For Immediate Release


Contact:
Monica Sutton
suttonm@eetcorp.com
February 26, 2004

EET Corporation Celebrates Grand Opening and Fleetguard Agreement

Harriman, TN –Company officials from EET Corporation (www.eetcorp.com) and Fleetguard, Inc.(www.fleetguard.com) will celebrate EET’s antifreeze recycling operation Grand Opening and a collaborative agreement between the two companies with a ribbon cutting celebration on February 25 at 10 a.m. at EET’s facility in Harriman.

Fleetguard, Inc., the global filtration, exhaust, coolant and chemical specialist for diesel-powered equipment, is the first coolant/chemical supplier to offer recycled coolant in its comprehensive product line of heavy-duty antifreeze products. EET supplies Fleetguard with the high-quality recycled coolant produced using its patented and patents-pending High Efficiency Electrodialysis (HEED®) technology.

“EET’s alliance with Fleetguard is a wonderful thing,” said Louie Sferrazza, EET’s President. “Both companies are dedicated to maintaining a cleaner, healthier, and safer environment. Each company offers unique and complimentary technical and business capabilities.” Used antifreeze contains components that can be quite detrimental to the environment, including ethylene glycol, soluble salts, oil, dye, metal, and trace hydrocarbons. When contaminated with lead and benzene from vehicle engines, used antifreeze poses a danger to the environment unless it is safely recycled.

“We are very happy to be able to supply customers with the option of high-quality recycled antifreeze/coolant for their cooling system maintenance," said Marilyn Johnson, Director of Coolant Product Management for Fleetguard. "Cooling system problems contribute to 40 percent of engine failures through corrosion, damaged water pumps, or increased engine wear. Providing recycled coolant as an option is another example of Fleetguard's broad product range to meet a wide variety of customer needs."

In addition to protecting the environment, antifreeze recycling is supported by current economic conditions. Ethylene glycol, a primary ingredient in antifreeze, is becoming increasingly expensive to manufacture as prices of wholesale petroleum and natural gas rise. Industry analysts predict that this will continue as demand rises and production decreases. Federal Reserve Chairman Alan Greenspan testified to the U.S. Congress that high natural gas prices are forecast through this year.

Formerly located in Knoxville, EET moved to the former 77,000 square foot Dagger Canoe and Kayak Co. manufacturing plant in Roane County in June 2003. The state-of-the-art facility is the largest antifreeze recycling operation in the Southeast and one of the few nationwide that produces recycled antifreeze that meets Original Equipment Manufacturer (OEM) and American Society for Testing Materials (ASTM) specifications. The facility is currently capable of processing over 300,000 gallons of used antifreeze per month and was designed to be readily scaled-up to recycle over 700,000 gallons monthly, according to Sferrazza.

Fleetguard Inc. is a wholly owned business unit of Cummins Inc.(www.cummins.com) and the world's leading designer and manufacturer of heavy-duty air, fuel, hydraulic and lube filtration, chemicals and exhaust system technology products for diesel-powered equipment.

EET Corporation has provided waste management technologies and services since 1990. In 1997, it ranked as one of the fastest growing privately held company in the nation. In addition to providing antifreeze recycling services, EET provides waste management consulting services and develops, designs and manufactures liquid treatment and recycling systems for a variety of niche industrial applications at its new facility.

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