CALGARY, Alberta, Sept. 24 /PRNewswire-FirstCall/ -- Alter NRG Corp. (TSX: NRG; Pink Sheets: ANRGF) ("Alter NRG" or the "Company") has expanded its activity base in North America, the United Kingdom, the European Union and Southeast Asia with further strategic partnerships and facilities being planned or engineered using the Westinghouse Plasma Corp. Plasma Technology ("Westinghouse Technology") in each region. The Westinghouse Technology which is 100% owned by Alter NRG and has been independently ranked as a leading plasma technology, is being applied for renewable and sustainable energy projects worldwide. Alter NRG is pleased to provide a strategic update in each geographic region. Currently, the Company has 16 projects in the engineering stage and over 43 proposed projects being advanced worldwide. Proposed projects are those projects that are actively being developed by customers or strategic partners and are sourcing feedstock, site selection, key contracts and other early stage development activities. Projects in the engineering phase are those projects that are further along and are actively doing engineering work using Alter NRG under a signed engineering services agreement or a broader memorandum of understanding that is being negotiated. Upon successful development, the total revenues to Alter NRG to support the 16 projects in the engineering stage would result in over $400 million in engineering, equipment and licensing revenues. These large scale energy projects face regulatory, financing and other execution challenges consistent with any large scale project development. For this reason, Alter NRG is focusing its efforts on experienced and capitalized strategic partners and customers. Nancy Laird, a director of Alter NRG comments that "Strategic alliances have given us the capacity to provide the international execution capability, which gives management the confidence to execute on a breadth of opportunities." Some of our current strategic partners and customers include Fortune 500 companies such as NRG Energy, one of the largest independent power producers in the United States; Air Products, which is a leading industrial gas company that is developing renewable energy projects; as well as leading engineering companies like UHDE Shanghai, SMS Infrastructures in India and others. Mark Montemurro, President and CEO of Alter NRG stated, "This is a very exciting time for Alter NRG as we advance activities all over the world. The Westinghouse Technology continues to be the technology of choice by experienced and large scale project developers, waste and energy companies. Alter NRG continues to be a long-term value creation opportunity as large scale energy facilities have a long development cycle. However, the sales pipeline continues to mature with near-term licensing opportunities and various projects with regulatory approval that are expecting to advance into construction as early as 2010. Alter NRG remains execution focused and will continue to work with companies that provide strategic value and also are able to execute on large scale sustainable energy projects." For a complete global breakdown of current company activities, please see the full press release at: http://www.cnxmarketlink.com/en/releases/archive/September2009/23/c8182.html, or view the Corporate Presentation at http://www.alternrg.com/. About Alter NRG Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to commercialize growth technologies through developing environmentally sustainable and economically viable alternative energy projects. The Company's objective is to further commercialize the Westinghouse Plasma technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs - including liquid fuels like diesel, and ethanol, power, and syngas. Contact: Mark Montemurro, President and Chief Executive Officer (403) 806-3877 Daniel Hay, Chief Financial Officer (403) 806-3881 Advisory Respecting Forward-Looking Statements: The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties including but not limited to: unexpected events during construction, and start-up; variations in feedstock grade; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of commodities; failure of plant, equipment or processes to operate as anticipated; delays in the completion of development or construction activities, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated July 8, 2008 available at http://www.sedar.com/ which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements. DATASOURCE: Alter Energy Corporation CONTACT: Mark Montemurro, President and Chief Executive Officer, +1-403-806-3877, or Daniel Hay, Chief Financial Officer, +1-403-806-3881, both of Alter Energy Corporation Web Site: http://www.alternrg.com/

Copyright