VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/23/13 -- LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that it has entered into a joint venture with Sunthenoil LLC. The joint venture plans to develop a 1,000 acre Algae to Oil Project located on LCTI real estate assets. The joint venture intends to utilize a technology as sub-licensed through Sunthenoil LLC from SunEco Energy of California. Benefits of the development include the fact that production of oil from algae: is renewable, is carbon neutral, makes a positive contribution to the food supply through the use of non-agricultural land and the production of livestock feed supplement, and can be integrated into the existing transportation infrastructure. When complete, the project is expected to produce approximately 33 million gallons +/- of biodiesel and 30 million gallons +/- of animal feedstock supplement annually.
The biodiesel produced using the proprietary process has been used successfully in multiple vehicles including on-road and dyno tests by a major trucking company and diesel fuel consumer. Additionally, a valuable by-product of the process is a high-protein, fatty biomass product useable as a livestock feed supplement which has been successfully tested in preliminary tests of cattle with tests administered by a noted bovine specialist at UC Davis.
"We believe this investment represents a significant opportunity to produce clean, renewable energy, in combination with a natural livestock feed supplement. This transaction represents another example of how LCTI management continues to execute its business model by leveraging it's a small portion of the company's real estate assets to secure interests in clean-tech projects and joint ventures", stated LCTI CEO Bryan S. Jarnagin.
About Low Carbon Technologies International, Inc. -
This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results - all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology.
These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
You should independently investigate and fully understand all risks before making investment decisions.
Investor Relations: Team LCTI
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