Carbonics Acquires Rights to Algae Bioreactor Technologies
NEW YORK, Jul 27, 2009 (BUSINESS WIRE) -- Carbonics Capital Corporation (OTC Bulletin Board: CICS) is pleased to announce that it has entered into an exclusive license with GreenShift Corporation (OTC Bulletin Board: GERS) for use of its algae bioreactor technologies in municipal and industrial applications excluding ethanol production.
GreenShift's patented and patent-pending bioreactor technologies rely on thermophillic cyanobacteria (among other organisms) to consume carbon dioxide emissions and to produce carbon-neutral products. The organisms use the available carbon dioxide in the emissions and water to grow and give off oxygen and water vapor. The organisms also absorb nitrogen oxide and sulfur dioxide. All photosynthetic organisms need a supply of carbon dioxide, light, a growth media and water with nutrients to live and grow. GreenShift's bioreactor technologies have the potential to reduce the costs and technical barriers to managing the flow resources into, through and out of the bioreactor in a compact and cost-efficient way as compared to other algae bioreactor technologies.
Carbonics' wholly-owned subsidiary, Sustainable Systems, Inc., was awarded a $375,000 grant from the Montana Department of Commerce Research and Commercialization Technology program and is pursuing additional funding to apply toward this project to move this technology forward.
"While certain engineering hurdles must be overcome, we remain excited about this technology and its applications to manage carbon dioxide emissions while creating raw material for value added products," stated Dr. Paul Miller, president and chief executive officer. In addition, Dr. Miller stated, "Our development team's assessment of the algae production state of the art suggests that this is a practical closed system technology deployable on a large scale. What is unique about this technology is that we retain a high level of control of the environmental conditions within the system and we believe we can tailor the conditions for the production of biomass-derived chemicals and other products that can have commercial values greatly exceeding fuel."
David Winsness, GreenShift's Chief Technology Officer, added that "GreenShift is exclusively focused on the commercialization needs of its patent-pending extraction technologies. While we originally acquired our bioreactor technologies with a long-term goal of developing applications capable of integrating into corn ethanol plants, these technologies have many other applications. The Carbonics team has the ability to evaluate and develop those applications, and to manage the continued evolution of our bioreactor technologies."
Under the terms of the license agreement, Carbonics will pay GreenShift ten percent of the pre-tax net income derived from the use of the technology or derived from the sale, sublicense or lease of technology related equipment. In addition, while GreenShift shall retain ownership of all improvements that Carbonics may develop, and the right to use any such improvements in GreenShift's ethanol applications, Carbonics shall retain the right to use those improvements under the license agreement.
About Carbonics Capital Corporation
Carbonics Capital Corporation (OTCBB: CICS) was founded to facilitate decarbonization in ways that cost-effectively capitalize on the evolving carbon markets.
-------------------- Rely on Charts not luck. Posts: 407 | From: NewYork, NY | Registered: Dec 2008
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-Stochastic is bullish (oversold).. -Average volume is in up momentum.. -Sar and Bolinger is at bullish crossing.. -Current Price is climbing from below lower bolinger. -50 day average is at SAR.. -RSI and MACD is bullish.. -Overall stock has reliable volume pattern.
I like the chart.
I expect breakout move anytime..
-------------------- Rely on Charts not luck. Posts: 407 | From: NewYork, NY | Registered: Dec 2008
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quote:Originally posted by ChartWiz11: Based on chart...
-Stochastic is bullish (oversold).. -Average volume is in up momentum.. -Sar and Bolinger is at bullish crossing.. -Current Price is climbing from below lower bolinger. -50 day average is at SAR.. -RSI and MACD is bullish.. -Overall stock has reliable volume pattern.
Penny stocks are now bullish in this market followed by bullish market and economy.. There are less dilutions these days, and there are less naked short selling going on.. We might be into new penny market trend after all that short sell mess. Plus SEC introduces new short selling regulations recently.
Let's hope every penny stocks get back to their higher levels.
-------------------- Rely on Charts not luck. Posts: 407 | From: NewYork, NY | Registered: Dec 2008
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OT: Chart - what's up with CPSZ? Ran back up to .025 (I was up about $60 for a few minutes!) a couple of weeks ago and right back down below .01 again??
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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quote:Originally posted by Love the Market: OT: Chart - what's up with CPSZ? Ran back up to .025 (I was up about $60 for a few minutes!) a couple of weeks ago and right back down below .01 again??
Just exit that with a loss and buy this one.. You'll get your money back. Don't be afraid. Always move to stocks that is about to move.
-------------------- Rely on Charts not luck. Posts: 407 | From: NewYork, NY | Registered: Dec 2008
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Penny stocks are now bullish in this market followed by bullish market and economy.. There are less dilutions these days, and there are less naked short selling going on.. We might be into new penny market trend after all that short sell mess. Plus SEC introduces new short selling regulations recently.
Let's hope every penny stocks get back to their higher levels.
Only thing of caution here is the increase in shares from 500mil to 10Bil. I agree it can be played for some nice green.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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WOW - I'm up $60! LOL (But if I stayed in BONU yesterday - Ewwwwwwww - would be up another $2K - would have helped even out a LOT of losses).MAYBE this one will help quick too!
Hope you all get yours too.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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quote:Originally posted by Love the Market: WOW - I'm up $60! LOL (But if I stayed in BONU yesterday - Ewwwwwwww - would be up another $2K - would have helped even out a LOT of losses).MAYBE this one will help quick too!
Hope you all get yours too.
You will be happy with this
.0035 anytime..
-------------------- Rely on Charts not luck. Posts: 407 | From: NewYork, NY | Registered: Dec 2008
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Hope you're right! Are you still in CPSZ? I don't have enought to make it worth while to sell.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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Chart, what happened?? will this come back on Monday or what???? what do those charts say now.. tx Fiona
Posts: 68 | From: SEATTLE | Registered: Jul 2009
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