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NuGeneration Technologies Wins Contract with AC Transit
Contract Worth an Estimated $500k Over Five Years
STOCKTON, California, March 2004 -- NuGeneration Technologies, LLC. (NuGen) (www.nugentec.com), today announced that it has been awarded a five hundred thousand dollar plus 5-year contract with AC Transit.
STOCKTON, CA (PRWEB) June 19, 2004 -- NuGeneration Technologies, LLC. (NuGen) (http://www.nugentec.com), today announced that it has been awarded a five hundred thousand dollar plus 5-year contract. This new contract shows the vigorous growth trend of the company and the commitment of the firms partnership with the government.
The contract is for an environmentally friendly, non-toxic, non-corrosive Heavy Duty Bus Wash Soap." Which will be used for everyday cleaning and washing of both the exterior and interior of AC Transits (http://www.actransit.org) fleet of over 843 vehicles. NuGenTecs Power Wash 12 was specifically developed for applications like that of AC Transit.
VP of NuGenTec, Donato Polignone, in making the new contract win announcement also stated that the companys government contracts could potentially be the largest component of the companys revenue stream in the coming years. Mr. Polignone noted that millions of dollars are wasted by government agencies buying products that our outdated and ineffective. New chemistries have been commercialized that are both safer to use and are more cost effective to implement both from a cost per gallon and cost of ownership standpoint.
About NuGeneration Technologies: We are a global specialty chemical company with demonstrated expertise in its fundamental competencies in developing and manufacturing superior quality chemical solutions. We produce over 600 products and develop solutions for our customers based on our inherent strength in science and technology.
About Alameda-Contra Costa Transit: The AC Transit District is the third-largest public bus system in California, serving 13 cities and adjacent unincorporated areas in Alameda and Contra Costa counties. AC Transit has been serving the East Bay since 1960, taking over from the Key System and its predecessors, which carried passengers via buses, horse-drawn rail, electric streetcars, and ferries over the previous 100 years. AC Transits mission is to provide safe, convenient, courteous, and reliable transit service.
Note: This press release contains certain forward-looking statements within the meaning of the U.S. Federal securities law, including statements concerning anticipated future events and expectations that are not historical facts. The forward-looking statements in this press release are subject to substantial risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by the statements herein. Accordingly, there can be no assurance that the actual results will conform to the forward-looking statements in this press release.
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