10-02 :: February 2010
nanotimes
31
Companies
Facts
Sindre
®
400, has been SAT-approved (Site Accep- The nomination of Dr. Buscher results from a final
tance Test) by the purchaser UniLite (previously selection of various well qualified candidates, which
Luxtaltek). were identified in a thorough search process by the
Board of Directors beginning immediately after the
January - December 2009 Fourth quarter nomination of Mr. Ziegler as interim CEO.
• Fourth quarter sales amounted to SEK7.7 M (24.3);

http://www.oerlikon.com
• Fourth quarter profits after taxes were SEK-17.5 M
(-7.3), and earnings per share before dilution were
SEK-0.03 (-0.02); P
aragon Airheater Technologies has introduced a
revolutionary new product, DuraTEC™ - Tem-
• Gross margin stood at 70% (51%); pered Enamel Coating. DuraTEC™ is a new nano-
• Cash flow before financing activities was technology tempered vitreous (porcelain) enamel
SEK-1.6 M (-2.9); coating that is applied onto the element sheets of the
• Order intake was SEK10.8 M (19.3). power plant’s regenerative airheaters. In coal-fired
power plants, regenerative airheaters increase the
January - December 2009 efficiency of the plant (i.e. reduce coal consumpti-
• Sales for the period amounted to SEK51.6 M (71.5); on) by 10% to 15%, and for every ton of coal that is
• Profits after taxes were SEK-52.1 M (-28.8) and conserved, about 2.4 tons of the greenhouse gas CO
2

earnings per share before dilution were is eliminated. The element sheets inside an airheater
SEK-0.13 (-0.09); act as a huge heat sink that is used to preheat the air
• Gross margin stood at 51% (58%); before it goes into the boiler to reduce the amount
• Cash flow before financing activities was of fuel that is required for combustion. These ele-
SEK-59,3 M (-25.9); ment sheets can easily exceed one million square
• Order intake was SEK38.9 M (104.3); feet per power plant. DuraTEC™ is highly effective
• The order stock amounted at the close of the in reducing airheater problems that are caused by
period to SEK47.0 M (63.5); the undesirable corrosive and fouling side effects of
• New share issue with preferential rights provided burning fossil fuels as well as the compounded side
about SEK74 M in cash before issue expenses and effects of operating NOx pollution control devices.
guarantee costs. This corrosion and fouling can cost a plant millions

http://www.obducat.com of dollars per year in excess fuel cost, lost production
and destructive airheater corrosion.
T
he Board of Directors of Oerlikon Group has

http://www.paragonairheater.com/duratec.htm
appointed Dr. Michael Buscher to take on the
position as CEO of the company. It is expected that
Dr. Buscher will join Oerlikon in May 2010. Mr. p
Sivida Corp. (NASDAQ: PSDV; ASX: PVA), a
drug delivery company with two of the only
Hans Ziegler will continue in his role as Delegate of three ophthalmic sustained release delivery products
the Board until Dr. Buscher is free from his previous approved by the FDA for treatment of back-of-the-
contract obligations. eye diseases, announced financial results for its