Wahlco Environmental Systems Inc

Opening what it hopes will become a major market, Wahlco Environmental Systems Inc. said Tuesday that it will provide some of its pollution reduction equipment to a large Russian electrical utility. The customer, which Wahlco would identify only as a large Russian utility in the Ural region, will pay for the test of a flue gas conditioning system for the boilers in a generating station. If the test is successful, the utility will buy one or more of the units.

Nature of business: Designs, manufactures and markets air and water pollution control equipment for the power and utility industries. Total employees: 800* Orange County employees: 120 Stock designation: Listed on NYSE as Wahlco. Ticker Symbol: WAL Friday's stock close: $13.13 Change: (up or down): -$0.

Wahlco Environmental Systems Inc. said it has completed a loan agreement with its majority shareholder that gives the maker of air pollution control equipment up to $1.6 million of additional working capital. The loan agreement with WES Acquisition Corp. extends through the end of the year and gives Wahlco the ability to draw on the funds immediately.

Santa Ana-based Wahlco Environmental Systems Inc. said it received $7 million in contracts to supply its pollution control equipment to several electric utilities. Electric Energy, a utility in Jappa, Ill., awarded Wahlco a $2-million contract to provide flue gas conditioning systems. The work is expected to begin in October. The other customers were not identified. The systems clean out smokestacks and improve the efficiency of industrial boilers.

Wahlco Environmental Systems Inc. said it has applied to have its common stock listed on the Nasdaq Bulletin Board, an unregulated electronic marketplace. The Santa Ana company's stock has been listed on the New York Stock Exchange, but trading was suspended last month because the company fell below listing requirements. The exchange said Wahlco has less than $12 million in net tangible assets available to common shares and less than $600,000 in average net income for the last three years.