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Industrial hot water heaters  -  99% Efficient!  -  Environmentally Effective
Waste heat recovery equipment  -  1 to 3 year Payback!  -  Cost Efficient
_____________________________________________________________________________ 
Sofame NOx Reduction Patent for Steam Pump Published
Blake Equipment Group to Distribute Sofame in New England
Sofame Completes Balance Sheet Restructuring
Contacts:
 
John Gocek
President
514-523-6545 ext:200

Robert Demers
VP Sales & Marketing
514-523-6545 ext:210
robert.demers@sofame.com 
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Head Office   

Sofame Technologies Inc.
500 Alphonse D. Roy
Montreal, Quebec
H1W 3Y8
Canada
tel: 514-523-6545
fax: 514-524-6183

www.sofame.com 
 

STOCK INFO
TSX-V: SDW
USA: SFMGF

 Last Price: $0.04
 52 week High/Low:
$0.06 / $0.02

Average Daily Volume
(90 Days): 
255,064
Shares Outstanding
Basic:  141,658,652

Market Cap
Basic: $ 5.67 MM
 
Analyst Coverage 
 
SOFAME NEWS UPDATE
-
Montreal, November 26, 2010 (TSX-V: SDW)  
-
Sofame Steam Pump Patent Published  

Title: SYSTEM TO LOWER EMISSIONS AND IMPROVE

ENERGY EFFICIENCY ON FOSSIL FUELS AND

BIO-FUELS COMBUSTION SYSTEMS


Sofame has invested over $750,000 in a full scale protoype in its Montreal plant, and five years of research and trials in support of this important environmental breakthrough.  The technology applies ideally to various types of gas-fired burners found in hundreds of thousands of existing industrial boilers, and also to every fossil fuel combustion process including coal. Sofame's international application for the Sofame Steam Pump® was published by the International Bureau at the WIPO, based in Geneva, Switzerland, under the Patent Cooperation Treaty. The documentation defines the invention as a water heater system wherein the amount of water and the temperature of the air are closed-loop-controlled for reducing NOx production. 

 

One of these Sofame systems is already being installed at a major east coast university in the United States as part of a $2 million project to reduce NOx emissions and meet new emission standards coming into force in New Jersey in 2011. 

 

The Sofame Steam Pump® increases boiler efficiency by about 3% on an annual basis compared to the most common competing technology, flue gas recirculating burners, which can reduce efficiency by up to 7%.  Another effect of flue gas re-circulation is increased burner fresh air, which in many older boilers causes "flame impingement" by lengthening the flame.  Some burners using flue gas recirculation may have to be turned down as a result, which can reduce boiler capacity by over 15%.  The Steam Pump water vapor injection in the burner fresh air may reduce boiler capacity by no more than 5%.

   

Background: In hot water boilers, coal has been largely replaced by natural gas, electricity and oil as alternative fuel sources, in part because coal is a heavy pollutant. Because they are economical, the increasing demand for fired hot water heating systems as opposed to steam boilers has increased. But all fossil fuel combustion generates amongst other things NOx, which is partly responsible for environmental problems like smog, acid rain, etc.  It is well known that by humidifying the intake air of a natural gas burner, significant energy savings and NOx reduction can be achieved. However, to remain economical, such air humidifying systems are now based on the Sofame Steam Pump® principle, where energy of the exhausted flue gases is used to warm and humidify the combustion air of the burners.

 

In the state of the art, such systems apply well to natural gas, bio-mass and landfill gas burners, because of the high water content of the flue gases.  The condensate obtained from cooling down these flue gases is used to warm and humidify the intake air of a burner. The energy transfer in the recovery section is greatly enhanced by the phase change of water vapor in the flue gases from vapor to liquid, and the same principles limit the temperature during transfer of energy to the burner fresh air in the evaporator section of the Sofame Steam Pump®.

 
Blake Group to Distribute Sofame in New England 
  
Sofame welcomes Blake Group to its sales organization!
 

Blake Group is one of the largest heating system EPC firms in New England with offices in seven states at the following locations:

 

Blake Equipment Co.

(www.blakeequip.com):            

East Windsor, Connecticut;

Rutland, Vermont;

Pascoag, Rhode Island;

Geenfield, Massachusetts;

Alton, New Hampshire;

Oneonta & Pine Island; New York

 

JW Stevens Co.

(www.jwstevens.com):

Albany & Syracuse, New York

 

Northeast Mechanical

(www.nemech.com):           

Portland & Hermon, Maine;

Hooksett, New Hampshire

 

Fred Cuda, President of the Blake Group stated, "Our engineers are confident that Sofame's products will help Blake Group's industrial customers to reduce energy costs in New England, where heating requirements as well as the delivered price of natural gas are both relatively high."

 

John Gocek, President and CEO of Sofame added, "Blake Group's excellent reputation as engineers and providers of applied heating systems and power generating solutions in several states is a perfect fit for Sofame's technology.   We are particularly impressed by Blake's ability to deliver and install turn-key projects in their territory."

 

Sofame Completes Balance Sheet Restructuring 

Sofame is pleased to report that approximately $2.5 million of current liabilities have been converted to common shares.  This gesture of confidence by the company's investors and other lenders has allowed a significant improvement in the equity position of the company. The conversion price is $0.05 cents per share according to the rules of the TSX Venture Exchange, and the new shares are subject to a mandatory 4-month hold period.  As part of the first tranche of the conversion approved by the TSX in late October, 39,421,160 common share purchase warrants were issued entitling holders to acquire one additional common share of Sofame at an exercise price of $0.10 until October 25, 2012.  There are currently 141,658,652 issued and outstanding common shares of Sofame, and the scond tranche as previously announced on October 28, 2009, is expected to result in th issue of approximately 10 million additional shares plus warrants.

"Thanks to amazing support from all of its stakeholders, Sofame has put the challenges created by the recession which began in 2009 into the past," stated John Gocek, Sofame's President and CEO.  "Through a new subsidiary in the USA, Sofame Energy, we are pleased to be associated with strong new American partners for sales, equipment installation and financing."

 

Sofame has won contracts totaling $2,411,640 since April 2010. Operating expenses after nine months were cut by $1,726,914, or sixty-one percent. Two orders were completed in the fourth quarter ending September 30th 2010, and a large contract for a university in New Jersey is in production in the first quarter of fiscal 2011 ending December 31st, 2010.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of any statements herein.
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ABOUT SOFAME
SOFAME Technologies Inc. custom engineers and manufactures unique, high-efficiency direct-contact heat recovery and hot water heating systems. Sofame's products extract up to 99% of heat from flue gases depending on the application, and also from wastewater, and return the energy in the form of high temperature hot water or pre-heated make-up air. In addition to economically recovering heat from waste energy, Sofame's products also help customers to significantly reduce greenhouse gas and NOX emissions and qualify for carbon offsets and CDM credits.  Using world leading, patented green technology, Sofame serves building owners, institutional, industrial and commercial markets through a network of dedicated engineering representatives.

With over 300 systems installed to date, Sofame's customers reduce GHG emissions by 150,000 tons a year. Over the past 20 years, Sofame has enabled industry to cut its emissions by 1.8 million tons - the equivalent of taking 300,000 cars off the road for one year.