ThalesNano and University of Szeged Awarded $4.8 Million National Innovation Grant to Create Revolut

ThalesNano and University of Szeged Awarded $4.8 Million National Innovation Grant to Create Revolutionary H2-Generation and CO2 Valorization Platforms

ID: 560000

(Thomson Reuters ONE) -
ThalesNano Inc. /
ThalesNano and University of Szeged Awarded $4.8 Million National Innovation
Grant to Create Revolutionary H2-Generation and CO2 Valorization Platforms
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SZEGED, Hungary, Sept. 14, 2017 (GLOBE NEWSWIRE) -- ThalesNano and University of
Szeged have won a grant as part of the highly competitive GINOP (Economic
Development and Innovation Operational Program) 2.2.1-15-2017-0041 program from
the Hungarian Ministry for National Economy. The project will be implemented
under the Széchenyi 2020 program using funds from the European Union.

The total project budget is $4.8 million and will be spent over four-years to
develop state-of-the-art platforms that combine renewable energy storage with
continuous-flow electrochemical CO2 conversion to valorizable products.

The grant will allow ThalesNano and the University of Szeged to continue
building on their ground-breaking expertise in electrochemistry, nanocatalysis,
and continuous-flow reactor development towards inventing environmentally
beneficial, and economically lucrative technologies.

In addition to platform creation, funds will be used to expand ThalesNano's
Szeged-based alternative energy R&D center, which we expect to become
established at the newly built ELIPOLIS science park in 2018 and create a number
of new jobs for the area.

In a joint statement, Dr. Ferenc Darvas (President of ThalesNano), Dr. Janaky
Csaba (Project Research Director-University of Szeged), Richard Jones (Project
Director-ThalesNano), and Alex Drijver (CEO-ThalesNano) announced:

"To develop technologies that can help reduce the rising CO2 concentration in
our atmosphere is of tremendous importance to the future of this planet and our




existence on it. Rather than choose the most common method, CO2 capture and
storage (CCS), we aim to combine ThalesNano's and University of Szeged's
expertise in high pressure hydrogen generation, flow technology,
electrochemistry, and catalysis to generate unique platforms that will capture
CO2 and convert it into useful synthetic materials using renewable electricity
sources. Not only will this system help reduce the industrial CO2 output into
the atmosphere, but we also expect it to help reduce the impact of large scale
chemical production through carbon recycling. A system that can be applied not
just here on Earth, but also for future Mars colonization. ThalesNano and the
University of Szeged have always maintained close ties through innovative
collaboration projects. With this financial support, it will make our
partnership even closer and enable us to make one of our most important
innovative dreams a reality."

Contact:

ThalesNano: Richard Jones / richard.jones(at)thalesnano.com
University of Szeged: Dr. Csaba Janaky/ janaky(at)chem.u-szeged.hu




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ThalesNano Inc. via GlobeNewswire




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Datum: 14.09.2017 - 19:06 Uhr
Sprache: Deutsch
News-ID 560000
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