Double Crown Resources Executes MOU with Amity University and Prepares for Bulk Guar Gum Shipments via Intermodal Transport
April 26 2017 - 10:21AM
InvestorsHub NewsWire
HENDERSON, NV -- April 26, 2017 --
InvestorsHub NewsWire -- Double Crown Resources, Inc. (DDCC)
is pleased to announce that a formal Memorandum of Understanding
(MOU) has been executed with Amity University, a major research and
technical innovation institution of India for the purposes of fully
developing an economic business model for the advanced intermodal
commodity transport system called Translock² (Translock Squared).
Additionally, Double Crown management is currently negotiating with
a large U.S. based oil drilling and production company regarding a
multi-year supply contract for guar gum shipments from India. The
agreement is expected to progress forward in conjunction with the
work being conducted by Amity University to employ the Translock²
system for commercial applications in the guar gum market. This
commodity market is currently experiencing long term growth on a
global scale as referenced in a current research report which can
be referenced here: Global
Guar Gum Powder Market to Reach 2.1 Million Tons by 2022 -
openPR.
Regarding the signing of the MOU,
Dr. Ashok Chauhan, Founder & President of Amity University
commented, "I am very enthusiastic about the prospects for
employing the Translock² system from Double Crown Resources to
advance the state of the art for India's many farmers of guar and
other important agricultural commodities. Our faculty at Amity
University will be going to work immediately to develop the
necessary financial analysis, economic projections and technical
aspects needed to implement this significant new
technology."
Double Crown management is also
currently working with several large international
importers/exporters for the advancement and testing of the
industry/product specific Translock² units now under development.
The participating clients are also involved in helping to raise the
initial capital required for launch of our new projects and secure
long term financing arrangements. Jerold S. Drew, CEO of Double
Crown, commented, "We are very glad to have the involvement and
endorsement of Amity University to help us bring the many
advantages of the Translock² system to the world's commodity
shippers. Amity's participation is already opening new
opportunities for our marketing team and we expect the pace of our
progress to quicken now that we have their
support."
About Double Crown Resources,
Inc.
Double Crown Resources, Inc., is a publicly traded company in the
natural resources industry. In addition to our minerals and global
commodities supply business, we market the patent-pending,
multi-advantage container system called Translock² (Translock
Squared). This system is designed for highly efficient, economical
and environmentally friendly shipment of aggregate commodities.
Additionally, we hold a 100% interest in the Bateman gold and
nickel prospect near Thunder Bay, Ontario, Canada. Double Crown
Resources, Inc., originally founded in 2006, is based in Henderson,
NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions
constitutes an offer to sell, or the solicitation of an offer to
buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements
in this press release. This press release contains forward-looking
statements that involve risks and uncertainties. Words such as
"will," "anticipates," "believes," "plans," "goal," "expects,"
"future," "intends," and similar expressions are used to identify
these forward-looking statements. Such forward-looking statements
include risks and uncertainties, and there are important factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors, risks and uncertainties are discussed in the Company's
annual report on Form 10-K for the year ended December 31, 2014 as
updated from time to time in our filings with the Securities and
Exchange Commission. The Company is not responsible for updating
the information contained in this press release beyond the
published date, or for changes made to this document by wire
services or Internet services. For further information about Double
Crown Resources, Inc., please refer to its website at
http://www.doublecrownresources.com.
Double Crown Resources,
Inc.
Jerold S. Drew, CEO & Chairman of
the Board
10120 S. Eastern Ave, Suite 200
Henderson, Nevada 89052
Phone: (702) 851-5860
Email: info@doublecrownresources.com