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Article: Environmental Power Corporation Updates Sales Pipeline and Projections.
- Article from:
- Business Wire
- Article date:
- March 16, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Energy Editors/Business Editors
PORTSMOUTH, N.H.--(BUSINESS WIRE)--March 16, 2004
Environmental Power Corporation (OTCBB: POWR) today announced updates to its sales pipeline and sales projections.
Environmental Power reported that its estimated sales pipeline for sales of power projects based on the proprietary anaerobic digester technology of its subsidiary, Microgy Cogeneration Systems, Inc., has been revised from $154 million to $411 million, net of backlog. Environmental Power also reported that it has revised its projections for Microgy's sales in 2004, which it currently expects to be $11 million. This figure is supported by approximately ...