Mantra Venture Group Achieves Significant Milestones in 2012 and Looks to 2013 for Further Growth
(firmenpresse) - SEATTLE, WASHINGTON -- (Marketwire) -- 12/28/12 -- Mantra Venture Group (OTCQB: MVTG)(BERLIN: 5MV) looks back on a tremendously successful and productive 2012 while heralding in a number of innovative prospects for 2013.
"We've had an exciting and beneficial year," said Company president and CEO, Larry Kristof. "We've developed strategic partnerships in addition to securing important patents. I'm confident we will continue to expand upon the successful foundations built in 2012."
Highlights of 2012 include:
"We are continuing to further develop our ERC and MRFC technology," said Company president and CEO, Larry Kristof. "2013 will see the Company forging more strategic partnerships as we continue to develop and refine the technology."
Highlights for 2013 include:
Mantra Venture Group wishes you and yours a happy, healthy and prosperous New Year. As you appreciate the final days of 2012 and prepare to ring in the New Year, enjoy our latest video demonstrating the innovative ERC and MRFC technology that converts CO2 into renewable energy: .
About ERC:
The ERC process, defined as the Electrochemical Reduction of Carbon dioxide, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermo chemical processing of fossil fuels. However, ERC has an advantage over the established thermo chemical methods for converting carbon dioxide to liquid fuels.
While thermo chemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy.
About Mantra Energy Alternatives:
Mantra Energy Alternatives Ltd. is a subsidiary of Mantra Venture Group Ltd. Its mission is to become the world leader in production of high value, carbon negative chemicals and fuels. Mantra's ERC system will reduce the problem greenhouse gas CO2 and convert it into a series of valuable chemicals, a form of carbon capture and recycling (CCR). There are currently 27 billion metric tons of CO2 emitted annually from fossil fuel combustion, providing an inexhaustible supply of feedstock. The first product is formic acid (HCOOH), which commands a market of approximately USD $1 billion.
Mantra is a public company quoted on the OTC QB under the symbol MVTG and on the Berlin Stock Exchange under the symbol 5MV.
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For more information go to:
Forward-Looking Statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Contacts:
Mantra Venture Group Ltd.
John Williams
Investor Relations
(604) 495-1766 (Canada) or (502) 214-5932 (USA)
Mantra Venture Group Ltd.
(604) 560-1503
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Datum: 28.12.2012 - 14:15 Uhr
Sprache: Deutsch
News-ID 215814
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contact information:
Town:
SEATTLE, WASHINGTON
Kategorie:
Specialty Chemicals
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