Throughout the years, Cannon has strived to meet the demands of providing quality heat recovery products at competitive prices. We have continuously upgraded our products, and developed new ones, to improve our standing in the market place. We have always been committed to providing industry-leading products in a manner that would afford a competitive edge.
Consistent with our efforts to secure our place in the boiler heat recovery market, and to continue to provide the latest in technology for that market, Cannon is proud to announce that we have secured the exclusive rights to further develop, commercialize, manufacture, and distribute a patented, Advanced Heat Recovery System. This advanced system uses Transport Membrane Condenser (TMC) technology to recover both sensible and latent heat as well as water from the exhaust stream.
This technology can be used on any clean fuel boiler to raise the efficiency to near 95% and also allows the return of clean water to the system. This upgrade can be done in stages, allowing you to reap the benefits of the savings and re-invest that money into the next stage of heat recovery. We can also adapt the technology to systems with an economizer already in place, and package it for limited space applications.
The Gas Technology Institute (GTI) holds the patents on this technology, and Cannon has obtained exclusive rights to it. It was recognized that with our current sales network of representatives, and our independent work in other industries, including but not limited to hydrogen fuel cells, gas turbines, and biomass boilers, ours would be the quickest channel to distribute this amazing technology to the greatest number of potential users.
Over the next 12 months, we will be developing this technology for commercial application to a standard range of boiler sizes. We expect to announce availability and commence training our reps by early fourth quarter, 2010, for release to the market by the end of that year. |