SNRG Corporation Announces License Agreement
03 Novembre 2009 - 6:18PM
Marketwired
SNRG Corporation (PINKSHEETS: SNRG) announced this morning that the
Company has entered into an exclusive North American technology
agreement with Vega Invest AG d/b/a Enviropark Global AG for
advanced waste processing and materials recovery technologies.
The agreement grants the Company all North American rights to
the Enviropark concept and related technologies. The Enviropark
model brings together a matrix of waste streams that create an
economically viable combination of revenue from tipping fees and
the sale of recycled materials on the upstream side of gasification
and revenues from materials and products derived from the syngas
and inorganic liquids produced from the gasification of a blended
waste feedstock.
According to the Chief Executive Officer of SNRG Corp., D. Elroy
Fimrite, "In the evolution of manufacturing we have had magnificent
developments in the creation of useful products from virgin
materials, but we have not been as creative in recapturing these
materials after the product life expires. We not only bury and
incinerate most of these products, but we bury and incinerate
by-products and waste resulting from the processes leading to the
manufacture of the products. The Enviropark technologies focus on
producing virgin materials from all of the waste generated in
making and consuming these products."
"The core technology of the Enviropark model is gasification, a
process where materials are heated to extremely high temperatures
in a sealed vessel without enough oxygen to allow combustion. In
this process all inorganic materials such as metals, sand and rock,
melt and are recovered as liquids and all organic materials are
converted to a gaseous state, with the largest component being a
synthesis gas composed mostly of hydrogen. The syngas is a basic
petrochemical feedstock usually derived from reforming methane and
is the derivative feedstock for a very large number of products we
use every day," added Mr. Fimrite.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR STATEMENT:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"). In particular, when used in the preceding discussion,
the words "believes," "expects," "intends," "will," "plans,"
"hopes," "anticipated," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with the Company's business focus; the Company's ability
to acquire its target facilities and raise needed funding; the
potential productivity of our proposed properties; changes in the
operating costs and changes in economic conditions and conditions
in the recycling and de-manufacturing industry and the unproven
nature of such technologies and its commercial viability. Although
we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. SNRG Corporation takes no obligation to
update or correct forward-looking statements, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by the Company.
Investor Relations Contacts: Mr. Christian Hansen Market
Specialist Equititrend Advisors, LLC 800-585-6988 Mr. Jim Elbert
Destiny Focus Consulting Inc. 630-847-4255 Authorized by: D. Elroy
Fimrite President & CEO
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