TORONTO, ONTARIO -- (Marketwire) -- 02/14/13 -- Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE: SFC) is pleased to provide an update on the progress of its initiatives.
The Company continues to focus on the development of solutions for the production of high value co-products from waste gas, water and biomass in the ethanol, municipal and agricultural markets with its Integrated Biogas Refinery ("IBR") platform. In addition, S4CO2 has been developing its Bio-Extraction Process ("BEP") for the extraction of high value co-products from biomass, utilizing commercially available Supercritical Fluid Extraction ("SFE") technology.
Integrated Biogas Refinery and Project Development Agreement
S4CO2 will be presenting the IBR platform, which is nearing completion in New Brunswick, Canada, at the upcoming Anaerobic Digestion and Biogas Conference scheduled for May 12-15, 2013 in San Francisco. S4CO2's IBR platform integrates an anaerobic digester with its proprietary Biogas Purification and Infusion System, microalgae cultivation system and a harvesting, dewatering and oil extraction system to produce specialty algae oils targeted at the nutraceutical and pharmaceutical markets.
The Company has entered into a project development agreement ("PDA") with Complete Senergy Systems ("CSS") and College Communitaire de Nouveau Brunswick ("CCNB"). CSS is an engineering company, with expertise in Anaerobic Digesters ("AD") in Atlantic Canada, that designs, fabricates and assembles commercial systems. CCNB is an academic institution that operates the Biotechnology Scale-up Center, which provides technology validation and development services. Pursuant to the PDA, the parties will jointly design, fabricate and integrate a commercial scale IBR with a conventional plug and flow AD on a dairy farm in Grand Falls, New Brunswick.
Further, CSS has agreed to receive common shares of S4CO2 ("Shares") in respect of leased premises expenses totalling up to $100,000. During the period from January to April, 2013, S4CO2 will make monthly application to the TSXV for the issuance of the Shares, which will be issued at a minimum of $0.15 per share. The TSXV has approved for issuance, 166,667 Shares at a deemed price of $0.15 per share, representing the January 2013, $25,000 payment to CSS. The Shares issued are not subject to any hold period.
The Company is also nearing completion of the Supercritical Fluid Extraction ("SFE") based platform to extract high value co-products from biomass. The Company is currently testing BEP to extract nutraceutical co-products such as Omega 3 fatty acids and Astaxanthine from the by-products of Northern cold water shrimp processing. S4CO2 is targeting the completion of development by the spring 2013 shrimp season off the coast of Newfoundland and Labrador.
The Company's business model is to be a joint venture partner in waste-to high-value co-product projects and also sell projects on a design, build and operate basis. S4CO2 has been pursuing discussions with potential partners and customers as the Company approaches the commercialization of its IBR and BEP platforms.
Solutions4CO2 Inc. is a Canadian company that develops innovative waste-gas, water, biomass to high-value co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery and Bio-Extraction Process. The IBR integrates best in class technologies to convert various organic waste streams into high-value algae co-products. The BEP utilizes supercritical CO2 fluid extraction to extract and fractionate high-value co-products from shrimp by-products. Solution4CO2's business model allows the company to participate in joint-venture projects with partners across the waste-to-high-value co-product value chain, or sell projects on a design, build, operate and maintain basis.
This news release may contain forward-looking statements that are based on Solutions4CO2's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Manager Corporate Development
416-803-9435 extension 104
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