a new Cleantech product which removes up to 99% of the dust from sintering iron during the production process and complements its current desulphurization equipment.

The integrated dust catching system uses electric precipators to remove part of the dust load from flue gases, followed by a bag filtration system, which together achieve dust removal rates of up to 99%. The integrated dust catching system completes the treatment of sintering flue gases begun by RINO's desulphurization equipment. Adoption of RINO's integrated dust catching system is being driven in part by China's regulatory pressure to reduce particulate emissions to as low as 30mg/cubic meter of flue gas, down from levels usually above 80mg/cubic meter. New Chinese regulations for dust content of flue gases in major cities will be comparable to those in place in the European Union. To date, RINO's integrated dust catchers have been installed in 1 steelmaker in China equating to approximately $1.1 million in total revenue, with a new $2.0 million contract being installed currently and additional contracts in the final stages of negotiations, with installations planned to begin during the second quarter of 2008. The Company anticipates the average selling price will be around US$2.0 million and the time from contract signing to final installation will equate to approximately two to three months.

"We are pleased with our development activities and the initial reception for our dust catching system," stated Mr. Dejun Zou (David), Chief Executive Officer of Dalian RINO Environmental Engineering Science and Technology Co., Ltd. "Our goal is to continue diversifying our product portfolio while leveraging government regulations to initially drive sales to our installed customer base and increasing our direct marketing efforts to gain incremental market share in the future."

About Dalian RINO Environmental Engineering Science and Technology Co., Ltd.

RINO is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward-Looking Information

This press release may contain forward-looking information about the Company, Innomind and RINO. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on October 12, 2007.

Source: Dalian RINO Environmental Engineering Science and Technology Co., Ltd.
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Keywords: Machinery
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