order from the City of Fairbanks to provide the Company's patented Nansulate® energy saving and asset protection coatings for five city buildings to increase energy efficiency and reduce fuel costs. The first building to be coated with Nansulate® is the Fairbanks City Hall and that application is already underway. The other buildings in the project include the Fire Department, Police Department, Department of Public Works and a fifth city building. Nanotech Energy Solutions, Inc. estimates the amount of the product for the entire project to be approximately 12,000 gallons.
"SC Holding and SEG are great partners for us as we venture into the growing Chinese market," said David Steiner, CEO of Waste Management. "We see waste as a resource, and we see international expansion of our waste-to-energy business through our subsidiary, Wheelabrator Technologies Inc, as a growth engine for us in the future. Wheelabrator's operational excellence coupled with SEG's market position and local expertise provides a strong competitive advantage. Through this joint venture, SEG can bring increased operating and technical efficiencies and solutions to the rapidly growing Chinese waste-to-energy market."