Biocentric Energy Holdings Negotiating Exclusive Manufacturing License With Asian Corporation
August 03 2009 - 6:00AM
Marketwired
Biocentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced
the company is in serious negotiations of an exclusive licensing
agreement for the manufacture and use of Biocentric's Patent
Pending Algae Pro Closed loop Photobioreactor System in Asia.
Biocentric President Dennis Fisher today announced the company
is in serious negotiations for the exclusive licensing of the
closed loop photobioreactor system, with an Asian country. The
terms of the negotiations, the licensing fee and the country in
question are to remain confidential at this time. Mr. Fisher also
indicated the exclusive licensing fee for the entire country was a
significant amount and that a consummated contract is anticipated
during August 2009.
Company COO Mr. Dennis Shen returned from China earlier this
week and confirmed the Teaming agreement with Zhenxing Co was fully
executed, and the company is now able to leverage the resources in
China to design and manufacture certain components for Biocentric's
global operations.
Following updates for the production and ALGAE harvesting for
the company's onsite closed loop Photobioreactor system. The 1800
square feet closed loop Photobioreactor is fully operational and
the initial harvest of the ALGAE culture is expected sometime next
week. The company plans to produce a Biodiesel sample product from
this initial harvest and initiate lab testing of the Biodiesel fuel
samples to calculate the emission reductions of a diesel engine
operating on the ALGAE based Biodiesel fuel. The results of the
test will be made available by Press Release and the company's
website.
Mr. Shen will be returning to China in the second week of August
to finalize additional negotiations.
Dennis Fisher, Company President, today commented, "Emerging
Green Companies today released a 3 part interview on their website
which is a detailed introduction to how ALGAE is produced,
harvested and the products' end use contributing to a future all
'Green' environment."
Relevant Links & Articles
http://emerginggreencompanies.com/home/?page_id=124
www.biocentricenergy.com
www.biocentricenergyalgae.com
Biocentric Energy Holdings, Inc. is dedicated to the development
of new technologies as well as acquiring and fostering companies
with innovative technologies designed to provide unique and
effective green energy solutions for the 21st century. Along with
the cultivation of important relationships and partnerships with
synergistic entities, Biocentric Energy has devoted substantial
time and effort in research and development in order to bring a
range of innovative green alternatives to the marketplace.
Safe Harbor Statement: This release includes forward-looking
statements intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified
by phrases such as BEHL or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. Similarly, statements herein that
describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
See this release in video format
http://vodnewswire.com/vodnewswire/news/biocentric-energy-20090731/
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Dale Baeten Biocentric Investor Relations Office:
920-273-7941
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