PROVIDENCE, R.I., Sept. 2, 2011 /PRNewswire/ -- HDS International
Corp. (OTCQB: HDSI), a provider of industrial ocean-based
biomass production and other high-value eco-sustainability
solutions, today announced that it has added new technologies to
its intellectual property portfolio relating to carbon
sequestration and algae-to-energy systems.
The technologies, acquired under an exclusive license agreement
from Hillwinds Energy Development Corp., relate to the
reutilization of carbon dioxide from emissions using certain
genetically modified algae as an active agent in a biological
reactor to reduce carbon dioxide emissions produced during
combustion by converting them into methane. The resulting
methane can be used as fuel and burned in the same combustion
chamber that produced carbon dioxide, adding energy back to the
production cycle and decreasing the consumption of primary fuel.
The method combines a natural system (algae biomass as a
bioreactor) with an industrial component (combustion). Since
the genetically modified algae used in this process can convert
carbon dioxide into methane for energy repeatedly in a closed loop
system, the method eliminates the costly procedure of processing
biomass for future usage. This significantly increases energy
efficiency of the biomass while decreasing expenses. Overall,
the method can significantly decrease the atmospheric release of
carbon dioxide in an energy-generating system by sequestering
carbon and utilizing it to produce methane as fuel in the
production cycle.
Tassos D. Recachinas, HDS' President and CEO added, "Today's
announcement significantly strengthens HDS' product offering and
dramatically expands the scope of our technological capabilities
and portfolio of eco-solutions. The novel applications we
foresee from today's new technologies broaden our reach to an
entirely new set of carbon emitters and energy users, while
simultaneously showcasing the strength of our intellectual capital
and competitive advantages."
Hillwinds Energy Development Corporation (HEDC) is the licensor
of certain other technologies of the Company, under the same
licensed territory covered under today's announcement. HEDC
is indirectly a beneficial owner of the majority of the Company's
fully diluted common stock and is controlled by the Company's
officers. The consideration paid for receipt of the assets
announced today was deemed immaterial, and the Company believes
that the financial terms of today's transaction are exceptionally
favorable to HDS and all of its shareholders.
About HDS International Corp.
HDS International Corp. (OTCQB: HDSI), based in
Providence, RI, is a green
technology company providing carbon capture and sequestration
solutions, as well as industrial, all natural ocean-based algae
farming solutions for the production of renewable, sustainable, and
economically viable biofuels, bioproducts, and carbon elimination.
Our licensed technologies provide us with an attractive strategic
position and competitive advantages within our markets, which
include renewable energy and environmental and eco-sustainability.
Forward-Looking Statements
Statements included in this update that are not historical in
nature, are intended to be, and are hereby identified as,
"forward-looking statements". Forward-looking statements may be
identified by words including "anticipate," "believe," "intends,"
"estimates," "expect," and similar expressions. The Company
cautions readers that forward-looking statements including, without
limitation, those relating to the Company's future business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in
the forward-looking statements, due to factors such as those
relating to economic, governmental, technological, and other risks
and factors identified from time to time in the Company's reports
filed with the SEC.
HDS International Corp.
CONTACT INFORMATION
401-400-0028
info@hdsicorp.com
http://www.hdsicorp.com
SOURCE HDS International Corp.