BioPower Operations Signs a Joint Venture and License Agreement to Produce Cellulosic Ethanol
November 14 2013 - 8:00AM
Marketwired
BioPower Operations Signs a Joint Venture and License Agreement to
Produce Cellulosic Ethanol
Dr. Baez-Vasquez, Chief Scientific Officer of BioPower, to
Spearhead Intended Partnerships and Collaborations With World Class
Companies for the Licensing of the Joint Venture's Cellulosic
Ethanol Technology
FORT LAUDERDALE, FL--(Marketwired - Nov 14, 2013) - BioPower
Operations Corporation ("BioPower" or the "Company") (OTCQB: BOPO),
announced today that its wholly-owned subsidiary, Global Energy
Crops Corporation ("Global Energy"), entered into a 50-50 joint
venture agreement with Alternative Green Today, LLC ("AGT") to
license the Joint Venture's Intellectual Property for the
production of cellulosic biofuels. Targeted companies
will include oil companies, sugar companies and all other producers
of ethanol and transportation fuels. Global Energy will manage
the joint venture.
The joint venture intends to provide a platform of sustainable
solutions for the production of cellulosic biofuels and biobased
products in a flexible and cost-effective manner. Dr. Marco
Baez-Vasquez, Chief Scientific and Technology Officer for BioPower,
stated, "Our latest work and results have made significant progress
towards configuring an advanced process for the production of
cellulosic biofuels economically. We intend to license our
technology to sugar producers, ethanol producers, transportation
fuels and energy companies looking to achieve low capex and OPEX
backed biofuels production goal."
Randall Padget, CEO of AGT, stated, "We have been working for
many years to produce an advanced microbial based technology that
could be used for the conversion of cellulosic sugars into ethanol
at much greater rates and much lower costs than achieved by others
today. We believe we have achieved a major breakthrough and we have
partnered with Global Energy to improve, market and license our
sustainable platform solutions throughout the world."
ABOUT BIOPOWER OPERATIONS CORPORATION BioPower Operations
Corporation (OTCQB: BOPO) is a pre-revenue, developmental stage
company focused on developing profitable sustainable solutions
focused on the environmentally-friendly bio-conversion of biomass
and organic wastes into useful and valuable products.
The Company's subsidiary, Global Energy Crops Corporation
(GECC), is focused on licensing the technology of the GECC/AGT
joint venture to world class companies for the production of
cellulosic ethanol and sub-licensing patented waste conversion
technology capable of converting organic wastes from humans to the
water and wastewater industry.
FORWARD-LOOKING STATEMENTS This release contains
forward-looking statements, including, without limitation,
statements concerning our business and possible or assumed future
results of operations. Our actual results could differ materially
from those anticipated in the forward-looking statements for many
reasons including: our ability to continue as a going concern,
adverse economic changes affecting markets we serve; competition in
our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer
acceptance of our products or difficulties related to our
integration of the businesses we may acquire; and other risks and
uncertainties as may be detailed from time to time in our public
announcements and SEC filings. Although we believe the expectations
reflected in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements are
made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to
update any of the forward-looking statements after the date of this
document to conform these statements to actual results or to
changes in our expectations, except as required by law. There is no
assurance that a definitive agreement will be completed.
For more information, please contact: BioPower Operations
Corporation Robert Kohn CEO Email: robert@biopowercorp.com Phone:
954.202.6660
BioPower Operations (CE) (USOTC:BOPO)
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