Biocentric Energy Holdings and Renewed World Energy Agree to Form "Alta3" Global, a Joint Venture Corporation
January 26 2010 - 10:40AM
Marketwired
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) announced today
after concluding several months of due diligence, Biocentric Energy
Holdings and Renewed World Energies (RWE) have agreed to form
"Alta3 Global" (A3G) which will own licensing from both companies
to market, install and operate closed loop photo bioreactor systems
utilizing their combined technologies.
RWE's CEO, Rick Armstrong and CTO, Tim Tompkins spent last week
at the new Biocentric Energy headquarters located in Santa Ana,
California reviewing all equipment, property and plans. RWE's
expert engineering and extensive experience with pumps, valves and
automated system designs have provided significant improvements to
our commercial system. Many of these improvements will result in
cost reductions that will not only be passed on to future clients
but will help BioCentric Energy's goal of selling the lowest cost,
and most durable commercial closed-loop photobioreactor system in
the world.
Biocentric has received many calls and inquires from our
shareholders asking about our new headquarters. Now that the dust
has settled we are more pleased than ever with the additional space
for both the company's lab and the construction of our operational
onsite commercial closed-loop systems.
Keeping a constant eye and monitoring the growth and production
of the algae in our closed loop photobioreactor system is
paramount. This is why BioCentric Energy is in the process of
hiring an in house phycologist and algae specialist from the top
algae institution and research facility located in the heart of the
USA. While BioCentric Energy's equipment and closed loop systems
have been engineered and constructed to achieve maximum algae
growth, it is equally important to ensure that they algae is being
monitored for contamination. Also, with both hands on and remote
monitoring, Biocentric can add or reduce nutrients to improve the
growth rate and quality of the algae. The addition of the in-house
phycologist will provide BioCentric Energy with the extra support
as the company moves toward selling systems and solidifying
contracts.
With recent sales of Biocentric Energy's desktop continuous flow
system and algae culturing station, the new "Algae Wall Unit" is in
the final testing phase and will be ready for display and sale by
January 30. Photos of this unit will be placed on BioCentric Energy
website and as well as on exhibit at the NAA Workshop in
February.
VOD Newswire Video Format:
http://vodnewswire.com/vodnewswire/news/biocentric-energy-20100126/
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.
Website: www.biocentricenergy.com
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BioCentric Investor Relations: Monique Berry Executive Vice
President Office: 714-966-1234
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