Press Release




December 14, 2012

Green Conversion Systems (GCS) acquires the Operating Agreement for the Pinellas Energy from Waste (Waste to Energy) Facility in Tampa, Florida Green Conversion Systems (Rye, New York) has completed the acquisition of the operating contract for the largest mass burn Energy from Waste Facility in the United States.

The facility has the ability to process approximately 3,150 tons per day of Municipal Solid Waste and generates approximately 75 megawatts of electricity for sale to Progress Energy, a unit of Duke Energy Corp.

Marc McMenamin, President of GCS Energy Recovery of Pinellas Inc. and Director of Operating Division notes that many operating contracts for existing Energy from Waste facilities are coming up for renewal-creating bidding opportunities for GCS. McMenamin further stated that GCS foresees a myriad of new project development opportunities in North America.

Green Conversion Systems is a privately owned developer and now operator of energy from waste facilities in North America and the Caribbean. GCS was founded in 2008 and is the exclusive North American technology partner of Fisia Babcock (FBE), headquarter in Germany. The City of Los Angeles recently selected GCS from among thirteen competing proposers to build a commercial-scale facility. The Los Angeles review process concluded that the GCS project will "set a new standard" for environmental performance of Energy from Waste projects in North America.

For more information, contact:
Green Conversion Systems, Inc.
Tel: (914) 925-1077
Fax: (914) 925-9344