Los Angeles – VYCON, the designer and manufacturer of high-speed flywheel based, environmentally friendly, energy storage systems, today announced that Xiamen Songyu Container Terminal (XSCT), has placed an order for six REGEN systems for new ZPMC RTG cranes scheduled for delivery this year. This is the first sale of a REGEN System by VYCON partner Shanghai-based, Zhenhua Port Machinery Co., Ltd. (ZPMC).
XSCT is a joint venture between A.P. Moller-Maersk (APM) and Xiamen Port Holding Group. It started with limited operations in April of 2007 and is known for utilizing the most advanced crane equipment available on the market. XSCT’s decision to fit their new crane purchase with VYCON’s REGEN system was driven by their commitment in preserving the environment by utilizing technologies that deliver proven results in reducing emission and fuel consumption reductions.
“We are very pleased to be working with ZPMC and to be supplying XSCT with the REGEN system,” said Vatche Artinian, President and CEO, VYCON. “APM is a major port operator in the shipping industry and their deployment of the REGEN System continues to confirm the benefits port operators are receiving from our technology. APM offers VYCON a significant opportunity within their worldwide port operations.”
The REGEN System is a California Air Resources Board (CARB) verified flywheel technology for emissions reduction that provides port operators with a return on investment by reducing fuel consumption.
VYCON is an innovator in the design and manufacturing of technologically advanced flywheel energy storage systems that enable a highly reliable, cost-effective and “Green” energy storage solution for a variety of applications. VYCON’s products are applied in the power quality markets to provide back-up power in mission critical applications and in the energy re-cycling markets for capturing and regenerating energy in crane, electric rail and distributed generation applications. VYCON is a publicly listed company on the AIM market of the London Stock Exchange and is headquartered in Orange County, Calif.
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