Contact Information: Contacts: Chuck Coppa CFO GreenMan Technologies 800-526-0860 Or Lyle Jensen CEO GreenMan Technologies 800-526-0860
GreenMan Technologies, Inc. Subsidiary Awarded Largest Project in Missouri to Date
Project Utilizes State's Recycled Tire and Playground Compliance Programs
| Source: GreenMan Technologies Inc.
DES MOINES, IA--(Marketwire - August 25, 2008) - GreenMan Technologies, Inc. (OTCBB : GMTI ), a
leading regional tire recycler of over 12 million scrap tires per year and
emerging leader in patented cold-cure recycled rubber molded products,
today announced its wholly owned recycled products subsidiary, Welch
Products, has been awarded a multiple site playground project in Platte
County, Missouri. The agreement was entered into by Welch's playground
division, National Safe Surfacing Initiative (NSSI).
The project is comprised of the installation of a total of four playgrounds
at two public elementary schools in the Platte County R-3 school district.
The project also includes a cooperative effort between Platte County School
District and the YMCA for installation of a new playground/fitness system
and DuroMat "Extended Life"® safety tile surfacing at the YMCA Challenger
Park which will be a major sports and recreation complex servicing Kansas
City. The installation will be overseen by the Missouri Playground
Compliance Group, a safety partnership formed between NSSI, through its
branded "National Playground Compliance Group" (NPCG), and the Missouri
School Board Association (MSBA).
The Missouri Department of Natural Resources Waste Tire Grant Program is
partially funding the project, which meets the grant requirements through
the use of value added products derived from recycled Missouri scrap tires.
For example, the playgrounds will include the combined installation of
18,000 square feet of DuroMat "Extended Life"® safety tile surfacing made
from Missouri waste tires. NSSI will provide full turnkey installation,
and certify the compliance of two NPCG playground and fitness systems. All
of the identified sites will comply with the Americans with Disabilities
Act ("ADA") accessibility mandates.
Lyle Jensen, GreenMan's President and Chief Executive Officer, stated,
"This project is an excellent example of multiple public agencies working
together to supply children with playgrounds that employ the best aspects
of recycling, green technology, safety and accessibility. We thank our
partners in this endeavor and look forward to using this project as a model
for further projects in Missouri and around the country."
About GreenMan Technologies
GreenMan Technologies pursues technological processes and unique marketing
programs to transform recycled materials into renewable fuel, alternative
energy, recycled feedstock, and innovative recycled products. Over twelve
million tires are collected and recycled annually into tire-derived fuel,
tire-derived aggregate, and crumb rubber feedstock for playground, athletic
track and field, and road surfacing. Through GreenMan's subsidiary, Welch
Products, the company develops and markets branded products and services
that provide schools and other political subdivisions viable solutions for
safety, compliance, and accessibility. To learn more about all of the
companies, please visit the following websites: www.welchproducts.com;
www.nssi-usa.com; www.playtribe.com
"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this news
release, the matters described herein contain "forward-looking" statements
that involve risk and uncertainties that may individually or collectively
impact the matters herein described, including but not limited to the
possibility that we may not be able to secure the financing necessary to
return to sustained profitability, our ability to successfully integrate
our Welch Products acquisition and realize the anticipated benefits, the
possibility that we may not realize the benefits of product acceptance,
economic, competitive, governmental, seasonal, management, technological
and/or other factors outside the control of the Company, which are detailed
from time to time in the Company's SEC reports, including the Quarterly
Report on Form 10-QSB for the fiscal period ended June 30, 2008. The
Company disclaims any intent or obligation to update these
"forward-looking" statements.