Three
U.S. Companies Receive Environmental Techonology Fund Grants to Compete
in Asian Environmental Markets
WASHINGTON, DC, July 29, 1999�Three
U.S. companies were awarded federal grants today to better compete in
the Asian environmental technology market. The grants assist small- to
medium-sized businesses�less than $50 million annual revenue�in
undertaking projects involving pollution prevention and control, clean
technology and energy efficiency. The companies receiving the grants are
Aqua-Aerobic Systems, Inc.�The Rockford, Illinois-based firm
internationally manufactures equipment and processes used in the
biological treatment of wastewater. The firm will utilize the grant to
market its products in the Republic of Korea beginning August 1, 1999.
The Antaeus Group�The Hunt Valley, Maryland-based firm
manufactures infectious medical waste treatment products. The firm will
utilize the grant to market its products in Thailand beginning August 1,
1999.
Clean Earth Technology, Inc.�The North Ferrisburgh, Vermont-based
company develops, manufactures and sells its own line of products of
groundwater remediation equipment. The firm will utilize the grant to
market its products in Taiwan, Thailand and Malaysia beginning September
1, 1999.
The Environmental Technology Fund, administered by NASDA under
sponsorship of US-AEP, provides matching funds of up to $20,000 to
generate business relationships that foster Asian and American economic
development and help address the environmental challenges facing Asia.
In six years of operation, the program has facilitated over 300 projects
resulting in over $350 million in export sales of U.S. environmental
products and technologies.
NASDA is a private, nonprofit trade association whose members include
the cabinet-level economic development officials from state governments
across the United States. NASDA was formed in 1946 to provide a forum
for state economic development officials to exchange information,
compare programs and establish an organizational base from which to
approach the federal government concerning issues of mutual interest.
Launched as a presidential initiative in 1992, US-AEP is a
public-private, interagency program led by the United States Agency for
International Development and utilizes expertise from the U.S.
Department of Commerce and the U.S. Environmental Protection Agency. The
program�s goal is to promote a "clean revolution" by the development and
adoption of less-polluting and more-resource-efficient products,
processes, and services in the Asian region. The program fosters
environmentally sound economic growth in Asia by mobilizing American
technologies, services, and experience, and promoting activities in one
or more of four main component groups: Clean Technology and
Environmental Management, Technology Transfer, Policy and Urban.
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