Growth Strategy for Manure Energy Technology

September 9, 2003[] Environmental Power Corporation of Portsmouth, New Hampshire, revealed a growth strategy designed to achieve performance goals for fiscal 2003 through fiscal 2006. The company, which has the technology to convert manure into electricity, maintains an objective to increase its shareholder value in the renewable and alternative energy arenas, with a performance goal is to increase revenues from an estimated US$54 million in 2003 to over $200 million by 2006. Kam Tejwani, Environmental Power’s President and Chief Executive Officer, said that the important element of the company’s growth strategy is the growth of their subsidiary, Microgy Cogeneration Systems, which estimates a current market of up to $14 billion for its equipment that provides a no-cost or even profitable solution for dairy, swine and cattle waste management, especially as farmers face tightening environmental pressures.
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